The Status Quo
I am passing up the opportunity to write about hedge funds this week because, frankly, there isn’t anything to say. Performance has been poor; investors are complaining, rightfully; the press is balking at manager acumen; so, what is new? The answer: Nothing. Things in the industry are status quo. Big funds are getting bigger, regardless of performance, and small managers are still struggling to bring in assets. Again what’s new? Nothing. Recently, I was in Las Vegas at the Alternative Assets Summit and spoke with both managers and investors, as well as taking part on a panel about raising assets from institutional investors. I’ve been at this a long time […]
Who doesn’t hate hedge funds?
As summer draws to a close, the kids are back in school, the U.S. Open is over, the NFL playing for real (with TWO Monday night games) and anti-hedge fund rhetoric is everywhere. All the pundits seem to be over the top with joy that the funds were hit badly by the volatility that hammered global markets. Headline after headline screams about the weak performance of great and not-so-great names in the upheaval. Even GOP hopeful Donald Trump has ranted that hedge funds are “getting away with murder.” Click here for the clip. And while the debate on carried interest rages on and will clearly be an issue in the […]