|Hostess Brands closing for good||
|Wal-Mart workers plan Black Friday walkout||
|Fate of paychecks rests on fiscal cliff||
|BP to pay record penalty for Gulf oil spill||
|Stocks: All eyes on fiscal cliff debate||
Wal-Mart expands foreign corruption probe
Source: CNN / Money
Deceiving workers is one thing but deceiving investors is another! As Americans we need to get our priorities straight!
Today’s word is:
An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).
Legally, hedge funds are most often set up as private investment partnerships that are open to a limited number of investors and require a very large initial minimum investment. Investments in hedge funds are illiquid as they often require investors keep their money in the fund for at least one year.
You see a hedge fund by nature is not looking for stability for workers or customers. Why trouble yourself with the details of day to day business when you can make a quick buck or more!
Although many hedge fund activities are now illegal in Europe after the 2008 financial crisis, thank our Creator we’re in America!
Do you remember our old “Fun with Moocher” post?