In this short Bloomberg interview, president and founder of Kynikos Associates Jim Chanos says hedge funds are being demonized “once again” for the failings of governments and regulators everywhere.
“We’ve seen this happen in subprime. We’ve seen this happen in the banking crisis. We are now seeing it happen in the currency and sovereign debt crisis. Hedge funds are being attacked as causation. They’re the symptom and not the cause of the problem.”
