Size matters, it would seem, in the world of elite hedge fund managers. George Soros' Quantum Fund had its 2nd-best year on record, adding $5.5bn (22%) to the pound-breaking billionaire's horde and has now shifted above Ray Dalio's Bridgewater fund as the most successful hedge fund of all time. As The FT reports, since inception in 1973, Quantum has generated almost $40bn. Four other funds including Tepper's Appaloosa, Mandel's Lone Pine, and Klarman's Baupost also made more than $4 bn for their investors. Since they were set up, the top 20 hedge funds have made 43 per cent of all the money made by investors in more than 7,000 hedge funds.Zero Hedge
Soros Best In 2013, Tops Dalio With Massive $40 Billion Lifetime Gain
Submitted by Tyler Durden
2 comments:
So when you go to the bank to get a loan and they say no, what it means is that they would rather take their 0% MMT monies from the Federal Reserve Bank and then loan it out in emerging economies at 12% rates or more.
So Soros gets these banks as clients also ?
Does the bank forego lending to small business so that it can invest in these funds ?
I'd rather have had middle tier banks take over in 2008/2009 with creative destruction than have this sort of back door MMT.
Right ?
They get the credits at 0% via MMT and then they subvert the program and mitigate the sovereignty of the U$D they received by investing in Turkey.
Turkey is the industrial back room for Germany.
Therefore the US Banks loaned money to Germany via Turkey and thus have helped to finance the liquidity drain in Europe by building up Germany's surplus.
If they pull the plug on Turkey, then this is a push against Germany ... or is Germany insulated and fuse-protected ?
Germans running to the banks of Frankfurt .. laughing all the way ?
The EU/EZ is designed to protect Germany first and foremost.
Bernanke saved the EURO!
hip hip hurrah !
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