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 […]