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05 January 2015

How Top-Performing Hedge Funds Found Gems and Gamed 'Stupid' Wall Street

How Top-Performing Hedge Funds Found Gems and Gamed 'Stupid' Wall Street

Brett Jefferson told his 5-year-old son this about Wall Street recently: “Never will you find a place Six years after the 2008 debt crisis exposed how clueless the smart people on Wall Street can be, both men are profiting from what could be called the schadenfreude trade -- buying for pennies what big investment banks once flogged for dollars. Their bottom-fishing lifted them into the top five of Bloomberg Markets’ annual ranking of the best-performing hedge funds managing $1 billion or more.

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