Subprime Prescience at MetLife
December 06, 2007
| about: MET
-
Font Size:
-
Print
- TweetThis
WSJ's Lavonne Kuykendall quotes Steven Kandarian, MetLife's (MET) CIO:
Mr. Kandarian said MetLife identified the risk from subprime loans early and stopped buying subprime mortgage-backed securities rated single-A and below in late 2004.
Note that MetLife's fund managers aren't the kind of people who get huge bonuses for outperforming by a few basis points in a quarter, or who get fired if they don't. They're real-money, long-term investors who buy and hold securities they've looked closely at and believe in. Here endeth the lesson.
Related Articles
|


























