A 100-year hedge fund storm seven years later?
Hedge fund losses and adverse financial events are causing some to ask whether history will repeat itself
There has been a not-so-subtle undercurrent in financial markets of potential hedge fund losses; of popular General Motors trades (long the bonds, short the stock) gone sour, courtesy of Standard & Poor's and Kirk Kerkorian, respectively; of untoward responses in the riskiest tranches of collateralised debt obligations; and even of 'correlation trades' becoming uncorrelated.
Wasn't it the same sort of problems, compounded by a ton of leverage, that got Long-Term Capital Management into trouble in
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