And he hedged his bets how? They've destroyed the meaning of that term. He should be called what he is: a leveraged fund crapshooter.
How about a coffee on the keyboard alert?
When I was in the business, hedge fund meant short and long postions to minimize risk.
It devolved into “how much money can i borrow to buy credit swaps”
Hey, I’m making money, I’m a genius!! Whoops, I’m broke, who could have foreseen an economy based selling houses to people with poor credit, no verifiable income and no assets to fail?