Japan Earthquake: European Hedge Fund Loses $300 Million In 2 DaysMarch 28, 2011 12:58 pm
Whipsaw: ‘to reduce the capital of investors by frightening them into selling when stock prices are low and encouraging them to buy when prices are high.’
Thats exactly what happened to Phil Jabre. Business Insider Reports:
“Jabre set his hedge fund back six months when he bought Japanese stocks as soon as the earthquake hit, then sold them before the market zoomed upward.
In monetary terms, Jabre, the CEO of his eponymous $6 billion hedge fund Jabre Capital Partner, lost about $300 million.
Read more: http://www.businessinsider.com/philippe-jabre-japan-stocks-hedge-fund-losses-2011-3#ixzz1Htm71NUK
Statistics Source: Business Insider