"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Thursday, April 3, 2008
The Hedgies Are Stumped
Dealbook is reporting that many hedge fund managers, in recent letters to shareholders, are conceding that they have little idea what is in store for the markets. Some are directly conceding that "We do not know what will happen with the economy or the markets." John Bogle at Vanguard, and other like firms, should probably put quotes like this on their index fund product brochures.
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