Blame the hedge funds – everyone else does!
It is the worst of times in much of the hedge fund industry right now. Once again, hedge fund managers are being blamed for the evils that have caused economic havoc from Wall Street to Main Street. On a daily basis, the popular press is littered with articles about why these so-called “swashbucklers” of the securities markets are the main reason for all that is wrong with the economy and the financial world. My only comment is don’t believe all that you read, see or hear. Think for yourself and do your own due diligence. You will find out rather quickly how truly uneducated and ill-informed most of the press […]
The summer is over and the party has just begun…
Over the last few weeks, unless you were stranded on a desert island, you couldn’t have missed the ocean of news about the hedge fund industry. It hasn’t been great; nor has it been pretty and, frankly, some of it has been a bit weird. Particularly weird is the continuing saga of Sentinel, as is the series of bankruptcy court rulings on the Bear Stearns funds. Both stories have been covered extensively and so I won’t be breaking any news today. Both, while completely different, show just how tangled is the web the hedge fund industry has woven over the last few years. Everyone is truly intertwined in bed with […]