Starting A Hedge Fund In The Post-Madoff Era
Thursday, October 15, 2009 : PermalinkNew York (HedgeCo.net) – At a seminar held yesterday, Starting A Hedge Fund In The Post-Madoff Era, organized by Andrew Schneider and Hedgeco Networks, 220 managers, investors and service providers came together at the U.S. Trust Building to hear Joe Goldstein, Ron Geffner, Ron Suber, Merlin Securities and others discuss the future of startups in the hedge fund industry.
“As a presenter I was very happy to see many start up funds in the audience as well as investors and service providers.” Joe Goldstein from G&S Fund Services said, “I think it was a good environment for someone looking for the right information to plan and succeed in establishing a a start up hedge fund. It is typical that in post-Madoff period fund managers embrace the importance of a good infrastructure in gaining investor confidence and building a good fund.”
After the speeches were drinks and networking, where the guest speakers mingled with investors. The general feeling among attendees was the the importance of knowing top of the line service providers, ones that stand out and have a prominent reputation.
“After the collapse of Bernie Madoff’s ponzi scheme, hedge fund infrastructure has come to the forefront in the industry.” Andrew Schneider, founder and co-principal of HedgeCo Networks said, “Investors are performing in-depth due diligence and looking for robust infrastructure before committing their capital. This is especially true for new hedge funds. Potential investors are relying heavily on the reputations of a hedge fund service providers including third-party administrators, auditing firms, prime brokerage houses, and legal counsel to prevent fraud and massive failures like never before.”
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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andrew schneider, brokerage houses, fund-managers, guest speakers, hedge funds, investor-confidence, prime brokerage, starting-a-hedge-fund