Discussion in 'Wall St. News' started by WallStWhizKid, Apr 1, 2010.
The "usual suspects", shuffled around slightly.
Hedge Funds Make Hay
Published: April 3, 2010
Riding high on the bank bailout, hedge fund managers posted record paydays in 2009, according to an annual survey by AR: Absolute Return +Alpha magazine.
"Leading the pack, David Tepper of Appaloosa Management made $4 billion, in part by betting successfully that the government would bail out the big banks. John Paulson, of Paulson & Company, made $2.3 billion by buying back bank stocks he shorted in 2008. And a year after his fund received $200 million in the bailout of the American International Group, Kenneth Griffin of the Citadel Investment Group made $900 million."
I'm probably asking the obvious here but are the forex markets affected by the crashes and bailouts? You'd think they would be given that it is valued currency and all just wondering if the printing of money and market crashes will effect the rates because I'm pretty sure they did in the recent recession.
Separate names with a comma.