Hedge fund layoffs.. the talk of the town
The news that D.E. Shaw & Company is laying off 10 percent of its workforce is the talk of the town today. All the major financial networks and print publications lead with the story today. Read The Times coverage here. My question is who cares? Well, I guess the ten percent of the workforce does but in the big picture (with aplogogies to anyone laid off) the news of these job losses is just more of the same. The story reinforces what we already know; times are tough, belts are being tightened and not even the hedge fund industry is immune to problems. Just a thought…
Just when we thought we were out…
That markets rise and fall is one thing we know for sure – the other thing we know for sure is that hedge funds are here to stay. That’s right: The demise of the hedge fund industry has been highly overstated. New funds are starting up, assets are pouring in and managers are spreading out. And while the champagne is not yet flowing, things are shaping up nicely in the industry in the wake of Dodd-Frank and the aftermath of the credit crisis. All is not well yet– it will take some more time– but my prediction is that 2011 will see a resurgence of the hedge fund industry. The […]