Hedge funds don’t cause a financial crisis, but they can make it worse
When things fall apart, human nature sets us looking for something to blame. The more widespread the havoc, the more adamantly we search. But a study by a trio of researchers indicates that one potential scapegoat can be declared innocent: The recent global financial meltdown was not the fault of hedge funds.
[This article has been reproduced with permission from research from the UNC Kenan-Flagler Business School: http://www.kenan-flagler.unc.edu/]