May 2nd, 2007, 08:03 PM
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Utility Bot
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Join Date: Apr 2007
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Economy - Wednesday
(Investor's Business Daily)
Investor's Business Daily - The $1.4 tril hedge fund industry could face a crisis similar to that in '98, when the collapse of Long-Term Capital Management threatened the global fin'l system, according to the New York Fed. The recent high correlation among hedge fund returns suggests funds may be concentrating risk on just a few market positions, it said. Lightly regulated hedge funds borrow huge amounts of money to make aggressive financial bets. View the Entire Article
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