I hate to say it but, I told you so…
It seems that the popular press has started to get the story right about why President Obama and Paul Volcker are good for hedge funds. Take a look at this post on a WSJ blog this morning. Sound familiar? The truth is the President and Washington have so much on their plates these days that hedge funds are the least of their problems. The bashing of Wall Street is starting to wear thin as people realize that more government intervention means less opportunity for our children. People don’t want to live in a world that does not give them an opportunity to provide a better world for their children. The […]
Transparency does not equal liquidity…
The recent news that Calpers is demanding more transparency from its money managers is sure to spark at trend with not only pension plans but all institutional investors around the world. If it is good enough for them, well, it should be good enough for all – right? Wrong! Transparency is nothing more then a fool’s errand. It does not make a manager or investment less risky, it is not something that takes the place of due diligence – it just something people demand in the never ending game of CYA that is played in board rooms around the world. To read the Calpers story click here. The reason is […]