{"id":38201,"date":"2013-09-24T12:07:24","date_gmt":"2013-09-24T16:07:24","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=38201"},"modified":"2013-09-24T12:07:24","modified_gmt":"2013-09-24T16:07:24","slug":"the-cowboy-traders-behind-wall-streets-largest-hedge-fund-disaster","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2013\/the-cowboy-traders-behind-wall-streets-largest-hedge-fund-disaster.html","title":{"rendered":"The Cowboy Traders Behind Wall Street\u2019s Largest Hedge Fund Disaster"},"content":{"rendered":"<p>Financial Adviser &#8211; Larry Fink, founder of BlackRock, the New York-based investment management firm, asked a simple question: \u201cWhen you see aberrant success, you have to ask, \u201cDid I take too much risk?\u2019\u2019<\/p>\n<p>In spring 2006, Fink was \u201ctroubled by Amaranth Advisors\u2019 huge profits the previous fall when the hurricanes hit,\u2019\u2019 and, because Fink was alarmed by the hedge fund\u2019s earnings\u2019 volatility, \u201c(BlackRock) paid a 3 percent penalty fee to withdraw its holdings earlier than the date set in its contract,\u2019\u2019 writes Barbara T. Dreyfuss in Hedge Hogs The Cowboy Traders Behind Wall Street\u2019s Largest Hedge Fund Disaster.\u2019<\/p>\n<p><a href=\"http:\/\/www.fa-mag.com\/news\/hedge-hogs--the-cowboy-traders-behind-wall-street-s-largest-hedge-fund-disaster-15520.html?section=40\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Adviser &#8211; Larry Fink, founder of BlackRock, the New York-based investment management firm, asked a simple question: \u201cWhen you see aberrant success, you have to ask, \u201cDid I take too much risk?\u2019\u2019 In spring 2006, Fink was \u201ctroubled by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38201","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=38201"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38201\/revisions"}],"predecessor-version":[{"id":38202,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/38201\/revisions\/38202"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=38201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=38201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=38201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}