Does one bad apple ruin the bushel?
Fear not, the news of the plea deal between SAC Capital and the Justice Department doesn’t mark the end of the hedge fund industry, but rather the beginning. As we enter the final weeks of the year, the hedge fund industry is ready for a resurgence. The numbers continue to be strong across multiple strategies and investors continue to look for places to allocate assets. There is a real buzz around midtown Manhattan among those looking to start new funds, roll out new products and enter new markets. Both new and existing managers seem to be getting into the game – a good sign for the industry and investors. The […]
Two words: Accountability. Responsibility.
This week’s post has little if anything to do with the world of hedge funds. I apologize to those who were looking forward to commentary on the news of the industry. I’m digressing into the world of politics and sports, both worthy of commentary. Next week, I’ll come back to hedge funds and investment management. The news coming out of Washington and Berlin and Paris, etc., is all about the NSA’s listening programs; this and the problems with the Obama-care website are getting all the ink. I am not sure what if anything more needs to be written about these two items except for this: In both cases I would […]