It Is About Convergence…
The convergence of all parts of the investment management industry is something that I have been writing about and talking about for the last few years. I believe that within a few years, there will no longer be things called hedge funds, mutual funds and private equity funds, but rather just different types of funds. Some funds will go short, some will go long and short, others will just go long and another group will invest solely in illiquid investments. The time for this convergence is now, when many private equity firms, hedge fund firms and mutual fund firms are launching new products, exploring new strategies and developing new distribution […]
Stop the madness
This week, I’ve decided to throw hedge fund commentary out the window to let you all know how disgusted I am with the amount of texting people are doing. I was leaving the train in Newark the other day when I witnessed a not-so-random act of stupidity. It seems a mother and daughter were so engrossed in their texting that neither saw the door in front of them and it hit the daughter in the face. They both laughed and continued texting–most likely the daughter posted it on Facebook or tweeted: “Just got a bloody nose when I was texting and a door hit me in the face LOL!” Really, […]