Too many cooks in the kitchen
I read two very interesting observations about hedge funds last week from two very respectable sources. One was in the quarterly letter of Dan Loeb’s Third Point LLC and the other from Oaktree Capital Group LLC’s Howard Marks. Each said, in their own unique style, of course, that there are too many hedge funds, leading […]
The American’s are coming, the American’s are coming
Last week, the European Securities and Markets Authority (ESMA) told the EU’s executive European Commission that asset managers based outside the EU should get a “passport” to continue offering services to investors across Europe. This new directive replaces a country-by-country private placement authorization system that has been in place for some time. Read the story […]