You heard it here first. John M. Angelo and Michael Gordon, chief honchos of meglo-hedge fund Angelo, Gordon & Co. (which describes itself as “specialists in non-traditional investments” and manages $12 billion in assets, and, we kid you not, has cornered the market on paintball supplies) are the first hedge fund clones. After years of toil, South Korean scientists duplicated the C.E.O. (not sure which one), thus halving his wealth and his season Yankee tickets.
Are you listening, S.E.C.?
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