Copper River's subprime short fails to stem the red ink

Wed Dec 5, 2007



Shorting subprime hasn't produced huge net returns for everyone. Despite its big, and early, short bet on subprime lender Novastar Financial, which has finally imploded, Copper River was posting a loss this year of about 17% as of the end of October, on top of a decline of more than 9% in 2006.

Copper River performed well...

ISSN: 2151-1845 / CDC10004H

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