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Hedge funds move $100bn into safe havens
Hedge funds charging hefty fees for sophisticated trading strategies aimed at outperforming the wider market have collectively parked $100bn in simple money market funds typically used by investors seeking safe rather than spectacular returns.
Citigroup estimates that hedge funds have now placed $600bn in cash, and that $100bn of this is held in money market funds, normally seen as some of the safest places to invest cash.



Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?



Comments
money market funds safe?
rafaelvWe recently saw how some money market funds do not allow extraction of funds...
Safetly would be tangible assets, especially gold and silver.
Also, with the Chinese banks not allowed to lend to the U.S., it seems we are not far from capital controls. You might have a lot of money, but will not be free to invest it as you please in the near future.