BBG 0.00% $1.05 billabong international limited

Ann: Refinancing of Debts, Sale of DaKine, New CE, page-15

  1. 5,383 Posts.
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    re: Ann: Refinancing of Debts, Sale of DaKine... Nice 20% return for hedge fund thought for a month work....

    I found it strange that a banks debt sold to first hedge fund at 70-75c then the next hedge fund buy them at 80c just like that from the next bank
    A premium to last going price...now to do that you must think you 100% confident you making money...

    So hedge fund know it all alone easy 20-30% for a few weeks work....

    Hmmm...
 
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