hedgefund
- n a flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging
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- Bank Employee Falls Asleep On Keyboard, Transfers €222,222,222.22 By Mistake
Think only coked up and hyper hedgefund traders pose a systemic risk? As this AFP story reveals, somnolent, undercaffeinated tellers can be just as threatening to the global flow of funds. A "German bank employee fell asleep on his keyboard and accidentally transformed a minor transfer into a 222 million euro ($293 million) order, a court heard Monday. The Hessen labour court heard that the man ...
June 10, 2013 - Zero Hedge