The Model Room ยท MR-035

HE SENT THE ANALYSIS ON AUGUST 6TH. THE CIO READ IT AT 9AM. FOURTEEN FUNDS HELD THE SAME FORTY POSITIONS.

On August 6, 2007, Marcus Chen sent an urgent analysis revealing that fourteen funds held identical positions in the same forty stocks. When Gerald Hirsch, the CIO, finally read it, a selloff was underway, leading to a staggering loss of $18 billion across the affected funds.

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