"Hedge funds are the worst plague in capital markets. First they destroy the dynamics of Oil and Natural gas markets. Then it has been Gold and Silver. What's next?
No wonder hedge funds have not really made money for its investors. It is just a club of people acting out their fancies at the expense of naïve investors money who could use a dollop of common sense...."
If you haven't done so, you must read When Genius Failed : The Rise and Fall of Long-Term Capital Management
which describes how nobel prize winning Math professors started a Hedge Fund and lost their shirts!
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