Blueridgenow.com – Hedge funds have been in the news recently, usually with a watered down description of the characteristics of these investment vehicles. Most folks know that Chelsea Clinton works for a hedge fund (Avenue Capitol), and that John Edwards pulled down a hefty $500,000 consulting fee from another hedge fund, Fortress Investment Group. The odious George Soros, a contributor to hard left political groups, manages a hedge fund called Quantum Fund.
Edwards said he wanted to learn more about poverty. And where better to learn about poverty than working for an investment company that requires its clients to have at least a million dollars net worth (Since then, Fortress has navigated enough legal hurdles to offer its services to the general public through a listing on the New York Exchange, but that’s unusual.)