5-23-05 Bloomberg TV Features Hennessee Group's Charles Gradante

5-23-05 Bloomberg - Charles Gradante, Managing Principal of the industry leading Hennessee Group hedge fund advisory firm and Registered Investment Advisor (www.HennesseeGroup.com) is shown on Bloomberg TV on 5-23-05. Gradante comments on the market Its a bad market for hedge funds and everyone elsethe yield curve is flattening, a tight equity trading range, low interest rates and low volatility (vix) creating a lot of cross currents that difficult to manage by hedge funds. April 2005 was the worst decline in hedge fund performance since September 2002. Gradante comments on the difference between hedgers and hedge funds. Hedgers like airlines (which hedge oil), corporations (which hedge currency risk) also cause market volatility.

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• hedge funds
• cds
• credit default swaps
• investment banking
• bernard madoff
• stocks
• bonds
• trading
• options
• shorts
• short selling
• warrants
• leverage
• fund managers
• asset management
• pensions
• pension