It is all about the marketing
There has been a significant uptick in inquiries from would be hedge fund managers on the HEDGEAnswers site over the last few weeks. Although we are just six or seven weeks into 2015, it is clear that this is the year of the new hedge fund launch. The questions are very similar. Would be managers ask if the need a lawyer, do they need an accountant, what is the role of the administrator, and of course what is the best way to raise money. And while the first three questions are important, they are relatively easy to solve, it is the last one, what is the best way to raise […]
What a week.
The recent news that CALPERS is abandoning the hedge fund industry sent shockwaves around the investment management community. Investors and managers alike are scratching their heads wondering where will all the cash go? Of course, many of the naysayers of the hedge fund community blame CALPERS decision on the fees, but I think that is malarkey. I think it is simply because CALPERS, quite frankly, is just too big. In order to allocate money in a meaningful way, the pension plan’s powers-that-be must find large funds that can accept large assets, and well dear friends, we all know that there are not that many good large funds to take all […]