Tuesday, November 18, 2008

What Crisis? Some Hedge Funds Gain

Louise Story
New York Times
November 9, 2008

Bernard V. Drury is a rarity on Wall Street: a hedge fund manager who is making money rather than losing it. While most hedge funds are sinking into red this year and unsettling the markets in the process, a handful of them are posting spectacular gains. Mr. Drury’s fund, for instance, is up 60 percent since Jan. 1.

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