Dressing Up for Disaster

The formerly high-flying hedge fund industry, which is believed to have until recently managed US$2 trillion, is expected to shrink by half over the next few months. In September alone, investors pulled at least US$43 billion out of US hedge funds in September, and October is expected to be considerably worse. The Masters of the Universe who have been building houses as big as college campuses in the Hamptons in New York are starting to downsize.

Read →

Comments on this post are for paid subscribers