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In association with Hedge Fund Intelligence |
“May you live in interesting times.” The potent mix of blessing and curse embodied in the ancient Chinese saying – with its dual tone of opportunity and threat – will be resonating with hedge fund managers trying to navigate their way through this market crisis.
With banks scared to lend even to each other – and deeply nervous of the exposures and losses that their counterparties (and they themselves) might have – the resulting credit paralysis has been a dangerous and scary phenomenon.
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