The Fund Blew Up and Investors Are Still Up 80% for the Year
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The Fund Blew Up and Investors Are Still Up 80% for the Year
Jim Bianco of Bianco Research calls it the most unbelievable story he has ever heard in finance. A fund was up 429% from January through June, then fire-sold to Citadel on July 30th. Investors are still up 80% for the year and the firm is gone. The same thing happened in South Korea where three and a half percent of the entire adult population ...
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