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Hedge funds are paid big bucks for making smart market bets. Yet these days, a simple feature of the financial plumbing largely overlooked on Wall Street during the low interest-rate era is helping juice industry returns. It’s the tidy income the masters of the universe are enjoying just on their cash proceeds… ....
(Bloomberg) Hedge funds are paid big bucks for making smart market bets. Yet these days, a simple feature of the financial plumbing — largely overlooked on Wall Street during the low interest-rate era — is helping juice industry returns.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaChina’s Property Crisis Is Starting to Ripple Across the WorldNew York City Is Considering a Laundry Pods Crackd ....