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$2 T Fed Hedge fund      5-Nov-09 06:14 am    
Bill Cara mentioned the $2 T Fed Hedge fund and I was curious so I surfed for some details:
>>The New York Fed plans to raise the number of employees in its markets group to 400 by the end of then year, compared with 240 at the end of 2007, the paper said on its Web site.

The Fed is thus becoming one of Wall Street's most active recruiters of financial talent, as most of its new staff come from the private sector. In contrast, many banks, hedge funds, private equity companies and rating agencies are cutting jobs.


The Fed has been buying fixed-income securities to kick-start the economy at such a rate that its assets have more than doubled to ***$2 trillion** in the past year, the paper said.<< from CNBC August 2009 on their site

UJ: Great guys get busy with that "fixed income" rally in BTTTX and BTTRX now. Make sure you only stick to fixed income though. What exactly does "fixed" mean??????? :)
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jshaef1

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American Century Global Gold Inv (BGEIX)

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On Dec 2: 23.75 Up 0.44 (1.89%)
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