Bermuda-based Max Re Capital Ltd. has posted a bulletin, indicating that “third quarter 2006 earnings are expected to be impacted by an estimated US$35 million reduction in net gains stemming from trading losses in certain hedge fund investments.”
It gave no further details.
Was this article valuable?
Here are more articles you may enjoy.
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers 
Marsh McLennan Agency to Acquire The Horton Group 
Wall Street Pushes Back After Activists Escalate Protests 
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits 
