MONDAY MARCH 03
Hedgies Fight Back

As things stand, the conventional wisdom is that no sooner will hedge funds be allowed to have Web sites and behave as proper businesses do than toothless grandma Nell from the country will lose the whole of her retirement savings by betting the house on interest-rate swaptions. Here’s what’s wrong with conventional wisdom, according to Phil Goldstein, the brassy hedge fund manager now suing the SEC.

March 2008

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