Hedge fund - The reason to the credit crisis?
Back in 1933 the credit crisis that hit Wall Street was no near what some financial experts today consider can happen. The blame to take according to many people are the Hedge Funds. Back in February massive amount of oil were purchased in what seemed a scheme to inflate oil prices.
Hedge Funds around the world, offshore as well as non offshore Hedge Funds are playing a mayor role in the financial situation and are feared by governments as well as mayor banks. With a combined value of more than 4 trillion Euro's, Hedge Funds are having a great deal to say in the current financial crisis.
The current volatility may suit hedge funds better than traditional asset managers, advocates of the industry argue, because they can move more nimbly to adapt their strategies.
But as wild as it may seem, Hedge Funds are not a single core of administrative officials, but rather financial cowboys Hedging on anything that has a high return of investment.
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