That collapse (and the unwillingness of investors to continue to fund loss-making net operations) is the reason sites like Feed and Suck are closing.
Sally Pope Davis, a senior analyst at Goldman , Sachs praised BankAmerica for reporting its hedge fund losses.
MetLife had hedge fund losses of $25 million, after taxes, in its investment portfolio, which it attributed to the "unusual volatility in the equity and fixed income markets".
When one of these bets goes bad for one hedge fund, losses can result for many of them, disrupting the broader financial markets.
"It's been more about C.E.O.'s getting fired, banks writing off hedge fund losses and a showdown between Wall Street and the Fed".
Most of the spike in current pension contributions results from the $78 billion in fund losses during Wall Street's meltdown, certainly not a reason to shortchange public workers.
Similarly, RS Investments, formerly Robertson Stephens Investment Management, said on its Web site, "Mutual fund investors are provided some relief by the fact that fund losses can be used to offset future capital gains within the fund".
However, activist hedge funds have generally been more volatile than hedge funds in the aggregate, and this volatility continued during periods of more recent periods of hedge fund losses.
Pension plans were hurt last year by the declines in the financial markets, leaving employers hungry for cash to compensate for pension fund losses but with few places to look outside of staff reductions or cuts to benefits.
Notoriously, Internet survivors tend to spend it to fund losses.
