economist.com - 10/16/2008
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WHAT, exactly, is going on? This whole global bail-out thing was supposed to turn the crash into a soothing gradual bear market, and yet volatility indexes remain off the charts, and 10% swings are, if anything, increasing. What's the deal?
One important issue that we continue to mention is ...
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Thursday links: the great hedge fund unwind
Abnormal Returns —
... Thanks again to every for all the kind words on our third blogiversary. Now on to the linkfest…
“Right now, it seems, everyone is bragging about how much they are holding in cash.” (WSJ.com)
The great hedge fund unwind continues apace. (Free exchange, Infectious Greed, Dealbreaker)
Citadel Group fights off the rumors of imminent demise. (ChicagoTribune.com, ...
Hedge Fund Liquidation $400 Billion?
Toro's Running of the Bulls Market Blog —
If so, the decline in stocks is not over. From Free Exchange JPMorgan Chase has estimated that hedge fund outflows could total up to
$150bn over the coming year. As investors take their money out of hedge
funds, the funds have to sell assets. But because they ...
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