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Yet even there, hedge funds that exploit, say, valuation discrepancies among different classes of company securities are hard to compare, so varied are the possible strategies.Moreover, one of the few common characteristics of hedge funds is their aristocratic focus on "absolute" returns: the notion that you can make money even if there is a bear market in stocks or bonds.
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That left a vacuum that many companies decided to exploit, said William Vodra, a former F.D.A. lawyer.
"He wants a weak government, destabilized and corrupt, that he can exploit," said Giga Bokeria, a member of Parliament and one of Mr. Saakashvili's closest allies.
"If we want to live in a functioning modern society that is based on the rule of law, we have to accept there are weak spots that some want to exploit," said Michael Bauer, a terrorism expert at Munich University's Center for Applied Policy.
No data was stolen from official US networks using this exploit, said Norm Laudermilch from Invincea.
In fact, most exploits are sold on underground cybercriminal forums with packages of several vulnerabilities they're prepared to exploit, says Qualys's Kandek.
"They encourage vigorous and healthy competition for natural resources that might otherwise be uneconomic to exploit," says Philip Whittaker at the Boston Consulting Group.
Together, they will try to extract full value from AFR's bank branches, for example, which the company was essentially unable to exploit, says Hughes.
The resources could take decades to exploit, says Gordon Kaufman, a mathematical statistician at the Massachusetts Institute of Technology in Cambridge, who was not involved with the study.
"Most hitters have [a location] that you can exploit", said All Star pitcher Justin Duchscherer.
It is this panic blackmailers are hoping to exploit, said Zdenek Laube, the country's deputy police chief.
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