The darlings of the financial world in the last few years have been hedge funds. Many though have been going out of business in the past 18 months and I believe more will in the next few years.
This morning The Ospraie Fund a $3.8 billion commodity fund is shutting down. They are down about 38% YTD and LEH owns 20%. LEH seem to own a number of worthless entities lol.
I do believe we are at the beginning of the implosion of the hedgies.
MARKETJEDI
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