Performance profile : Scholes' Platinum Grove loses 36%

Mon Dec 15, 2008




Platinum Grove Asset Management, a relative value shop chaired by Nobel laureate Myron Scholes, was producing more tin than anything else in October. The flagship Platinum Grove Contingent Capital Fund lost an estimated 36% for the month, putting its year-to-date loss at 45.85%.

Lots of trades went wrong for fixed-income arbitrage players in October. Word has it...

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