Sowood Capital

Sowood Capital

Sowood Capital is a Boston based hedge fund that lost 50% of its capital in the credit market turmoil of July 2007. Jeffrey Larson, the founder, had a long and illustrious track record over 12 years at the Harvard endowment. He started his career as a trader with Cargill and left Harvard in 2004 to start Sowood. Harvard had seeded Jeff with $350 million. At the end, the losses were to the tune of $1.5 billion. Chicago based Hedge Fund Citadel Investments bought out Sowood's position and made huge profits as the markets recovered.

References

* http://www.bloomberg.com/apps/news?pid=20601087&sid=a5He2yClHjJE&refer=home
* http://www.ft.com/cms/s/0/d8488074-3edc-11dc-bfcf-0000779fd2ac,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html?nclick_check=1


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