{"id":5909,"date":"2007-04-09T00:00:00","date_gmt":"2007-04-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"the-running-of-the-hedgehogs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2007\/the-running-of-the-hedgehogs.html","title":{"rendered":"The Running of the Hedgehogs"},"content":{"rendered":"<p>New York Magazine &#8211; <span class=\"drop\">N<\/span>ot so long ago, the talk about hedge funds was all about their money\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dsome guy you\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2d never heard of buying an $80 million piece of art or a $25 millionteardown in Greenwich, Connecticut, or paying himself $1 billion for a single year\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s work. It was a spectator sport, absurd but entertaining, to a degree. Then the talk started to get serious, like,were hedge funds artificially bidding up the price of oil? What about that deal where a single trader ripped through $6 billion on a bad hunch about natural-gas prices\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dshould that concern more thanjust the pissed-off people who entrusted him with their money? Or those two little bouts of panic the market has suffered this year already: Are hedge funds the virus that\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s going to make the marketskeel over? Are they an evil cabal? <\/p>\n<p>  &nbsp;<\/p>\n<\/p>\n<p>  Questions like this now come up in casual conversation, but those conversations run out of steam fast because, though plenty of people fake it, few know much about hedge funds, other than that they  made George Soros so rich he can influence world events and then everybody else wanted in. But as for what a hedge fund actually does\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dthe only ones who know work at them, and they don\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t talk about  it. Plus you never see them anymore because they\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re either in their caves or scuba-diving off Bora Bora.<\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/7-0&amp;fd=R&amp;url=http:\/\/nymag.com\/news\/features\/2007\/hedgefunds\/30341%3Fimw%3DY&amp;cid=1115217997&amp;ei=GVcaRtLJM5mQrQP31MGjCQ\"><strong>ReadComplete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Magazine &#8211; Not so long ago, the talk about hedge funds was all about their money\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009dsome guy you\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2d never heard of buying an $80 million piece of art or a $25 millionteardown in Greenwich, Connecticut, or paying himself [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5909","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5909","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5909"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5909\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}