Man Investments, the world’s largest hedge fund, with $67 billion in assets under management, believes the subprime crisis will worsen as large investors look to sell off large positions, The Australian reports. But solvent lenders will be make for good investments, said John Morrison, CEO of a division of the Australian arm of Man Investments.“After a month like August, or October 1987, you see the problems very close, and then you see the opportunities,” Morrison said.
“Is it over yet? I don’t think so, but let’s see how things unfold,” Morrison said. “A lot of people have got some very large positions that need to be unwound. Who is going to unwind these positions?”