You know who you are. And odds are, we will know soon enough.
Hearing rumors of a bunch of sizeable hedge funds forced to unwind position to meet margin calls. Deleveraging is on.
— SoberLook.com (@SoberLook) August 24, 2015
Last March 31, Ken Griffin of Citadel held the No. 1 spot for the most leveraged fund, with $142 billion in regulatory assets and $16.1 billion in capital. Bridgewater Associates came in right behind Citadel with $197 billion in regulatory assets, just 2.3 times capital. Millennium was No. 3.
The big boys probably know how to handle their leverage — though let us pause and remember Long Term Capital Growth, the 1990s phenom peppered with Nobel Prize winners. Those geniuses nearly took down the financial system.
Photo: Lissamabcd