Leverage

Recent “hedge” fund trauma marks the end of hedge fund mania. The risk in quantitative models: Never bet the entire farm on any statistical model when the unpredictability of the human factor is involved.

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The downside of leverage...lesson better off learned early in one's career, rather than later. Expanding our emerging Asia Pacific coverage to include ADRs. Observations from a Russian visit.

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Is sophisticated the same as smart? Market neutral operations are supposed to involve little or no market risk, so how could the entire asset base go down the drain?

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