Coverart for item
The Resource A tale of two hedge funds : Magnetar and Peloton, David P. Stowell, Stephen Carlson

A tale of two hedge funds : Magnetar and Peloton, David P. Stowell, Stephen Carlson

Label
A tale of two hedge funds : Magnetar and Peloton
Title
A tale of two hedge funds
Title remainder
Magnetar and Peloton
Statement of responsibility
David P. Stowell, Stephen Carlson
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Hedge fund Magnetar Capital had returned 25 percent in 2007 with a strategy that posed significantly lower risk to investors than the S&P 500. Magnetar had made more than $1 billion in profit by noticing that the equity tranche of CDOs and CDO-derivative instruments were relatively mispriced. It took advantage of this anomaly by purchasing CDO equity and buying credit default swap (CDS) protection on tranches that were considered less risky. Now it was the job of Alec Litowitz, chairman and chief investment officer, to provide guidance to his team as they planned next year's strategy, evaluate and prioritize their ideas, and generate new ideas of his own. An ocean away, Ron Beller was contemplating some very different issues. Beller's firm, Peloton Partners LLP, had been one of the top-performing hedge funds in 2007, returning in excess of 80 percent. In late January 2008 Beller accepted two prestigious awards at a black-tie EuroHedge ceremony. A month later, his firm was bankrupt. Beller shorted the U.S. housing market before the subprime crisis hit, and was paid handsomely for his bet. After the crisis began, however, he believed that prices for highly rated mortgage securities were being unfairly punished, so he decided to go long AAA-rated securities backed by Alt-A mortgage loans (between prime and subprime), levered 9x. The trade moved against Peloton in a big way on February 14, 2008, causing $17 billion in losses and closure of the firm
Member of
Cataloging source
CaToSAGE
http://library.link/vocab/creatorName
Stowell, David
Dewey number
332.6327
Illustrations
illustrations
Index
no index present
LC call number
HG4930
LC item number
.S76 2017
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Carlson, Stephen
Series statement
SAGE Knowledge. Cases
http://library.link/vocab/subjectName
  • Hedge funds
  • Risk management
  • Investments
  • Magnatar Capital (Firm)
  • Peloton Partners, LLP (Firm)
  • Hedge funds
  • Risk management
  • Investments
Target audience
specialized
Label
A tale of two hedge funds : Magnetar and Peloton, David P. Stowell, Stephen Carlson
Instantiates
Publication
Note
  • Originally published: Stowell, D. P., & Carlson, S. (2009). A tale of two hedge funds: Magnetar and Peloton. 5-308-508. Evanston, IL: Kellogg School of Management, Northwestern University
  • 2Teacher Notes for Sage Business Cases are available for academic staff. Contact the Liaison Librarian for Business and Management for details3
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
SAGE000000097
Extent
1 online resource
Form of item
online
Isbn
9781473989580
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations.
Specific material designation
remote
Label
A tale of two hedge funds : Magnetar and Peloton, David P. Stowell, Stephen Carlson
Publication
Note
  • Originally published: Stowell, D. P., & Carlson, S. (2009). A tale of two hedge funds: Magnetar and Peloton. 5-308-508. Evanston, IL: Kellogg School of Management, Northwestern University
  • 2Teacher Notes for Sage Business Cases are available for academic staff. Contact the Liaison Librarian for Business and Management for details3
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
SAGE000000097
Extent
1 online resource
Form of item
online
Isbn
9781473989580
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
illustrations.
Specific material designation
remote

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