The New Bankers
Hedge funds have what many banks are lacking these days: liquidity. Once considered a last resort for troubled companies, hedge funds have stepped into the breach as financiers even for large and stable companies because commercial and investment banks aren't lending like they used to. "We pride ourselves on being able to provide a SWAT team with all available resources," says Richard Ronzetti of New York's Marathon Asset Management.
Ann Logue
July 23, 2008