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Nationalization of Northern Rock Leaves RAB, SRM Empty-Handed
From:
Daily News
| Date:
February 18, 2008| Author:
Bill McIntosh, Senior Financial Correspondent
| Copyright 2008 Daily News. Provided by ProQuest LLC.Copyright information
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LONDON (HedgeWorld.com) - The nationalization of mortgage bank
Northern Rock plc by the British government has claimed two of
Europe's most savvy hedge fund mangers as victims. Though the losses
are substantial they are not of a scale to threaten the solvency of
the firms involved, RAB Capital plc and SRM Advisors of Monaco.
Instead, it is the judgement of the two lead managers that will
raise questions among investors. Those men are Philip Richards,
chief investment officer and chief...
