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 […]
And now for something completely different
For those of you looking for hedge fund industry commentary this week, I am sorry to report that I have nothing to say on that front. It is true we did have a HEDGEAnswers call this week and it went well. If you would like a link to the podcast, please email and I will send it to you. With that however, I need to write about something unrelated to hedge funds: kids in sports. I have been spending a lot of time on the basketball court and in the stands lately at my son’s baseball games. On the court, I was assistant coach and helped out best I could […]