Congratulations to Carl Hunter for winning our giveaway of An American Hedge Fund by Timothy Sykes! Carl is an avid seeker of knowledge and poor college student finding out that finance may be where his real passion is.
Carl, be sure to check your email for details, and enjoy the book.
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What are Hedge Funds?
The sums racked in by hedge-fund managers dwarf even the incomes of top corporate CEOs and Wall Street bankers. The average among them earned nearly $1.5 million a day, every day, for the entire year, or over $1,000 every minute. The top three pulled in over $1 billion each. Meanwhile, wages for the majority continue to stagnate or decline.
So, what are hedge funds? (more…)
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