Ep. 1165: Big Events with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Nederhofer Intermarket Fund, LP, Limited Partners, and Nederhefer Global Systems SA, Bellied Up
Victor Nederhofer lost an estimated 50 to 100 million dollars on Monday, October 27, 1997. His three hedge funds were unable to meet minimum capital requirements for the maintenance of their margin accounts. To this day in 2017, if you drive around Bangkok, Thailand or Kuala Lumpur, Malaysia, you can still see unfinished skyscrapers left as artifacts of yet another financial implosion.
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