As rumors of Bear's impending demise the week of March 10
became a self-fulfilling prophecy, hedge funds did their best
to distance themselves. But then, after JPMorgan came to the
rescue, at least one fund reversed course.
On March 14, Okumus Capital wrote that it had ensured the
"safety of our investor assets" by moving "all of the excess
cash out of the account at Bear Stearns" and transferring it to