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The have had to unwind a double-digit percentage of their portfolio, in a down market, in a very short amount of time. The total net effect of doing so has been
by jcranmer 4y ago
The have had to unwind a double-digit percentage of their portfolio, in a down market, in a very short amount of time. The total net effect of doing so has been to collect something like 0.00001% net profit. That is simply not credible.