| 06.03.2008 Peloton Update: Opalesque Exclusive: View - 7.5 times leveraged - no good job of de-leveraging at Peloton, Peloton to liquidate funds and close shop, Peloton ABS Fund investors may get nothing back |
| Opalesque Exclusive: View - 7.5 times leveraged - no good job of de-leveraging at Peloton A respected industry source gave Opalesque the following commentary on yesterday’s coverage: Peloton’s long book was leveraged 7.5 times, so a 15% fall in 2006/07 AAA ABX vintages wiped-out the fund. Some investors understood leverage to be only 4 times. Either way, in this market environment with that a |
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