| 13.08.2007 Opalesque Exclusive: What happened last week – Expert comments |
| From Benedicte Gravrand, Geneva:
Last week saw some of the after-effects of the subprime fall-out that started a few months ago, and the subsequent first casualties, the two Bear Stearns hedge funds. On the hedge fund side, we saw that: The hedge fund firm Sowood Capital Management lost an estimated 60% after betting on corporate bonds and loans. WestLB Mellon Asset Management suspen |