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{{ | {{disaster cafe}}Cautionary tale. [[Hedge fund]]. [[Sharpe ratio]] off the charts. Bet the farm on a seasonal spread between natural gas futures of different expiries not inverting, and lost. | ||
Second worst [[hedge fund]] failure after [[LTCM]]. In | {{strike|Second|Third}} worst [[hedge fund]] failure after [[LTCM]]{{insert| and Archegos}}. In a world of also-rans, this is quite the accolade. | ||
{{sa}} | |||
*[[LTCM]] | |||
*[[Archegos]] |