Investor's Business Daily - The $1.4 tril hedge fund industry could face a crisis similar to that in '98, when the collapse of Long-Term Capital Management threatened the global fin'l system, according to the New York Fed. The recent high correlation among hedge fund returns suggests funds may be concentrating risk on just a few market positions, it said. Lightly regulated hedge funds borrow huge amounts of money to make aggressive financial bets.
Source: http://rss.news.yahoo.com
No comments:
Post a Comment