{"id":8936,"date":"2008-10-23T00:00:00","date_gmt":"2008-10-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"heyday-of-hedge-funds-is-over-citadels-ken-griffin-predicts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/heyday-of-hedge-funds-is-over-citadels-ken-griffin-predicts.html","title":{"rendered":"Heyday of hedge funds is over, Citadel&#8217;s Ken Griffin predicts"},"content":{"rendered":"<p>Chicago Tribune &#8211; &quot;The key change in the next decade is that policymakers around the world have chosen the winners and losers,&quot; Griffin said at a Wednesday panel. &quot;The winners are the banking system.&quot;<\/p>\n<p>By selecting commercial banks to become the centerpiece of the financial industry, the government closed the era of investment banks and hedge funds with highly leveraged balance sheets.<\/p>\n<p>That should translate into safer and more conservative investing choices, but also less innovation by financiers and higher interest rates for borrowers, he predicted.<\/p>\n<p>As roughly 8,000 hedge funds respond by reducing the size of their multitrillion-dollar balance sheets, their role in the system will inevitably be diminished, Griffin said.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.chicagotribune.com\/business\/chi-thu-griffin-oct23,0,3697703.story\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chicago Tribune &#8211; &quot;The key change in the next decade is that policymakers around the world have chosen the winners and losers,&quot; Griffin said at a Wednesday panel. &quot;The winners are the banking system.&quot; By selecting commercial banks to become [&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":[75,2665,410,996,2833,3340,3342,1153,1440,316,3341],"class_list":["post-8936","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bear-stearns","tag-ccm","tag-currencies","tag-data-group","tag-european-exchange","tag-exact-nature","tag-executive-director","tag-fund-balance","tag-market-stability","tag-mortgage-lenders","tag-sculptor"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8936","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=8936"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8936\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}