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The Germans Have a Word for Hedge Fund Losses

Leave it to the Germans to come up with a word for the pleasure you feel at someone else’s pain: schadenfreude.

I hate to admit it, but I’m basking in schadenfreude right now at the recent news that hedge fund big shots are posting big-time losses so far this year — after a particularly rotten 2015.

So why the schadenfreude?

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