Hedge fund crooner sings the blues

Country songs aren’t just about losing your dog, your truck and your wife—they’re also about losing your hedge fund. “I bought a couple mortgaged-backed CDO’s and then the prices took a fall,” sang Merle Hazard, a fictitious manager bemoaning the loss of his fund in a song called “H-E-D-G-E.” The country ditty, which is now on YouTube , is dedicated to “the hard working men and women at trading desks all across America,” but the tune should be familiar to anyone who’s been following the recent series of hedge fund losses. Decked out in a cowboy hat and accompanied by friends manning a digital keyboard, the singer tells the story of a manager whose hedge fund went belly-up after placing bad bets on mortgage securities. “My H-E-D-G-E F-U-N-D went bankrupt today,” he wailed. “Goldman S-A-C-H-S took my fundin’ away.” Jack Ciesielski’s The AAO Weblog, had the original link to the site, hinting that Merle Hazard was the alter-ego of reader Jon Shayne.