NEW YORK (Reuters) – Liquidity theory, which presupposes that markets gain or lose on changes to the sum of outstanding shares, is getting a live market test through a new hedge fund set up by its promoter, Charles Biderman.
The fund, which counts legendary technology banker Sandy Robertson as its biggest backer, was launched earlier this month into an increasingly crowded hedge fund world, where some 8,000 funds ply their strategies to produce out-sized gains.
