Press Release


Credit Derivatives Creating Risks To Banks and Hedge Funds


June 8, 2005 – New York, NY – Charles Gradante, Co - Founder of Hennessee Group LLC, interviews with Erin Burnett on Bloomberg regarding hedge fund performance.

Gradante discusses hedge fund performance and the stock market. Credit spreads are too tight and spread widening is a trade. Gradante again points to credit derivative products, like CDS, as a risk to financial institutions as well as hedge funds.



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