Word: traded
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...real estate market soured, credit default swap rates increased to 200 basis points, and Goldman stood to profit from the trade while Harvard, as a counterparty, suffered losses...
University spokesman John D. Longbrake said in an e-mail yesterday that this trade was part of an investment strategy that is "no longer pursued" at Harvard Management Company, which invests the University’s endowment...
...unclear how much Harvard lost on the trade...
...called the trade right, now monetize a lot of it," he added in the e-mail...
...professional troublemaker by nature and a haberdasher, boutique owner and rock-'n'-roll manager by trade, Malcolm lived life more as a "glorious accident" (a term he used to describe Sid Vicious) than as a strategic campaign. While McLaren was portrayed in the film Sid and Nancy as a cunning calculator who cons the media into giving the Sex Pistols publicity, Malcolm was more bewildered by the monster he created and more naive than he was ever credited for--except when it came to realizing how much money there was to be made. Pistols lead singer Johnny Rotten...