Ads
December 01, 2005
Hedge Funds Keep Making News
Off late, hedge funds have been in the news headlines following a string of mishaps. Long-Term Capital Management, a hedge fund whose principals included two Nobel Prize-winning economists, almost collapsed in 1998; and recently, Bayou Group, a $450 million Connecticut-based hedge fund, closed down following a fraud that led to disappearance of most of the fund’s money. Nytimes reports:
Hedge funds have traditionally been only for wealthy, sophisticated investors so regulators have not monitored them as they have stocks or mutual funds, although they are starting to do so.
--
Did you enjoy this post?
Comments
Post a comment
« Pension Funds Investing Heavily in Hedge Funds | Main | Fund of Funds: A Possibility for Retail Investors »
Syndicate
Comments