You do the maths Thursday, March 27, 2008
I read with amusement the following from Bloomberg News
Merrill Lynch is likely to pick up a nice number of defectors from rival Bear Stearns. According to ML managing director Jeff Penney in a BN interview, his firm received 20 telephone calls from nearly two dozen hedge funds within days of the BS collapse.
You do the maths, albeit perhaps times are so tough that some funds are sharing telephone calls.
Labels: Hedge Funds
posted by John Wilson @ 3:09 PM Permanent Link
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3 Comments:
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At 9:05 AM,
Hawkeye said...
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Just possibly twenty calls from 20 hedge funds might be 'nearly two dozen calls'? After all it is only 4 short of two dozen. Hedge funds and Bankers have had the maths further out than that in recent months. Don't be so picky!
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At 9:21 AM,
John Wilson said...
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Hawkeye, i was just amused by the unnecessary element - could have said we've been called by 20 hedge funds.
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At 2:47 PM,
Hawkeye said...
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Ah yes, but you have had the benefit of a decent education and are able to write succinct, clear English on most occasions. It would be presumptuous to think that everyone has had the same luxury.
