Hedge Funds Deleveraging Too
Michael E. Brisky (December 12th, 2008) Writes:
According to Bloomberg, some of the brightest, most successful hedge fund managers got into trouble too.br /br /-span style="font-style:italic;"In the close-knit hedge fund community, where confessions of a mistake are rare, billionaires Louis Bacon, Kenneth Griffin and Paul Tudor Jones are retreating from borrowed-money bets, private equity and emerging market debt and championing more transparent stocks, bonds and currencies./span br /br /Hedge funds got into the same cycle of "everyone's doing it, so we need to to stay competitive." But with massive losses and forced selling due to fund redemptions, Hedge funds now will get back to basics, and this should help to stabilize the market a bit. br /br /I wrote about a href="http://briskycapital.blogspot.com/2008/08/are-hedge-funds-ruining-market.html"hedge funds and their potential problems this earlier this year/a. These funds help create asset bubbles with excess leverage, and they increase market volatility by swapping in and out of stocks and sectors ...
Tags for this Post:
Balter Capital Management LLC;, bloomberg, Boston, Brad Balter;, Energy Markets, FULL, Kenneth Griffin, Louis Bacon, Market Commentary, michael brisky, Paul Tudor Jones
Balter Capital Management LLC;, bloomberg, Boston, Brad Balter;, Energy Markets, FULL, Kenneth Griffin, Louis Bacon, Market Commentary, michael brisky, Paul Tudor Jones


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