It’s their job to get it right!
Last week’s blog on how badly the mainstream press tends to cover hedge funds drew some intense commentary – both criticism and praise. One exchange completely illustrates for me what’s wrong with that the press that covers the hedge fund industry for at least one national financial daily newspaper. After being on vacation for a couple days in the Cape of Cod – my family’s home away from home, the land of beaches, good chowda, not-so-good salt water taffy and of course thousands upon thousands of Red Sox fans — I came back to an inbox full of messages. One was a request from a reporter at a newspaper you’ve […]
Get out of my face…
As all of you loyal readers know, I don’t think much of how the media covers hedge funds. It’s rare, if ever, that I think hedge fund stories are — to quote the Fox News slogan — fair and balanced. Sometimes, though, I’m pleasantly surprised to read a story by someone who doesn’t seem to have an axe to grind. One such piece appeared in The Financial Times last week. The story was about a hedge fund that was already up more than 230 percent this year. In July alone, the fund returned more than 24 percent. The commodities-based fund has been able to take advantage of downturns in the […]