Max Re Capital Q3 earnings expected to be hit by hedge fund losses
Max Re Capital has announced that third quarter 2006 earnings are expected to be impacted by an estimated $35m reduction in net gains stemming from trading losses in certain hedge fund investments.
Max Re did not divulge which hedge funds had failed to perform, or which hedge funds it had invested in.
Analysts Keefe, Bruyette & Woods have commented that the timing is not likely to be simply
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