Bayou HF disaster gets more interesting

Quote from tomcole:

So much for the theory that hedgies are the trading gods of the world
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a lot of them made it in the information arbitrage game few years back, including cramer :-), these days much tougher
 
This was a ponzi from day one according to the articles I've read. So because he calls it [insert name here] capital mgmt, that makes it a hedge fund? and because the ponzi blew up that makes hedge funds bad?

Perfectly logical.
 
Quote from ktm:

This was a ponzi from day one according to the articles I've read. So because he calls it [insert name here] capital mgmt, that makes it a hedge fund? and because the ponzi blew up that makes hedge funds bad?

Perfectly logical.
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must have been a good ponzi if the guy raised 300mil.
HFs are hedge funds like with everything else homework needs to be done.
 
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