The fund incurred large losses because of the bankruptcy, plunging it into  4  BIS Review 74/2009  Some argue that there may be an excessive maturity mismatch on financial institutions’ balance sheets as a background factor that triggered the liquidity crisis.
Certainly, a close observation of the facts in the current financial crisis exposes not only the maturity mismatch but also the "liquidity uncertainty" that is the fundamental risk inherent in all financial instruments. It is a truism that liquidity is largely unrecognized while it exists and only understood once it disappears.