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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