"I made money every time you place your Stop loss too close to ME"
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From Hot to Not: The 4 Stages Of A Hedge Fund
Just years ago, top hedge funders reigned as untouchable masters of the universe. We've come a long way, according to this week's Bloomberg Businessweek cover story from Sheelah Kolhatkar chronicling the downfall of the hedge fund. After years of scoring almost offensively huge profits, kingpins are returning investor money, finding themselves under greater legal scrutiny, and watching as the regular old S&P outperforms their once skilled market formulas. Kolhatkar provides us with the four-stage evolutionary life cycle of the hedge fund: "During the early period, when a fund is starting out, its managers are ... (full story)