``The real fear has to do with just how many other funds and warehouses could be in trouble,'' said Jeremy Shor, who oversees about $3 billion in asset-backed bonds as a portfolio manager at Brown Brothers Harriman & Co. in New York. A warehouse is a credit line extended to funds to buy the securities.
And that's where the real potential problem lies. I don't know why this story broke publicly. However, it did and it highlighted the problem with one hedge fund.
But this isn't the only fund out there. And the real question now becomes, "how many other problems are out there waiting to happen?"