Hedge funds are becoming irrelevant
Plus: Morgan Stanley proves Trump correct on market bubbles, the sad story of Sanjay Valvani, and Obamacare moves closer to intensive care
- Could this be the beginning of the end for the traditional hedge fund model? The once-exclusive and elite club is being hit by a “profound sea change in investor attitudes.”
- Donald Trump’s “ugly” stock market bubble comments earn some credibility from Morgan Stanley. The fact-check, check mate.
- The tragic life and death of hedge funder Sanjay Valvani. Found dead the day after Father’s Day.
- Another crushing blow to the floundering efforts of Obamacare. An insurer created to sell Obamacare is leaving Obamacare. Awkward. This is the second Obamacare-focused startup that has rolled back it plans.
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