June 12, 2006
Hedge Funds: Big gains, bigger losses
The hedge fund industry has literally exploded in size in the past three years; going from about $500 billion U.S. just back in 2003 to over a $1 trillion U.S. last year. And the most interesting aspect is the increase in the number and types of investors who have begun putting their money into hedge funds. Hedgefundcenter.com reports:
Welcome to the world of extreme leverage and to the world of hedge funds where performance numbers tend to be eye popping whether the numbers are positive or negative ones.
Read more: Hedge Fund Follies
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