Loss Report
The Blackwood Capital Quarterly Report, Q3 2008, page 1: Assets under management: $7.2 billion. Year-to-date return: 14.3%. Top performing sector: Emerging Markets. Risk exposure: Moderate. Management assessment: Favorable. This was the report that went to the board on July 15, 2008. It was accurate as of July 15. It was also completely, catastrophically wrong. --- Richard Blackwood was...
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