It is about the service providers…
Many of the questions that constantly come up during theHEDGEAnswers conference calls, as well as from readers ofmy books, are about choosing a service provider. Hedge fund managers, both new and old, seem to think that just because someone offers a service to the hedge fund industry, well, they are real experts and know what they’re doing. This is just not the case. All service providers are not created equal. And choosing the right one to do business with is mission-critical to the success of any start-up or on-going concern. I believe that you get what you pay for, and so I suggest that you don’t operate under the assumption […]
France and the E.U. are at it again…
It seems that Europeans can just not agree on what to do with the hedge funds. France’s finance minister, Christine Lagarde, is expected to say no to a plan by the E.U. to create a license or passport for hedge funds at this week’s meeting in Brussels of European finance ministers – wreaking havoc on the potential for regulation.Read the story here. It looks like her actions, which according to Reuters, are supported by Germany, mean that there will not be any new hedge fund regulation in place anytime soon throughout theEuropean Union. The debate, discussion and drafting of hedge fund regulation has been going on since the credit crisis […]