Monday, May 28, 2012

You Were Lucky, Had Inside Information, And A Giant Stack Of The House's Chips

And don't forget a GIANT GOVERNMENT BAILOUT.

Some of Our Galtian Overlords have discovered they're not quite the geniuses they imagined.
Some of the biggest traders to have swapped working at a bank for running their own hedge funds are finding it much tougher on their own, with returns since they launched lagging rivals and disappointing investors.

Dozens of top traders have fled banks in recent years, spurred into launching their own funds instead as U.S. regulators seek to ban banks from trading with their own money on so-called "proprietary" desks.


Still I'm sure they got their couple points of management fees and won't be hurting. So maybe they are geniuses after all.

Maybe I should start a hedge fund...