谁在弃船？
The world was shocked, shocked, I write, that according to Bloomberg, hedge fund investors are abandoning fund managers because of “high fees” and “poor returns.” My question is simple: Isn’t it an investor’s job to get out of poorly performing investments? Why is this news? I really don’t get it. As I wrote last week, […]
不要相信炒作
Loyal readers have read these words before and, unfortunately, I need to write them again: The demise of the hedge fund industry has been greatly overrated. Mark my words, dear readers, the hedge fund industry is here to stay. No matter how hard the industry is thrashed by the popular press, by the nutty senator […]