The Future of the Hedge Fund Industry…
Even for small fund managers, the hedge fund industry’s outlook is quite bright. The debate over survival of funds with less than $100 million has been heating up as it seems many both in the popular press and in the industry believe that smaller managers can’t make it. I think they’re wrong and I think that small managers will thrive over the next few years. There are many who believe that unless you launch with a few hundred million, you will never get off the ground. That seems to be the rallying cry, particularly from those at large investment firms. I don’t believe it. I believe that there is room […]
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, […]