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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (159048)5/18/2009 8:12:40 PM
From: The Barracuda™  Read Replies (2) of 312821
 
Rocket, the Hedge fund that has the biggest position in gold is the same fund that shorted all the mortgage stuff. The entire planet was on the opposite side of that trade. have to give those guys credit for seeing what most could not see

Paulson, a merger arbitrager by trade, became the highest-paid hedge fund manager in 2007 when he bet against securities tied to subprime mortgages. His funds also produced double-digit gains in 2008, when the industry as a whole showed an average loss of 19%, according to Hedge Fund Research.
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