""The managers bought complex, off-balance-sheet swap contracts that created a leveraging effect on the funds," Gogerty said. The managers made no attempt to tell investors that the funds were taking on additional risk, he said."
The article states that "Oppenheimer failed investors by not telling them that two of its bond funds had recently taken on extra risk." The end result was that "Oppenheimer's normally stable Champion Income and Core Bond funds saw huge losses in 2008, dropping 78% and 36% respectively."
4 comments:
Nice post! Keep your work nice.
Personal Injury attorney Houston
Silly Bandz Direct is the official UK site for the #1 US craze Silly Bandz you can purchase the complete Silly Bandz Collection such as the Justin Bieber Silly Bandz, animal silly bandz and Princess silly bandz. Silly Bandz
I was working and suddenly I visits your site frequently and recommended it to me to read also. The writing style is superior and the content is relevant. Thanks for the insight you provide the readers!
Intraday Nifty Future Tips
Excellent post.I want to thank you for this informative read, I really appreciate sharing this great post. Buy Property
Post a Comment