Remove Compliance Remove Concentration Remove Credit Risk Remove Healthcare
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Transcript: Ted Seides

Barry Ritholtz

Let me say what your compliance wouldn’t allow you to say. 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: So it’s Hartford HealthCare. We were short subprime mortgages with John Paulson.