Hedgie went under

[a529612]

June 4 (Bloomberg) -- Ritchie Capital Management Ltd. is preparing to seek bankruptcy protection for life-insurance holdings in its flagship hedge fund, a month after blaming its co-investor for more than $700 million in losses.

http://www.bloomberg.com/apps/news?pid=20601087&sid=akvexlsocISw&refer=home

 

[Longhorns]

Quote from a529612:

June 4 (Bloomberg) -- Ritchie Capital Management Ltd. is preparing to seek bankruptcy protection for life-insurance holdings in its flagship hedge fund, a month after blaming its co-investor for more than $700 million in losses.

http://www.bloomberg.com/apps/news?pid=20601087&sid=akvexlsocISw&refer=home

$700 million isn't even a blip in this worldwide free money mania.

 

[stock_trad3r]

Quote from a529612:

June 4 (Bloomberg) -- Ritchie Capital Management Ltd. is preparing to seek bankruptcy protection for life-insurance holdings in its flagship hedge fund, a month after blaming its co-investor for more than $700 million in losses.

http://www.bloomberg.com/apps/news?pid=20601087&sid=akvexlsocISw&refer=home

ha ha

I think is amusing when hedgefunds keel over. All those smart people & money and they still **** it up.

 

[JCBLESS]

Its just the beginning of what is to come.