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How one of the world's oldest hedge funds went bankrupt: Interviews and court documents depict the stunning collapse of George Weiss's firm https://t.co/MQL3L9o4py
How one of the world's oldest hedge funds went bankrupt: Interviews and court documents depict the stunning collapse of George Weiss's firm - tremendous reporting and story from @parmarhema https://t.co/CjkgbEZwB4
Here's how one of the world's oldest hedge funds went bankrupt https://t.co/FrNAqI56o1 via @parmarhema @markets #HedgeFunds
One of the world's oldest hedge funds, Weiss, has gone bankrupt. The collapse was not due to a disastrous trade but rather years of high spending that the firm failed to rein in. At its peak in 2021, Weiss managed $4 billion and had at least 110 employees, with offices in three cities. Interviews and court documents reveal the stunning downfall of George Weiss's firm. The news of the bankruptcy was reported on 2024-05-14.
