Friday, August 10, 2007

Vindication isn't so great.

Anyone who's read this blog before knows that I don't think much of hedge funds. Re: the Goldman story, this is of course unconfirmed as of this time. Perhaps it's not that bad. Nobody would want this to happen to folks.
Bloomberg.com: "Goldman's Global Alpha falls 26% in 2007, People Say" So, hedge funds are just a great way to go, huh? When the redemptions have been paid out, and the investors lick their wounds, how will they come back in? One of the hedge funds which come out relatively unscathed? This time. Or in a somewhat more traditional investment approach?

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