Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Mighty Hedge Funds Go Fetal

Post columnist David Ignatius has a good look today at the smarter-than-thou "alpha" hedge funds who thought they could manage risk so expertly as to make it simply vanish.


Hedge funds -- typically private, open to select investors who put in a large amount of money -- are in real trouble.

In September, $43 billion drained from hedge funds, as investors wanted their money back so they could convert it into cash, creating the biggest one-month drop ever in hedge fund value.

So far this month, hedge funds have lost an average value of an additional 8.4 percent, according to Hedge Fund Research.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  October 30, 2008; 2:34 PM ET
Categories:  The Ticker  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Goodbye, Moto: 3,000 Layoffs at Motorola
Next: Saving the Farms

No comments have been posted to this entry.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company