FRIDAY DECEMBER 28
Rude Awakening

Despite the fact that most hedge funds defied the odds to boast a hella good year (returns were up roughly 12% through November, FYI) traders are finding that doesn’t necessarily insulate them from the newfound stinginess of lenders who, only months ago, fell all over themselves to help them leverage up or short a stock. A quick look at who’s getting the gravy – and who’s getting the shaft – in this tough new pecking order.

December 2007

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