It seems that no matter how hard people try, it’s impossible to take the bloom off the hedge fund rose. On Monday, two articles caught my eye regarding my beloved industry.
The first was a Wall Street Journal blog posting with the headline “Hedge Funds Set For Best Year in a Decade.” The article quoted a number of industry sources saying that hedge fund managers are having a very good year and that while the overall market has performed extremely well in the last 11 months, the hedge fund industry has done better. Give a look by clicking here.
The second piece also came out of the Journal, titled “ETF Aims To Be Hedge Fund For The Masses.” Once again, Wall Street is coming to Main Street to give the people what they want. This new product from IndexIQ promises to “mimic hedge fund returns” for investors of all shapes and sizes. I am not sure I believe that this can be done in an exchange traded fund or that because something is less expensive it is better (that is one of the firm’s selling points), but one thing is for sure: No matter how much stuff is blamed on the hedge funds, these investment vehicles just will not die.
In just a few short weeks, we will be having the secondHedgeAnswers call. The discussion will deal no doubt with the issues of hedge fund growth, building one’s business and perhaps even hedge fund replication. Get in on the discussion by registering today. It will be quite a lively event.
If you missed the call on November 17, 2009, it is now available for purchase as a podcast. It makes a great stocking stuffer for any of your budding hedge fund manager friends, family members or colleagues. Order one today byclicking here.