Posted on 12/09/2011 12:29:44 AM PST by TigerLikesRooster
Hedge Funds Braced for Worst Year Since 2008
Published: Thursday, 8 Dec 2011 | 7:31 PM ET
By: Sam Jones in London and Dan McCrum in New York
Hedge funds are set to rack up their second-worst year in two decades after taking a beating from the eurozone crisis and an unexpected slowing in global economic growth.
The average hedge fund manager has lost 4.37 percent in the year to the end of November, according to data just released by Hedge Fund Research — losing money in six of the past seven months. Only in 2008, following the collapse of Lehman Brothers, did the industry fare worse.
High volatility and correlation have wrongfooted even the most skilled of traders.
Managers such as U.S.’s Paulson & Co and Highbridge of the U.S. or the U.K.’s Lansdowne and Odey have failed to recover double-digit percentage losses for some of their funds suffered in August and September.
(Excerpt) Read more at cnbc.com ...
P!
” The average hedge fund manager has lost 4.37 percent in the year to the end of November,”
I can feel the peanut butter trying to pump through my heart
especially when I see 14 million like me have lost 100% in the same time frame
There is only one way to address this. The hedge fund managers have to roll up their sleeves, sharpen their pencils, and get on the phone begging for another bailout.
By definition “hedge Fund” means “risky”. High potential loss vs high potential gain. When you lose you lose... learn a lesson or better luck next time. And yes, one of the risks with any investment is government intervention up or down. Look at those who lost money on GM bonds thanks to Obama's “rescue” of the union pension funds at their expense. There's a real crime.
Wow. I guess Chelsea got out of the Hedge Fund business just in time. I wonder of Hillary! made another $100,000 before this impending collapse.
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