Unmanageable Money: Hedge Funds Keep Losing (And Closing) - Why It Matters
Submitted by John Rubino via DollarCollapse.com,
How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you don’t.
Hedge funds, generally the most aggressive species of money manager, do a lot of “black box” trading in which bets are placed on previously-identified patterns and relationships on the assumption that those patterns will repeat in the future.