Each business day HedgeCo.Net keeps you informed with the top hedge fund industry news, opinion and insight from around the globe. From the latest hedge fund launches, to the impact of regulation, competition, and investor activism - we track the topics and people that make a difference to you.
ABC News – Irish-American author J.P. Donleavy, in his wonderful book The Unexpurgated Code, details the difficulties of social climbing in England if you are not to the manor born. People who try to invest in hedge funds will find themselves having conversations similar to those in the book:
You:Hey, what a great hedge fund! Can I invest?
Hedge fund:No.
You:Gee, what a bunch of snobs. I’ve got money, and that’s good enough for me
Seeking Alpha – For the last few months, the media has portrayed the hedge fund industry as in desperate need to hang on to as much capital as possible. Hedge fund limited partners have purportedly been lining up demanding breaks on fees and access to capital in the future — and getting them. The truth is a little different (or at least a little more nuanced) than this perception.
Based on conversations I’ve had with managers in the industry, there are two factors which appear to differentiate between those hedge funds who have agreed to big concessions on fees and liquidity with their investors and ones who haven’t.
Memphis Commercial Appeal – It was only a few years ago, but to William Kenley, those were the good old days.
"That was a time when you could throw a dart at what you were going to invest in and do pretty well," Kenley, 44, said of the "fringe" money he used to manage himself. "It’s a whole different ballgame today."
Because the game has changed, Kenley, CEO of Methodist North Hospital, now relies heavily on Chirag Chauhan, a partner in The Barnett Group.
"Chirag and I have had numerous conversations" about strategy, said Kenley. "It’s a frustrating time. We’ve had a diversified approach and it’s good to be diversified, but the whole universe is down."
