A Wager by Fairfax Financial Risks $174 Million. If Deflation Arrives, It Could Be Worth Billions. By GREGORY ZUCKERMAN A Canadian insurer is turning to a seldom-used strategy to make a big wager on falling prices over the next decade. Greg Zuckerman discusses a Canadian insurer that has wagered on derivatives that profit from a […]
Archive for August, 2010
Pellegrini’s Hedge Fund to Return Money to Investors
Paolo Pellegrini, the investor who helped hedge-fund manager John Paulson score more than $15 billion of profits betting against risky mortgages, is returning money to clients of his own hedge fund after suffering losses this year. Mr. Pellegrini’s PSQR Capital has lost about 11% so far in 2010, according to a person close to the […]
