Hedge fund managers leery of activist Uncle Sam
Friday, May 15, 2009 : PermalinkForbes – Following a brutal 2008 of losses, plunging assets and the Madoff scandal, the activities of the Obama administration were a primary worry among the nearly 500 hedge fund managers and other industry executives gathering at a Las Vegas conference this week.
‘When you have government intervention at the scale we have, you do something the markets abhor: you create uncertainty,’ said Sean Mathis founding partner of New Centurion Capital Partners. ‘We have uncertainty where markets are going and what the rules of the road will be.’
The Obama administration, even as it courts private investors to help buy up toxic bank assets, has targeted Wall Street bonuses and called for tougher market regulation.
Tags: bank assets, capital-partners, centurion, forbes, government-intervention, hedge-fund-managers, industry-executives, las vegas, losses, private investors, rules of the road, scandal, uncertainty, wall street, wall street bonuses, worry
trackback from your site.