“My guess is that at this juncture we are close to peak leverage,” said Stephen Weiss, co-founder of Short Hills Capital who also worked for S.A.C. Capital at one time. “It’s a function of investors in hedge funds being more comfortable with risk at this juncture. This is evident in the ability of hedge funds to raise additional assets. Additionally, everyone wants to make more money and the quickest way to do that is through leverage.” [CNBC]
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