Philippe Jabre's Jabre Capital loses $300 Million on Japanese bets
|March 28th, 2011||
|Philippe Jabre, one of Europe’s more prominent hedge fund managers, incurred $300 million in losses last week from his hedge fund Jabre Capital Partners’
In order to minimize his hedge fund’s risks, Philippe Jabre withdrew investments from Japanese and global shares last Wednesday. However, as the nuclear plant stabilized, the market rebounded right afterwards. As a result, Jabre Capital’s JabCap Global Balanced Fund is down 3% year to date.
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