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Strategery Capital Management Launched! Congress Approves New Hedge Fund
Strategery Capital Management Launched! Congress Approves New Hedge Fund
By strategery on October 3, 2008 United States of America
With the passage of today's landmark bill, the U.S. House of Representatives has joined with the U.S. Senate in chartering the creation of the world's single largest hedge fund.
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 3, 2008 --
With the passage of today's landmark bill, the U.S. House of Representatives has joined with the U.S. Senate in chartering the creation of the world's single largest hedge fund.
Strategery Capital Management LLC is the largest hedge fund in the world, with expected initial capital of $810 billion. It has a free and unlimited credit line should it need more. It has no fixed mandate, though it is expected to initially focus on mortgage-backed securities. And it is the only fund backed by the full faith and credit of the U.S. Government.
"I couldn't be happier for the country," announced an obviously elated Henry Paulson, currently Treasury Secretary of the United States. "Strategery offers a way for average Americans to be more patriotic."
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Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve, concurred. "Supporting this fund is an American duty."
Video broadcast after the vote showed thousands of ordinary Americans wearing a specially issued green, red, and blue ribbon to symbolize and broadcast their support for this newest American institution.
According to industry experts, Strategery has several competitive advantages relative to other hedge funds.
First, Strategery has approximately as much in capital as all other hedge funds combined, so they can negotiate best-in-the-business terms with counterparties.
Second, Strategery obviously has close relationships on both a formal and an informal level with the Department of Justice
and the federal courts, so counterparties seeking to terminate a transaction will not only face civil litigation costs and losses, but potential criminal liabilities.
Third, Strategery has an unlimited ability to raise more capital in times of need. This eliminates the so-called "limits to arbitrage" effect that afflicts other funds in that unsophisticated returns-chasing investors can become nervous from large losses and choose not to reinvest. Strategery's investors include the American public which does not have that unfortunate option.
Fourth, Strategery is not limited to opportunities with positive expected returns and so they can extend the efficient frontier beyond what other hedge funds can offer.
It is expected that Strategery will purchase the absolute worst assets of financial institutions worldwide and are currently in the process of making up a list of all bad assets. Interested institutions are encouraged to contact Mr. Bernanke to ensure they are on the list.
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