Palin praises hedge-fund managers -- Update UK

PJ: "Unsung heros"?  America's "prosperity depends on you"?  You've got a ask yourself if Sarah Palin even knows what a hedge fund does....  Update:  International hedge funds hit by JP Morgan trading loss

Business Insider

SARAH PALIN TELLS HEDGE FUND CONFERENCE: 'Hello one percent! More power to ya!'

"You are the unsung heroes of American greatness...our prosperity depends on you"

Read more: http://www.businessinsider.com/sarah-palin-at-salt-hello-1-more-power-to-you-2012-5#ixzz1ukXL989l

The Daily Telegraph

JP Morgan's $2bn loss costs hedge funds dear

JP Morgan Chase's surprise trading loss has hit London's biggest hedge funds, costing the City's best-known fund managers more than $100m (£62m).

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9262348/JP-Morgans-2bn-loss-costs-hedge-funds-dear.html