Meredith Whitney Selling Office Furniture As Hedge Fund Struggles

Meredith Whitney is discovering it’s much easier to unemotionally write about stocks than trade them professionally. With her American Revival Fund down 11 percent in a rising stock market, her partners and lead investor deserting her, the office furniture in her now vacant Madison Avenue office is for sale, a Bloomberg News report by Max Abelson notes. What went wrong? Meredith Whitney bet on “America’s heartland,” fund presentation documents show, at a time when quantitative easing dictated the bet should have been geared towards the top 1 percent of U.S. society, the rarefied segment of of the wealthy that benefited most…