Thursday, October 23, 2008
Hedge fund withdrawls, leverage, and future job prospects
Citadel Hit Hard as Hedge Fund Withdrawals Continue - Seeking Alpha: "The chief executive of a leading alternative investment manager said he expected the hedge fund industry to shrink by 50 per cent in coming months – with half the decline coming from withdrawals and half coming from investment losses.Even if that prophecy only becomes partially true, that is a massive amount of deleveraging,
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