Article

2008-12-16 Home Front Economy

Third of Hedge Funds Face 'Wipe Out' After Slump, Godden Says

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2008-12-16 00:00|| || Front Page|| [11132 views ] Top

#1 Cry me a river.
What's the buy-in for a hedge fund?

Posted by bigjim-ky 2008-12-16 01:16|| 2008-12-16 01:16|| Front Page Top

#2 That "1.5 trillion dollar industry" is all air, just numbers in a spreadsheet. Hedge funds don't create value, they game the system. It's a wonder that they're legal.

Posted by gromky 2008-12-16 02:34|| 2008-12-16 02:34|| Front Page Top

#3 ..is all air, just numbers in a spreadsheet.

Which will be up and running again in the Donk sponsored carbon-tax scheme.

Posted by Procopius2k 2008-12-16 07:16|| 2008-12-16 07:16|| Front Page Top

#4 Those cunning hedge funds! Bastions of rich money! They should be outlawed! No profit for you!

Lawz.

Posted by Mike N. 2008-12-16 10:17|| 2008-12-16 10:17|| Front Page Top

#5 Nice to see the Rantburg Populist Front is alive and well.

Posted by Pappy 2008-12-16 12:59|| 2008-12-16 12:59|| Front Page Top

#6 Hehehehahaha, Wipe Out!

Posted by GolfBravoUSMC 2008-12-16 13:13|| 2008-12-16 13:13|| Front Page Top

#7 Risk - somebody wins somebody looses somebody breaks even..

1/3 sounds fair.
1/3 win, 1/3 lose, 1/3 break even.

Posted by 3dc 2008-12-16 13:19|| 2008-12-16 13:19|| Front Page Top

#8 Nobody is going to feel sorry for the wealthiest 1% of Americans that use private unregulated investment vehicles to achieve jaw dropping returns by dubious means.
That's the reality.

Posted by bigjim-ky 2008-12-16 13:24|| 2008-12-16 13:24|| Front Page Top

#9 Wonder how Soros is faring? A wipeout couldn't happen to a nicer guy.

Posted by Danielle 2008-12-16 17:13|| 2008-12-16 17:13|| Front Page Top

#10 Soros is doing very well.
Sorosfaces Congress over hedge funds' role in meltdown
The quintet including John Paulson, who made $3.7bn (£2.49bn) last year betting against the US mortgage market were grilled over their roles in buying unregulated derivatives products, which some politicians believe contributed to the financial markets' meltdown.

The men, who each earned more than $1bn each last year, were called to account by Democratic Congressman Henry Waxman, who chairs the House committee on oversight and government reform.

Last I read, Soros was up $3-4 billion on his bets of a mortgage meltdown.

Posted by ed 2008-12-16 18:36|| 2008-12-16 18:36|| Front Page Top

#11 Last I read, Soros was up $3-4 billion on his bets of a mortgage meltdown.

Bottom line, in a decent world he wouldn't be able to use his brain to make money off the rest of us. He'd be living in the next trailer and standing in the same lines. I mean it just ain't right!

Hell, let't take his dough and eat heeeeem!

Posted by .5MT 2008-12-16 18:52|| www.cybernations.net]">[www.cybernations.net] 2008-12-16 18:52|| Front Page Top

23:53 tu3031
23:30 rjschwarz
23:26 Frank G
23:21 rjschwarz
22:54 Alaska Paul
22:45 USN,Ret.
22:40 JosephMendiola
22:33 bigjim-ky
22:30 bigjim-ky
22:29 JosephMendiola
22:25 bigjim-ky
22:22 bigjim-ky
22:18 JosephMendiola
22:17 bigjim-ky
22:12 JosephMendiola
22:11 bigjim-ky
22:09 USN,Ret.
22:06 JosephMendiola
22:03 JosephMendiola
22:01 no mo uro
21:55 bigjim-ky
21:53 mhw
21:43 Pliny Angavitle1111
21:40 lotp