Citadel Takes Over Most Sowood Assets After 50% Loss

[atticus]

Quote from marketsurfer:

no. you are very wrong here, hedge fund is for YOU the client to HEDGE your PORTFOLIO. Hedge funds normally don't hedge themselves but rather shoot for outsized gains. a hedge fund should only be used by you to HEDGE your other investments--or potentially as a high risk/high return portion of your assets.

regards,

surf

Not really Surf. The term hedge originated through the convert arb and long/short fund styles. It was to define the fund, not the client.

 

[kinggyppo]

Quote from atticus:

Yes, Yoda. Citadel seems to be making all the $$ as an MBS vulture.

Me thinks Griff is a shark like old Warren.

 

[marketsurfer]

Quote from atticus:

Not really Surf. The term hedge originated through the convert arb and long/short fund styles. It was to define the fund, not the client.

yes, the original meaning, your correct. but now, most hedge funds should be thought of as a hedge for the client and/ or a high risk/high reward play--retaining the integrity of the term..

otherwise, what's the point when there are far safer ways to match market returns.
surf

 

[ryan_hall]

When will this shit stop..

 

[nkhoi]

Quote from Alex_in_Oz:

A VERY significant event this is.

it's relative, for example

One thing is certain about the Iraq war: It has cost a lot more than advertised. In fact, the tab grows by at least $200 million each and every day.

-Martin Wolk
Chief economics correspondent