A Reader's Reaction to:
Hedge Fund Wizards by Dean P. Foster and H. Peyton Young.

Summary

Anthony D'Amato argues that hedge fund wizards will engage in a race to the bottom, accepting ever higher chances of going bust to pursue short run returns both to maximize their percentage take in good years and to attract more investment.

Recommended Citation

D'Amato, Anthony (2008) "Letter: Hedge Funds Race to the Bottom," The Economists' Voice: Vol. 5 : Iss. 3, Article 1.
DOI: 10.2202/1553-3832.1370
Available at: http://www.bepress.com/ev/vol5/iss3/art1