Wireless News
10-31-2013, 06:09 PM
, the Canadian property and casualty insurer run by investment guru Prem Watsa, said on Thursday it fell to a third-quarter loss due to equity hedges that lost money in a rising market. The Toronto-based company, which is leading a $4.7 billion bid for smartphone maker Blackberry That compared to a year-earlier net investment loss of $23.6 million. Fairfax Chief Executive Watsa hedged the company's stock portfolio in 2010, convinced that global equity markets had further to fall.
More... (http://news.yahoo.com/fairfax-financial-takes-loss-investments-211739498--sector.html)
More... (http://news.yahoo.com/fairfax-financial-takes-loss-investments-211739498--sector.html)