Hedge Funds 1 – George Clooney 1 – Investors O
The recent exchange between Hollywood heavy weight George Clooney and hedge fund industry heavyweight Dan Loeb about the Sony Corporation is laughable. What is even funnier is that Ashton Kutcher got involved with commentary on the situation in an interview on CNBC. Next up Betty White is going to chime in and perhaps if we are lucky, a hedge fund industry commentary will add his two cents. Simply put, movie stars need to stick to making movies and hedge fund folks need to stick to making money. While I have not met either of the men, I will say that I am a fan of both of their work. On […]
Readers, beware:
The hedge fund industry welcomed the news from Washington that the SEC had voted to lift the ban on general solicitations. While the jury is still out on how this will affect the industry and investors, it clear that many service providers – not just lawyers — are chomping at the bit to get their two cents in on the issue. The ink was not even dry on the vote before “Client Alerts” appeared in the inboxes of both existing and would-be hedge fund professionals on what managers should do now that they can advertise. Most of the “Alerts” were not from law firms, but from accountants, public relations firms, […]