James Saft, Reuters Columnist
James Saft's columns feature twice weekly in the International Herald Tribune and widely elsewhere. Before beginning his column, he directed all global coverage of economics and financial markets for five years at Reuters. His column won a Best in Business award in 2008 from the Society of American Business Editors and Writers. Before that he was global investment editor and chief correspondent, London capital markets. He has covered mortgage banking for American Banker before the term "subprime" was coined and syndicated lending for Reuters LPC in both London and New York.
“Is this market a bubble?” and “Is my kid a genius?” are two questions which are asked far more often, and with less profit, than they should.
In the financial market race for information, hedge funds, it seems, are the winners.
You probably already knew that hedge fund names are intended to impress, or even better to confuse just enough to make you stop asking questions, but most of all to inspire confidence.