(Reuters) - And Friday's 7 percent slide in MBIA Inc and Ambac
Financial Group Inc , two of the world's biggest bond
issuers, stretches the gains for William Ackman, head of
Pershing Square Capital Management, who has been short both.
"Short-biased funds are going to prosper over the next few
months as the subprime problem takes its toll. We think the
problem is certainly going to continue," said Christopher Wolf,
managing partner at Cogo Wolf Asset Management LLC, which runs
a $100 million fund-of-hedge-funds.
Read more at Reuters.com Bonds News
Financial Group Inc , two of the world's biggest bond
issuers, stretches the gains for William Ackman, head of
Pershing Square Capital Management, who has been short both.
"Short-biased funds are going to prosper over the next few
months as the subprime problem takes its toll. We think the
problem is certainly going to continue," said Christopher Wolf,
managing partner at Cogo Wolf Asset Management LLC, which runs
a $100 million fund-of-hedge-funds.
Read more at Reuters.com Bonds News
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