Shooting fish in a barrel
Hedge funds are clearly the evil that men and women do that live on and on. It is clear from recent reports in the media, comments from both sets of Presidential candidates, comments from the new Speaker of the House, comments from other members of the House and Senate, and comments even from an old friend from New Jersey who visited this weekend. Hey, I think it’s great. The venom that has been spewed about the global hedge fund industry really tells me one big thing: Hedge fund managers are getting something right. Sure, people attack what they don’t understand, but they especially attack what they can’t even begin to […]
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 […]