Tuesday, February 06, 2007
More Hedge Funds May Collapse - Jim Rogers
More Hedge Funds May Collapse - Jim Rogers
Jim Rogers predicted - correctly - the start of the commodities in 1999. He now predicts that many more hedge funds may collapse following the collapse of Amaranth Advisors LLC, and reports of major losses at the metals trading hedge fund Red Kite Management Ltd.
He thinks that there is too much money in hedge funds and funds have been too high prices and been leveraging themselves too much. A gigantic shake-out in the hedge funds industry is in store, feels Jim Rogers.
Rogers also predicted that oil would rise above $100 per barrel.
When asked for their comments on this prediction, David Lilley, Michael Farmer & Oskar Lewnowski III - the founders of Red Kite Management - declined to respond.
Hedge funds globally control over 1.3 trillion $ in assets more than double the figure five years ago.
Jim Rogers is the chairman of Beeland Interests Inc, and some of his well-known books include Adventure Capitalists & Hot Commodities.
Jim Rogers predicted - correctly - the start of the commodities in 1999. He now predicts that many more hedge funds may collapse following the collapse of Amaranth Advisors LLC, and reports of major losses at the metals trading hedge fund Red Kite Management Ltd.
He thinks that there is too much money in hedge funds and funds have been too high prices and been leveraging themselves too much. A gigantic shake-out in the hedge funds industry is in store, feels Jim Rogers.
Rogers also predicted that oil would rise above $100 per barrel.
When asked for their comments on this prediction, David Lilley, Michael Farmer & Oskar Lewnowski III - the founders of Red Kite Management - declined to respond.
Hedge funds globally control over 1.3 trillion $ in assets more than double the figure five years ago.
Jim Rogers is the chairman of Beeland Interests Inc, and some of his well-known books include Adventure Capitalists & Hot Commodities.
Labels: hedge-funds
