Posted AT 10:54 PM EST on 12/10/08
Hedge funds lose their edge
ROME — Hedge funds were adept at making money, and lots of it, in any market – up, down, sideways. They would sell short, buy long and use put options for protection. Great gobs of leverage were used to amplify returns.
In spite of notable blowups – Long Term Capital Management and Amaranth come to mind – hedgeland was paradise for many years. Double-, even triple-digit returns were routine. The $2-trillion (U.S.
The full text of this article has 829 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
