Hedge Funds Are Private, Largely Unregulated Pools Of Capital....


...that have the tendency to wipe out Myron Scholes. Yep. The M to the S froze his largest fund, or we should probably say, froze Platinum Grove Asset Management's largest fund, since the firm is larger than just one person, you know. All this according to an article in Bloomberg (which has been dutifully tracking his the firm's impending doom since the markets started coming unglued) which tries to conceal the obvious Scholes lust by sticking the name in the middle and bracketing it on all sides with other firm names and tales of woe. We are not fooled. We know who they are after, and we love every minute of it.
Hedge Fund Assets Shrank 9% as Investors Withdrew $40 Billion [Bloomberg]