|$40 billion Capital Raise|
|new tangible per share||9.47||7.32|
Even raising $40b at $3 per share (lower than the March 2009), tangible book would still be over $7 per share and investing today at $5 would likely work out well in the long run. It appears that Mr. Market has already priced in a very poor outcome.
Prescience Partners returned 6.75% for the second quarter, underperforming the S&P 500's 8.55% return but coming out ahead of the Barclay Equity Long/ Short Index's 2.62% return. However, for the first six months of the year, Prescience is up 30.66%, doubling the S&P's 15.25% return and smashing the Barclay Equity Long/ Short Index's 9.27% return. Read More