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.
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.
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