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Credit funds top 2014 hedge funds ranking

Two of the four best fund managers profit from Wall Street's blunders
Monday, January 5, 2015 - 05:50
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Mr Jefferson's Hildene Capital Management vacuums up complex securities when Wall Street is shunning them as toxic junk.

Portland, Oregon

BRETT Jefferson told his five-year-old son this about Wall Street recently: "Never will you find a place where so many smart people do so many stupid things." That's a good deal for Mr Jefferson, 49, who has been profiting from bankers' blunders for more than a decade.