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Hedge fund giant Louis Bacon is set to return $2B, about 15% of AUM, back to investors following...

  • Wednesday, August 1, 2012, 11:00 AM ET
    Hedge fund giant Louis Bacon is set to return $2B, about 15% of AUM, back to investors following more than a year of poor returns. With tightly correlated markets swinging together based on what some politician or central banker utters, what's a global macro player to do? "The political involvement is so extreme - we have not seen this (in) the post-war era."
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This news story has 4 comments:

  •  
    Pretty soon the only player left in the market will be only the govt.

    They can have it, in all it's false glory.
    1 Aug 2012, 11:04 AM Reply Like
  •  
    Hes right...Economics are out..its all Central Bankers now..
    1 Aug 2012, 11:07 AM Reply Like
  •  
    and yet in the fairyland world of cnbc everyday the praises of the market and the recovery are sung - "stocks are cheap" there is a "housing bottom" "everything is fine"
    1 Aug 2012, 11:40 AM Reply Like
  •  
    Everybody should listen to the former UDSSR anthem. It's a nice piece of music.
    1 Aug 2012, 12:12 PM Reply Like
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