Bear Stearns spares blushes by reassigning assets chief
Tuesday 3 July 2007
"Bear Stearns has replaced Richard Marin, its head of asset management, in an attempt to restore investor confidence as two of its hedge funds stand on the brink of collapse."
Tom Bawden in New York The Times Saturday June 30 2007 Full story here
Its a funny thing, the more I read about Hedge Funds, the more I am not surprised by these events. But the question that must be asked why do investors time and time again invest their money? Common sense says look before you leap...but investors keep leaping! Maybe investment into hedge funds should be called gambling or speculating into hedge funds. It will not stop the speculation but it may just help put into perspective the risks.
So if you are an investor, think seriously about the risks. If you are a gambler, I wish you luck or perhaps you should consider the races instead...
I await the future news of Hedge Fund failures..when will it be?
Categories: Hedge Funds
posted by Murray Round Wealth Management @ 20:09,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
Welcome to our Blog
Our Blog focuses on the three Ts...truth, transparency and trust. The world of investment management is fraught with self interested parties keen to sell investment products but wrapped up as 'advice'. Only with totally transparency, can investors make informed and successful decisions. We have included various categories for simpler navigation, alternatively search our Blog using key words you think are relevant. We hope you find something of interest to you.
Contact Us
We welcome your enquiry to us. Simply click on Contact Us' link at the top of the page. You may also email us at service@murrayround.co.uk or telephone 01743 248108.
Visit us again!
