November 15, 2006 – Charles Gradante, co - founder of Hennessee Group LLC, interviews on Bloomberg's "Market Movers" reviewing hedge fund performance for 2006 and give his outlook for 2007. The biggest risk to equity markets is credit default swaps widening. Credit spreads are at 8 year lows. Sellers of credit default swaps (banks and insurers) will take a hit. Hedge funds are buying credit default swaps.