サービスにシャツや靴は必要ないのか？
The paper of record had a “fascinating” story this week about a new corporate policy at JP Morgan Chase. No longer are bankers required to wear suits and ties to work. The uniform, if you will, has gone casual, The New York Times reports, in an effort to compete with “more trendy” employers like start-up technology firms. The Wall Street Journal, The New York Post, Business Insider and a host of others picked up this breaking news out of 270 Park Ave as well with features stories on this fascinating turn at the bank. This, dear friends, is not news – it is what you call a slow news day. […]
アルファがすべて
The hedge fund industry is in a death spiral — if you believe what you read in the popular press. Managers are under attack because performance is poor and investors are demanding more from these so-called experts in asset management. Every day there is another story about a pension plan, endowment fund or other investor complaining about fees, performance, transparency, lock-ups, and more. Well you know what: The investors are right. If mangers don’t deliver they should be fired. Investors deserve better and managers need to realize that if they can’t deliver decent returns, perhaps they need to get out of the industry. Unlike the traditional asset management business, hedge […]