Hedge Funds Can Reduce Risk While Causing Ulcers
November 1, 1998Until recently, hedge funds were seen as cash machines for institutions and weal thy individuals. In some circles today, the term “hedge fund” may mean the quickest way to destroy wealth without using a bonfire or a shredder. But what is a hedge fund really, should an investor consider one, and how do you perform some reasonable due diligence? The “hedge fund” label is applied these days to the multitude …
Market Roller Coaster: Thrill Ride Or Train Wreck?
November 1, 1998Judging from the financial press at the time, Russia’s mid-August default and the ensuing swoon in global markets was a train wreck that inflicted potentially life-threatening wounds on our own economy. Six weeks after the Big Dive, however, Alan Greenspan administered a kiss that seemed to make it all better: He and his Federal Reserve brethren unexpectedly cut interest rates for the second time since the summer debacle. Markets from …
Professionals Play Monopoly
November 1, 1998With advanced education and privileged access to the movers and shakers of commerce, lawyers and accountants know first-hand how much wealth our free enterprise system generates. You might think these two learned professions would want to try a little free enterprise themselves. Apparently not. For all the talk about a brave new world in which capital glides between industries and across borders, it seems lawyers and CPAs will have to …
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