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Hedge Funds Have Another $200 Billion to go to Complete Their “De-leveraging”
Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could get pretty narrow should the holiday shopping season get off to a rocky start later this week.
Investors yanked $40 billion from the $1.5 trillion hedge fund industry in October, a month in which market losses slashed industry assets by an additional $115 billion, Hedge Fund Research Inc., reported. A new survey of hedge fund managers conducted by Sanford C. Bernstein & Co. LLC found that 63%…
25Nov2008 | Money Morning | 0 comments | ContinuedInflation Goes Global
All bubbles end in busts…and the perp walk.
Two hedge fund managers were arrested yesterday. It was claimed that the two Bear Stearns boys deceived customers.
Oh stop it! We’re going to break a rib laughing….
Deceived customers? What is a hedge fund anyway? It’s a way for Wall Street to take money from investors who can’t do math. There’s no deception required. In fact, the funds’ names – High Grade Structured Credit Strategies Fund and High Grade Structured Credit Strategies Enhanced Leverage Fund – told investors all they needed to know. They practically screamed out: ‘SAY GOODBYE TO YOUR MONEY…IF NOT NOW,…
23Jun2008 | Daily Reckoning | Comments Off | Continued
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