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Waterstone profits from convertible and credit trades
Shawn Bergerson's experience in prior convertible routs helped Waterstone make money in last year's rocky market. His winning streak continues in 2009.
By Britt Erica TunickThere are many reasons convertible and credit specialist Waterstone Capital Management has made good money this past year, but Lehman Brothers is not one of them. Having avoided exposure to the troubled investment bank throughout most of 2008, Waterstone decided just days before Lehman’s September 15 bankruptcy
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