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Select Investors Win Big On Bear's Downfall

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First Posted: 03-20-08 03:40 PM   |   Updated: 03-28-08 05:12 AM

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Read More: Bear Stearns, Greenlight Capital, Harbinger Capital Partners, Hedge Funds, Joseph Lewis, Paulson & Co, Tremblant Capital Group, Wall Street, Wall Street Investors, Business News
Bear Stearns

The collapse of Bear Stearns Cos. dealt a severe blow to investors, from big names like billionaire Joseph Lewis to thousands of employees of the brokerage firm.

But there's one group trying to contain their joy amid all the gloom on Wall Street: Investors who placed big bets against Bear Stearns.

Large hedge funds -- including Harbinger Capital Partners, Greenlight Capital, Tremblant Capital Group and Paulson & Co. -- made millions of dollars as Bear Stearns's shares tumbled and various bearish positions rose in value, according to securities filings and people close to the firms.

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The collapse of Bear Stearns Cos. dealt a severe blow to investors, from big names like billionaire Joseph Lewis to thousands of employees of the brokerage firm. But there's one group trying to conta...
The collapse of Bear Stearns Cos. dealt a severe blow to investors, from big names like billionaire Joseph Lewis to thousands of employees of the brokerage firm. But there's one group trying to conta...
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