Parsad Posted April 14, 2010 Share Posted April 14, 2010 Morgan Stanley reported to investors that their 2007 Global Property Fund will probably recover only about 40% of its total value...$5.4B down the drain! Cheers! http://www.bloomberg.com/apps/news?pid=20601087&sid=aeO9Ze5Vz7bo&pos=5 Link to comment Share on other sites More sharing options...
ragnarisapirate Posted April 14, 2010 Share Posted April 14, 2010 that's a spicy meatball. Link to comment Share on other sites More sharing options...
Parsad Posted April 17, 2010 Author Share Posted April 17, 2010 Goldman Sachs leveraged real estate fund, Whitehall Street International, lost 98 cents on the dollar for investors. Another round of applause for the titans of Wall Street! At least Goldman lost the most in the fund. Cheers! http://www.cnbc.com/id/36591654 Link to comment Share on other sites More sharing options...
oldye Posted April 17, 2010 Share Posted April 17, 2010 Its amazing that anyone trusts these people to run their money esp insurance companies. Imagine if Hamblin Watsa was running Allstate's 99 billion dollar portfolio...instead they invest at 3-4% while exposing their shareholders to huge swings. Simply amazing. Link to comment Share on other sites More sharing options...
ubuy2wron Posted April 19, 2010 Share Posted April 19, 2010 Goldman Sachs leveraged real estate fund, Whitehall Street International, lost 98 cents on the dollar for investors. Another round of applause for the titans of Wall Street! At least Goldman lost the most in the fund. Cheers! http://www.cnbc.com/id/36591654 Link to comment Share on other sites More sharing options...
ubuy2wron Posted April 19, 2010 Share Posted April 19, 2010 Goldman Sachs leveraged real estate fund, Whitehall Street International, lost 98 cents on the dollar for investors. Another round of applause for the titans of Wall Street! At least Goldman lost the most in the fund. Cheers! http://www.cnbc.com/id/36591654 Parsad, Given the latest Goldman news I think it naive to think Goldman lost the most on this deal they may in fact have lost far less because some other arm was taking another position.. Goldman in their statement stated they lost 90 million on the Ababcus deal .... did they.... I will bet that they used the information which they had that RBS had sold some of the CDS to get short RBS when a firm has so many positions it can be very difficult to tease out what their exposure is. I have learned that you can almost always tell when an investment banker is lying.... his lips are moving. Link to comment Share on other sites More sharing options...
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