It is all about liquidity…
Over the last few years, Wall Street’s leaders have changed from independent thinkers to drones marching to Washington’s drumbeat. The many who criticized the Street in the wake of the credit crisis, fueled by the failure of Bear Stearns, Lehman Brothers and Merrill Lynch, scared the Street into mediocrity. The resulting companies are massive behemoths […]
The death of the hedge fund industry has been highly exaggerated.
January is death-to-the-hedge-fund-industry month, according to the popular press. That’s right, folks, you heard it here first: The hedge fund industry, according to the popular press, CNBC, FOX Business, Bloomberg and, of course, the Wall Street Journal and Financial Times have all written the eulogy for he hedge fund industry. “Death to Hedge Funds” is […]