EM Hedge Fund Greylock Files for Bankruptcy

Greylock filed for bankruptcy protection in New York after three years of losses and investor withdrawals. The company, once prominent during the Greek debt crisis, faced challenges due to a general meltdown in emerging market bonds and the impact of COVID-19. Despite a peak in 2017, Greylock's assets under management significantly declined, leading to a Chapter 11 filing aimed at terminating its expensive Midtown office lease. The company plans to relocate to Stamford, CT, and continue operations.

What prompted Greylock to file for bankruptcy protection in New York?

• An expansion into new global markets

• A successful investment in emerging markets

• Three years of financial losses and investor withdrawals

• A sudden increase in asset value

Which global financial crisis was Greylock notably involved in?

• The Asian Financial Crisis

• The Greek Debt Crisis

• The 2008 Financial Crisis

• The Dot-com Bubble

What was a significant factor in Greylock's financial decline?

• A surge in new investments

• An increase in employee numbers

• A general meltdown of emerging market bonds

• A rise in global bond prices

What was Greylock's asset value at its peak in 2017?

• 2 billion

• 1.1 billion

• 450 million

• 100 million

What is the primary goal of Greylock's Chapter 11 bankruptcy filing?

• To terminate its lease and reduce costs

• To expand its office in Midtown

• To invest in new markets

• To increase its workforce