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Michael Tonello blew through $1.6 million in expenses in one year. He wasnt a drug dealer or spendthrift hedge-fund manager. He was just a guy who resold handbags on eBay. Those bags happened to be Birkins, the highly desirable, terribly expensive ... - [Read more]

Maybe plain-vanilla stock and bond mutual funds will do the job after all. Long-short funds -- the newfangled mutual funds designed to give common investors a hedge fund experience and protection during downturns -- recently went through one of their ... - [Read more]

In theory, hedge fund investors should not panic when markets plunge. After all, the point of a hedge fund is to deliver returns whatever markets do. Nevertheless, the recent turmoil in Asian stock markets, which has seen shares in Shanghai, for ... - [Read more]

May 9 (Bloomberg) -- When Jon Wood opened his Monaco-based hedge fund, the former UBS AG trader told investors hed beat the market by buying stakes in no more than 40 companies -- the same way he made $2.4 billion in six years for his old employer ... - [Read more]

GLG Partners, the London hedge fund, has imposed a set of exit charges of as much as 5 per cent on any investor who wants to pull their assets out of Greg Coffeys benchmark $4.5 billion emerging markets fund before its star manager formally quits at ... - [Read more]

May 9 (Bloomberg) -- When Jon Wood opened his Monaco-based hedge fund, the former UBS AG trader told investors hed beat the market by buying stakes in no more than 40 companies -- the same way he made $2.4 billion in six years for his old employer ... - [Read more]

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