Friday, February 27, 2009

“This is just like 2006 when they complained that the hedge fund Amaranth was secretive and misleading about how they deployed the county’s pension investment. Sheesh. Complaining about a hedge fund being secretive is like complaining about an anchovy being salty. Come on! You know that they’re salty when you buy them.”

— Scott Lewis with an update on the SD County Employees’ Retirement Association fund

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