{"id":9616,"date":"2009-01-13T00:00:00","date_gmt":"2009-01-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"high-waves-in-market-sink-even-legendary-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/high-waves-in-market-sink-even-legendary-hedge-funds.html","title":{"rendered":"High waves in market sink even legendary hedge funds"},"content":{"rendered":"<p>Tacoma News Tribune &#8211; Year after year, the hedge fund industry dazzled Wall Street by delivering &ldquo;absolute returns&rdquo; &ndash; outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with eye-popping returns that carried seemingly moderate risk. <\/p>\n<p>Not these days. Blind-sided by a colossal market collapse and the widening Bernard Madoff scandal, hedge funds suffered their worst showing on record last year. And they&rsquo;re bracing for more pain in 2009. The industry&rsquo;s fall proves that even the quantitative brilliance and market wizardry of elite hedge funds are no magic bullet for investors during brutal times.<\/p>\n<p>&ldquo;Hedge fund managers have always said, &lsquo;Look, we know how to make money even in difficult times,&rsquo; and that turns out to be a fallacy,&rdquo; said Timothy Brog, portfolio manager of New York-based hedge fund Locksmith Capital Management.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.thenewstribune.com\/business\/v-lite\/story\/593030.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tacoma News Tribune &#8211; Year after year, the hedge fund industry dazzled Wall Street by delivering &ldquo;absolute returns&rdquo; &ndash; outsized profits whether markets rose or fell. Using sophisticated trading models, the pools of managed capital made wealthy people wealthier with [&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":[574,4331,5633,5628,1913,5630,5632,720,5634,5629,5627,4097,1225,209,4590,3356,5631],"class_list":["post-9616","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-absolute-returns","tag-bernard-madoff","tag-brilliance","tag-brog","tag-capital-management","tag-difficult-times","tag-fallacy","tag-fund-managers","tag-how-to-make-money","tag-magic-bullet","tag-market-collapse","tag-moderate-risk","tag-pools","tag-portfolio-manager","tag-scandal","tag-tacoma-news-tribune","tag-wizardry"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9616","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=9616"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9616\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}