A Californian hedge fund has made more than 1,000 per cent return this year by betting against US subprime home loans, making it one of the world’s best-performing funds of all time.
I’m surprised there aren’t that many such news surfaced since the subprime misery began to unfold. The truth is there are certainly many funds had bet against the subprime. The truth is one bet winner isn’t going to stay in biz long. It’s the consistency, year in and year out that wins. Guess one slam wonder isn’t worth much of ink, :).