August 20, 2007

Campbell Co. on Wrong Side of Carry Trade

According to the Hedge Fund Implode-O-Meter, reporting August 19, 2007 from Bloomberg as the original source, Campbell & Co. is feeling some stresses.
This Towson, MD-based fund run by Terri Becks is said to be hurting as a result of the breakdown of the Yen carry trade, as well as the ensuing credit crunch in general. The "completely" computer-driven fund is down 10-12% as of the end of July, according to a source. The fund reportedly deals in futures, stocks, and bonds.

Once again, we cannot help but be amused as a fund claiming to be "hedged" for volatility is showing signs of sickness upon encountering some actual rough seas.

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