Introducing the Hedge Fund Implode-o-Meter

Discussion in 'Wall St. News' started by ASusilovic, Aug 13, 2007.

  1. Source :

    So far the count at the new site, the Hedge Fund Implode-o-Meter, is 11 - and that’s counting the two Bear Stearns funds, for example, as one outfit. There’s also an ailing or watch list for those funds such as Basis Capital or the Macquarie Fortress funds that haven’t shut down but are said to be suffering.

    Good to see that a few legal difficulties with the first site hasn’t deterred the team from diversifying and providing this valuable service. And for the sake of clarity, remember:

    The “imploded” list contains hedge - or hedge-like funds which have gone through some sort of permanent adverse change. This is a somewhat subjective call, and does not necessarily mean total shutdown or bankruptcy. It can also mean steep and rapid mark-downs in net asset value; or abnormal “bail-out” by corporate parents or peers in order to avoid write-downs and provide liquidity.