Bear Global Macro Hedge Fund Down 15%

Apr 14 2008 | 2:00am ET

One of the few hedge fund bright spots for Bear Stearns last year has turned sour in 2008.

The Emerging Markets Macro Fund was down 15.2% in the first quarter, the fund told investors, after an 11% decline in March. The fund blamed bad bets on global currencies for the decline.

The once $2.6 billion fund, managed by Melissa Ko, is down to just $1.2 billion. It returned 25.5% in 2007.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...