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COMMENTS: Signs of a Bubble
NBC launches a feature series on The New Rich profiling a hedge fund manager…a sequel to the movie Wall Street is in production featuring a hedge fund manager…new financial self-help book titles include Hedge Funds for Dummies. CNBC's Carl Quintanilla called hedge funds "all the rage on Wall Street." They are the "souped-up, private investing groups that bet aggressively on stocks, real estate, you name it, in ways your 401(k) plan just is not allowed" using "mind-boggling mathematical models." Quintanilla introduced us to manager Tim Seymour. He is willing to run your money if he can pocket 20% of the profits he makes and you can pony up his minimum investment--one million dollars.
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