Mother Jones lists 10 people who have profited greatly from the current "global financial and economic crisis."
Jerry Haworth: Haworth is a relatively small-time hedge fund manager (his firm manages in the neighborhood of $40 million), but his "Black Swan Fund" made big-time profits over the past year, gaining 236 percent. The fund is named after NYU professor Nassim Nicholas Taleb's Black Swan theory, which warns of rare, hard-to-predict events that nonetheless have enormous impacts. The fund was "conceived and executed as a disaster hedge, and clearly last year was full of disasters" one fund investor told Bloomberg News. But Haworth announced in early March that he is closing down the Black Swan fund, because, he says, "The market has gone from underpricing risk to overpricing it." Instead, he'll be starting a fund that bets on increasing worldwide inflation.
Pitchforks! Torches! Just kidding. Jokes people, jokes. No need to hire bodyguards.
[Via]