Notes
Introduction
1. Bloomberg News, “BlackRock Inc. buys Barclays unit to become the world's largest money manager; manages $2.7 trillion.” Friday, June 12, 2009. http://www.nydailynews.com/money/2009/06/12/2009-06-12_blackrock_inc_buys_barclays_unit_to_become_worlds_largest_money_manager_manages_.html.
2. Accredited Investors—http://www.sec.gov/answers/accred.htm.
3. Ibid.
Chapter 1 Hedge Fund Basics
1. Wall Street Journal, “Tiger Fund Has September Loss of $2.1 Billion,” Wall Street Journal, September 17, 1998, C1.
2. These numbers were verified with Tiger Management's spokesman Fraser Seitel of Emerald Partners Communications Counselors on December 15, 1998.
3. The profit would be slightly less because there is some cost associated with the use of leverage.
4. Diana B. Henriques, “Fault Lines of Risk Appear As Market Hero Stumbles,” New York Times, September 27, 1998, 1, 28.
5. This is the only firm to earn money on its investment. Many firms made a lot of money trading with Long-Term Capital as their broker.
6. Diana B. Henriques, “Fault Lines of Risk Appear As Market Hero Stumbles,” the New York Times, September 27, 1998, 1, 28.
7. BarclayHedge, Ltd.–http://www.barclayhedge.com/research/indices/ghs/Hedge_Fund_Index.html.
8. http://www.independent.co.uk/news/business/news/wall-streets-golden-boy-paulson-loses-some-glister-1895962.html.
9. http://www.finalternatives.com/node/11381.
10. There is no one source for data on the hedge fund industry; there is only speculation since, ...
