| Bermuda: home to hedge-funds | ||||||
If only LTCM had been quoted on the Bermuda Stock Exchange, UBS could have shorted the stock and properly hedged its $800 million long position. Well, here, only a couple of years late, is the answer to Mathis Cabiallavetta’s nightmare.
Plusfunds.com is inviting hedge funds to list themselves for electronic trading on the Bermuda exchange. But there’s a catch. The hedge fund manager has to mark himself to market each day.
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