Hedge funds ready to blow as positions liquidated (hedge fund death watch)

The Australian ^ | 09/06/08 | Adele Ferguson

[Broker]

FNMA and FHLMG: This short term fixeroo has trumped the hedge fund bears:

“Effectively, the federal government has now become the nation’s mortgage lender,” he said. “This takes a major financial threat off the table.”

Futures on all major stock indexes rose about 2 percent in electronic trading Sunday night, another sign of investor relief about the takeover plan

[q_an_a]

Thanks - I still think that the % those “funds” you mention would be small, say 5%. This may be a billion dollars for some of the funds, but not enough for a meltdown...I hope.