It is hot damn hot….
The dog days of summer have hit us. It’s not even August and over 95 degrees in New York City and it doesn’t look like the heat spell is going to break anytime soon. It is hot. The same cannot be said for the hedge fund industry results. As mid-year numbers come in, most funds are taking it on the chin. While the indexes are still crunching numbers, it seems like the fixed income guys are hurting while the long/short equity guys are at plus 80 to 100 basis points. I can just hear John Bogle in his TV close up saying: are these the results people need to pay […]
No rest for the wicked…
Its only Wednesday and the hedge fund industry this week is going crazy. The news seems to have gone from bad to good as the stories of the Bear, Stearns & Co. Inc. debacle and bailout are being replaced by the news of a deal for GLG Partners LP and Quellos Group LLC. “All the news that fit to print” about hedge funds seems to be getting the ink this week as people around the country get ready for another weird Fourth of July holiday week. So the question on everybody’s mind is what does it mean? The answer, I am happy to tell you, is nothing! The situation with […]