How To Get Rich

http://www.futureofcapitalism.com/2011/01/how-to-get-rich

Bloomberg News has a piece on some of the hedge fund managers with good returns for the first ten months of 2011, including the Nisswa Fixed Income Fund Ltd., run by Pine River Capital Management LP and managed by Steve Kuhn:

Without Fannie and Freddie trading, the market is ripe with opportunity, Kuhn says. But government control of the companies means that traders like him have to watch for government programs that make it easier for homeowners to refinance. He watches hours of C-SPAN, the cable channel that broadcasts government hearings. Sometimes he records them to watch in the evening.

It really says something about the role government has assumed in our economy when the successful hedge fund managers have stopped watching CNBC and started, instead, watching C-SPAN.

by Ira Stoll  |  Jan 6, 2011 at 8:43 am Related Topics:  Housing receive the latest by email: subscribe to the free futureofcapitalism.com mailing list