It IS about performance
Just so we’re clear, the reason investors choose hedge funds, private equity funds, venture capital funds, mutual funds and other investment vehicles is that they’re looking to make money. I know this may come as a shock to some people, especially the ones who write for the popular press, but, once again, the reason people invest is because they are looking for positive return. It seems that this notion is lost on many, especially those who are writing about how poorly hedge funds performed in the latter part of 2015 and how bad the markets are doing right now. It’s as if the reporters, and especially their editors, are happy […]
Some live, some die
I take two weeks off from writing and nothing changes. Not sure if that is good or bad, but at least it is a bit amusing. Leading up to the holiday break, the papers (that is my blanket term for print and broadcast media) have been filled with stories of poor hedge fund performance, managers going out of business, and predications that the hedge fund industry as we know it, is over. Well, here we are a few days into the new year and, sure enough, the papers are once again filled with funds shutting down, investors questioning strategies and sprinkled with a couple of stories about massive new fund […]