oct 31st, 2008
this is way cool. reminds me of george soros' relentless attack ont he british pound; or the unsuccessful 'corner' of the silver market that the hunt brothers attempted some time ago. yes, it is hard to feel bad for hedge funds, but let us remember our pension funds have been investing in hedge funds :-(
also, i guess there's a regulatory failure: porsche should have been forced to reveal its stake earlier. otherwise there's too much information asymmetry, not a good thing for a market which is supposed to have no information arbitrage opportunities.
http://www.economist.com/displaystory.cfm?story_id=12523898&fsrc=nwl
1 comment:
I don't think many of pension funds invest in hedge funds. As of 2006, around 24% of pension funds were investing in HF, and the assets allocated were around 2-3%.
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