The good, the bad and the ugly…
The hedge fund industry has been battered by the popular press for the last few weeks. The meltdown of the sub-prime mortgage industry has been blamed on two things — lax credit standards and of course hedge funds. Many funds have taken it on the chin and losses are mounting a daily basis. The reality however, is that the sub-prime meltdown is the tip of the iceberg. In my opinion the reports about hedge funds are going to get a lot worse for hedge fund managers and their investors in the weeks and months ahead. The main reason is because too many people are masquerading as hedge fund managers and […]
Hedge Fund Explosion?
Ladies and gentlemen, boys and girls, the hedge fund industry is about to heat up. That’s right you heard it here first – the hedge fund industry is about to explode-in a positive way. “Explode” that is in the number of new funds that will launch in the marketplace. Therefore, I suggest that there is no time like the present to call the lawyers, call the accountants, call the prime brokers and get your game in first gear. My belief is that right after Labor Day, Wall Street firms will announce significant layoffs and that means an entire new crop of potential hedge fund entrepreneurs is going to come on […]