The Wall Street Journal writes today about Mark Hart III of Fort Worth, whose Corriente Advisors has apparently returned big profits to investors by capitalizing on economic woes in Europe.
They started a dedicated fund, the European Divergence Fund LP, to spend about $250 million in a wager against European debt. The fund’s message in a presentation to investors as the financial crisis intensified in 2008: European debt is “the other shoe to drop.”
