Qvt overseas liquidating ltd
Some notable hedge fund losers include the Palomino Fund LTD managed at Appaloosa Management by David Tepper as well as the QVT Overseas LTD Funds A and B at QVT Management.Many investors have been extremely lucky and unlucky investing in hedge funds. I'm at Day 26 in your 31 day money challenge podcast. I've been looking for a comprehensive guide to all-things-money and this has been so informative." --Danielle Get Instant Access!Some market specialists estimate that as many as half of bondholders were international buyers, with the rest owned by United Arab Emirates banks.Among options bondholders are exploring is the possibility of seizing Dubai land that is being used to secure the bonds .
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The WSJ reports that QVT, headed by one Angelo Moskov, is "spearheading efforts to rally holders in bonds in Dubai World subsidiary Nakheel, including hedge funds and other money managers in New York and London...
About 15 or 20 investors in bonds of Dubai World's real-estate subsidiary have come together in an effort to explore their options, after suffering huge losses." As traditionally those most exposed within any given committee are presented the privilege to "head" such ad hoc initiatives, we are fairly certain that the QVT gentlemen have absorbed the lion's share of said "huge losses." And as the bonds have dropped from 110 to 40 in two days, and are trading below such liquidating names as Nortel, with other credits fully on the government's bailout/subsidiary payroll, this could easily be the single worst performing issue of 2009.