You might be thinking I am sitting here talking about hedge funds when the economy is tanking, but I want to state something that I feel is my own opinion (my two cents) about the media and the talk on the American debt crisis and economy as a whole. I just feel that negative news sells. People are more likely to click on an article or keep watching a TV channel if they hear something gloomy and into the future.
Don’t focus on the 9% but on the 91% that are getting jobs and getting ahead. Check out this article right here which also talks about how Minnesota firms such as Whitebox Advisors, Waterstone Capital and Pine River Capital had been doing a lot of hiring in 2011. Here is a good link that you can make use of to familiarize yourself with the hedge fund industry in the region.