Hedge Fund News
Filed in archive Hedgetalk on October 27, 2006
There is some interesting stuff going on in the world of hedge funds. First of all, Charles Schmitt gets a four year sentence for perpetuating hedge fund fraud. StreetInsider reports that hedge fund assets hit $1.34 trillion. Yes, that is trillion with a 't'. And finally, in what is by far the strangest news of the week, Phil Goldstein is claiming that reports detailing his investment holdings violate his Fifth Amendment rights. I don't think the SEC will buy it.
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Response from:
Tom
(11/06/06 11:18pm)
Very good work. Learning a lot about hedge funds from you! Just to let you know this: I ran into an exciting book: China and the new world order: how entrepreneurship, globalization, and borderless business are reshaping China and the world, written by the outspoken Chinese journalist George Zhibin Gu. It is a must read, for it has great stories on how hedge funds made billions buying into distressed Chinese banks, among other things.
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