Re: How have hedge funds weathered the credit crisis?

Question: How have hedge funds weathered the credit crisis?

Thomas Cooley:  Well, again, some of the hedge funds are doing very well.  The hedge fund that bet against mortgages that sort of made big bets against sub-prime lending, did phenomenally well.  And many of the others did very well also.  So Renaissance Technologies, for example, which is a quantitative hedge fund, had a banner year.  So they made lots of money.  A lot of people thought that the problems-- that risks of the credit markets were going to come from hedge funds.  Instead they came from investment banks and other banks.  And so, I think there will be though, at the end of this process, a bit of a shakeout in the hedge fund industry.  We'll see a lot of the less successful, weaker funds, going out of business.  I don't think we've seen all the losses yet, so.

Recorded: 3/21/08

 

The ones that bet against mortgages did phenomenally well, Cooley says.

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Think you’re bad at math? You may suffer from ‘math trauma’

Even some teachers suffer from anxiety about math.

Image credit: Getty Images
Mind & Brain

I teach people how to teach math, and I've been working in this field for 30 years. Across those decades, I've met many people who suffer from varying degrees of math trauma – a form of debilitating mental shutdown when it comes to doing mathematics.

Keep reading Show less

A world map of Virgin Mary apparitions

She met mere mortals with and without the Vatican's approval.

Strange Maps
  • For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
  • These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
  • Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Keep reading Show less

How KGB founder Iron Felix justified terror and mass executions

The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.

Getty Images
Politics & Current Affairs
  • Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
  • The Cheka was infamous for executing thousands during the Red Terror of 1918.
  • The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
Keep reading Show less