The Proper Context of Hedge Fund Money
In case you missed it, Wall Street’s rich and famous are having their worst yearly performance since 2011. Big bets by hedge funds on energy (NYSEARCA:XLE), healthcare (NYSEARCA:XLV), and commodities (NYSEARCA:DBC) have nuclear bombed shareholders’ money. Here’s just a small sample of the multi-billion dollar meltdown: • David Einhorn’s large stake in Consol Energy (NYSE:CNX), the …