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Hedge funds may be having a tough year, but they haven't lost as much as the broader market. Still, many are rethinking the direction of the industry and heading for the exits. The boom era may be... Read more...
Martin Lipton, the legendary lawyer, says the financial crisis stems from the invention of the junk bond so many years ago. As the New York Times notes, Michael Milken begs to differ. He tells the... Read more...