Sowood, So Long. And Not Short Enough.
Sowood, simply the next in the parade of likely credit hedge fund blow-ups. Exactly how many funds will be laid low by the current credit markets ugliness? I'd hazard a guess that the final count will be in the low hundreds.
Click to Read the article here in Information Arbitrage Blog ...
It is really simple...They blame it on illiquid markets or other reasons, but the main reason is lack of Risk Control.
It does not matter if you manage thousands or millions, if you do not have risk control, you can lose all ...
