Funds risk heavy losses from binge investments

Financial Times- Private equity and hedge funds risk suffering massive losses from a binge of investments in the troubled North American automotive industry.

Many of the funds saw turnround opportunities in the sector in 2005 and 2006 when suppliers were squeezed between rising commodity prices, cutbacks by the three Detroit carmakers, and customers’ demands for lower prices.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , . Bookmark the permalink.

Comments are closed.