Brett Jefferson told his 5-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 Jefferson, 49, who has been profiting from bankers’ blunders for more than a decade. His hedge-fund firm, Stamford, Conn.-based Hildene Capital Management, vacuums up complex securities when others are shunning them as toxic junk. So does Michael Craig-Scheckman’s Deer Park Road Corp., Bloomberg Markets magazine will report in its February issue.
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