If it was Trump, he would declare bankruptcy -- excuse me "used the laws of our country to his advantage"-- and tell us that the people who he stiffed are sharks and killers who know what they were getting into. |
I imagine his investors would. |
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True, but losing 90% may well be a world-record. |
Not even close. |
The Greek economy tanked. People who invest in HF know they are risky. When they work, they get huge returns. $40 million is a nothing hedge fund anyway. Why do you think he stole the money? Did Fidelity steal your money when the market crashed? |
Nope, I've seen funds lose greater than 100%. |
| This is news only if said fund was marketed as "AAA+ ALL GOOD BONDS" and somehow some of the money ended up in Greek debt. But it's marketed as "GREEK DEBT FUND" then, well, yeah, it's not a surprise when Greek Debt Funds lose money. |
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Congressional investigation, pronto!
The only correct way to steal other people's money is to declare bankruptcy.... multiple times. |
This sounds like you, Donald. |
Very funny
(assuming you're being sarcastic) |
The fund is a corporation under (probably) Delaware law so if it lost more than 100%, it's just declare bankruptcy. |
Not the same PP, but this happens with some regularity. Not sarcastic at all. |
One person's loss is another person's gain. Finders Keepers. |
It is mathematically impossible to lose more than 100% -- then you already have 0. |