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Old 06.12.2018, 10:05
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This Swiss Village Bet on Hedge Funds and Lost

Interesting article today on Bloomberg about small Pfaeffikon's ups and downs related to jobs in the hedge fund industry.

https://www.bloomberg.com/news/artic...funds-and-lost
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Old 06.12.2018, 10:08
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Re: This Swiss Village Bet on Hedge Funds and Lost

Happened to a lot of towns in the last years
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Old 06.12.2018, 12:26
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Re: This Swiss Village Bet on Hedge Funds and Lost

The irony of it all is the village invested money in the hedge fund manager that was located in their town, ie they were already exposed to the company's fortunes but doubled down by putting money in as well. A "hedge" would have meant putting spare cash into something very different.
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