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"The Big Short" Scion Fund managers restricted withdrawals, too. [ http://www.nytimes.com/2007/03/09/business/09insider.html http://www.nytimes.com/2007/03/09/
by tosseraccount 10y ago
"The Big Short" Scion Fund managers restricted withdrawals, too.
[ http://www.nytimes.com/2007/03/09/business/09insider.html http://www.nytimes.com/2007/03/09/business/09insider.html ]
Either way, chaos created opportunity and Scion investors might feel lucky that they were locked in the castle.
The subprime mortgage market finally imploded causing the Great Recession.
If you are confident of credit crisis, perhaps you can do your own shorting.
- carsongross 10y agoI'm fairly confident of one but, of course, timing is difficult and carry costs of short positions are high (they nearly killed Scion) so I prefer to simply wait out the market.