{"id":6526,"date":"2007-09-11T00:00:00","date_gmt":"2007-09-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"merle-hazard-sings-the-hedge-fund-blues","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2007\/merle-hazard-sings-the-hedge-fund-blues.html","title":{"rendered":"&#8216;Merle Hazard&#8217; sings the hedge-fund blues"},"content":{"rendered":"<div class=\"inside-copy\">  USA Today- Nashville singer Merle Hazard knows a thing or two about loss \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d financial loss, that is.<\/div>\n<p class=\"inside-copy\">  Hazard, a down-home country crooner \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d an &#8220;alter ego&#8221; of a Music City investment guru with an aptitude for price-earnings ratios, put options and financial leverage \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d is using the power of music and  parody to tell a now-familiar modern tale of American tragedy: a risk-lovin&#8217; hedge fund manager who watches his beloved fund go belly up.<\/p>\n<p class=\"inside-copy\">  The song <em>H-E-D-G-E<\/em> (based on the tune <em>D-I-V-O-R-C-E<\/em> by the late, great Tammy Wynette) is spreading like a virus on the social-networking site YouTube. Hazard, clad in his Sunday  best cowboy threads, dedicates the tune of hedge-fund heartache to &#8220;the hardworking men and women on trading desks all across America.&#8221; (Watch it at <a target=\"_blank\" href=  \"http:\/\/www.youtube.com\/watch?v=LtcnXLDnXvs\">www.youtube.com\/watch?v=LtcnXLDnXvs<\/a>)<\/p>\n<p class=\"inside-copy\">  Just as it went down on Wall Street, Hazard sings about how his once-wealthy hedge fund skidded into bankruptcy after bets on mortgage-backed CDOs (securities) with mostly borrowed money went bad.  &#8220;I was leveraged 10-to-1,&#8221; the singer croons. &#8220;But it should have been 2 or 3. Oh, how I wished I had a working H-E-D-G-E.&#8221;<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/www.usatoday.com\/money\/markets\/2007-09-09-merle-hazard_N.htm&amp;cid=0&amp;ei=Uz_mRrfEDouaqgOgwayKCQ\"><strong>Read CompleteArticle<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USA Today- Nashville singer Merle Hazard knows a thing or two about loss \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d financial loss, that is. Hazard, a down-home country crooner \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d an &#8220;alter ego&#8221; of a Music City investment guru with an aptitude for price-earnings ratios, put [&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-6526","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6526","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=6526"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6526\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}