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Hedge Fund Suckitude Round-Up
Wall $treet Folly does a pretty good job of gathering the latest on this sector's saga (no, its not just Amaranth anymore... as if it ever was).
This is my favorite part:
The San Diego County pension system's estimated loss in the Amaranth hedge fund collapse has grown to $105 million, the retirement association's CEO said yesterday.
That's more than double the original estimate of $45 million, and $18 million worse than pension officials thought just days ago.
Yeah, there's no public hazard here.