RE:MMCAP will soon get an other interest paymentHere is MMCAP Fund Inc mission statement.........(‘the Fund’) seeks to exploit market inefficiencies to achieve high risk-adjusted returns for investors. The Fund’s primary focus is on merger arbitrage, private placements and other event driven special situations that provide superior risk-adjusted returns. The Fund managers use market neutral hedging strategies to ensure little exposure to market movements, resulting in absolute returns that are independent of the direction of the market. The Fund targets less followed transactions that are not widely covered in the media or by other hedge funds. The investment team employs a strict risk management policy and the portfolio is constantly monitored to ensure concentration, deal downside and leverage do not exceed the Fund’s parameters.
Is it possible some of these hedge firms buy high when they know the company is going to fail, and then in circemvented ways, short the company as it fails, and then some how make all their money back...