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TUESDAY NOVEMBER 04
Even The Winners Get Unlucky Sometimes (With apologies to Tom Petty...) There’s been a lot more bad news today, not the least of which involves Treasury mulling putting its $700 billion of mad money toward a no-holds-barred U.S. any-company buying spree, but we’ll try and spare you the eye-crossingly, mind-numbingly boring details. Right now, the hardest pill to swallow for us is learning that funds that have successfully managed to keep themselves out of hot water are, nonetheless, suffering for the sins of their lesser brethren. Hear the tale of Blue Mountain Capital Management, a $5.5 billion credit hedge fund that admits its investors are pulling out – but not because of anything it did wrong. November 2008New User?Sign up to get free access to TraderDaily.com
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