Accelerating market changes
Hedge fund managers are ducking, and it's not because stock prices are falling. As the bear market enters its 28th month, chief executives, investors and regulators are all taking shots at them for their habit of feasting on stricken companies and indices.
First out of the block this year was Jean-Marie Messier. At the June annual meeting of Vivendi Universal, the now-deposed CEO of the French media company attributed some of his troubles to 'a lot of rumours and a lot of work done by hedge funds
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