Current news for this fund:
SRM Global Master Fund - equity investor
Count of distinct funds: 1
Jonathan Wood's SRM Global Master Fund has investors in a world of hurt according to the WSJ. The ex-UBS AG trader started SRM Global in September 2006 with $3 billion from investors who agreed, at the time, to not withdraw their money for as long as five years (Oops!).
According to the WSJ:
Some of SRM's more disastorous plays include investing in Countrywide Financial (Whoops!), Northern Rock (Ouch!), and Bear Stearns (Yowza!).
Can't a guy catch a break?
Wood's SRM Global Master continues on despite severe losses since inception; however, with such severe losses, they are certainly "ailing".
If you have any tips on SRM, please send them in!
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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.