未来は明るい
Last week’s post brought a lot of sighs of relief from people in the hedge fund industry. A number of readers, whom frankly I don’t really know, reached out saying that they, too, believe the industry is alive and well and beginning to kick again. A few folks that I do know well also said they were seeing what I was seeing. A couple of readers wrote in, once again complaining that I was simply promoting the hedge fund industry. It is true that I am a shameless promoter of the hedge fund industry; after all, it has been part of my life for more then 20 years and I […]
質問をして、率直な答えを求めなければならない。
Amidst all the chaos in the markets this week, once again we learned of yet another a fraud in the investment world. This time a well-regarded private equity player from a “good” family is accused of setting up a fascinating scheme which included fake people, fake websites, and fake email accounts, all in a move to steal more than $25 million, according to the federal complaint that came to light Monday. It is unclear what really happened other than that investors’ money was used for a trading strategy that went awry and for some personal expenses of the accused. Of course, Andrew W.W. Caspersen will get his day in court. […]