Fear not, the news of the plea deal between SAC Capital and the Justice Department doesn’t mark the end of the hedge fund industry, but rather the beginning.
As we enter the final weeks of the year, the hedge fund industry is ready for a resurgence. The numbers continue to be strong across multiple strategies and investors continue to look for places to allocate assets. There is a real buzz around midtown Manhattan among those looking to start new funds, roll out new products and enter new markets. Both new and existing managers seem to be getting into the game – a good sign for the industry and investors.
The SAC situation isn’t over yet, as a number of former employees are scheduled to go to trial later this month and early next year. As these trials near, the industry will continue to be vilified in the popular press, but fear not, hedge funders, this is just to be expected. Remember, there is good and bad everywhere and people love to attack what they don’t understand.
On November 14 at 10 a.m., we are having the second HEDGEAnswers call of the year. There is a lot to talk about and it’s something budding managers should not miss. You can register by clicking here.
Also, if you are interested in thought leadership focused on the convergence of hedge funds, mutual funds and private equity, check out www.ofa-america.com. This is a new community and pop-up event created for the industry focused on providing real insight on investment management by aggregating thought leadership pieces from experts around the globe.
THINGS THAT DRIVE ME CRAZY
It’s been a while since something has bugged me enough to include it in the blog, but I’m sure there’s some madness out there that’s going to rub me the wrong way soon. Stay tuned.