Captain Capitalism links to a Bloomberg report that 30% of hedge funds are supposedly going to be going out of business due to the downturn. Now pardon me for asking, but wasn't the purpose of hedge funds to be to "hedge" for crises such as this?
Seems like some fund managers needed to brush up on basics like "debt makes your assets more, not less, volatile."
Happy Independence Day
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As the nation creeps up on a 250th birthday, at a time when it’s better to
be a human being than at any time in recorded history, in large part due to
the ...
1 day ago
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