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As someone that worked at a hedge fund that was leveraged approximately 40:1 in 2008, I never wish to go through that again. 40B USD assets under management dow
by hermitdev 4y ago
As someone that worked at a hedge fund that was leveraged approximately 40:1 in 2008, I never wish to go through that again. 40B USD assets under management down to about 7B USD in a few weeks... Amazingly, we still had jobs at the end of that September.
- deleted 4y ago[deleted]
- plonk 4y agoDid you get that value back in the next years or was it a complete loss?
- hermitdev 4y agoIIRC, it took between 18-24 months for the fund to earn it back, with a significantly reduced leveraged rate. AUM never reached 40B while I was still there due to redemptions, though. The following year was a wild ride, for sure.