Remove Budgeting Remove Credit Risk Remove Economics Remove Tax Planning
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Transcript: Ted Seides

Barry Ritholtz

The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns. It’s part of their own tax planning. RITHOLTZ: And that was problematic.