New York Structured Credit Hedge Fund Plummets 40%

Things must be bleak when your hedge fund manager—after posting an approximately 40% decline on the year—looks for solace in black humor.

Structured credit shop Eidesis Capital is licking its wounds after a disastrous 2007. And, quoting comedian Lily Tomlin, it warns, “things are going to get a lot worse before they get worse.”