Which hedgefund do you think blew up on the GM debt trade?

who do you think blew up today because of that piggy back trade. I think citadel probably had some exposure.

 

it's possible they did that trade, they have a lot of phd's on board.

 

Whoever it is bought all of those Jan 07 10 puts to hedge themselves vs the bonds.

 

12:52 Hedge fund GLG Partners denies rumors of losses in credit derivatives - Reuters

 

I actually hope some of these hedge funds DO blow up. It would probably bring back some much needed volatility and maybe get rid of this BS "buy every down-tick, sell every up-tick" environment.

 

well what would you do. If you admit to being in trouble, everybody will be over your positions. Its a lose lose situation, you cant admit, and you cant defend yourself.