Is the long awaited hedge fund debacle creeping up on us? If so, the VIX is still very complacent and I would recommend caution in the markets as we move forward, even if some guy is screaming buy, buy, buy on TV and the radio. Forget him, be safe. Trade it, don't love it.
NEW YORK (MarketWatch) -- Investors were assessing Wall Street banks' exposure to the high flying hedge fund industry Tuesday, a day after a Connecticut-based hedge fund said it lost billions of dollars.
Amaranth Advisors on Monday said it suffered huge losses of more than $5 billion, or more than half of the fund's $9.25 billion in assets. Though fallout from Amaranth did not appear to be causing panic in other markets, reports from institutional investors of direct losses from Amaranth began trickling in Monday.
NEW YORK (MarketWatch) -- Investors were assessing Wall Street banks' exposure to the high flying hedge fund industry Tuesday, a day after a Connecticut-based hedge fund said it lost billions of dollars.
Amaranth Advisors on Monday said it suffered huge losses of more than $5 billion, or more than half of the fund's $9.25 billion in assets. Though fallout from Amaranth did not appear to be causing panic in other markets, reports from institutional investors of direct losses from Amaranth began trickling in Monday.
This entry was posted
on Tuesday, September 19, 2006 at 6:08 PM.
