Are hedge funds really “clinging to hope”?
Jul 8th, 2008 | Filed under: Media Coverage of Hedge FundsThe list of stories below was lifted from the most recent edition of our “Alpha Mail” monthly email update. Each month, we try to highlight stories that illustrate two sides of a hedge fund or alpha-centric issue. This month’s set of links clearly illustrate the wide divergence of angles on the current state of the hedge fund industry. (note: you’ll need a free registration to view some of these.)
Battered funds cling to hope of recovery (Financial News): “Hedge funds are struggling to shake off their worst quarter since records began…”
Hedge fund investors want out sooner, not later (Reuters): “Worried about hedge funds’ low returns and high fees, more well-heeled investors are now talking about getting out of these loosely regulated portfolios than getting into them…”
HNWIs cool on allocation to hedge funds (Hedge Funds Review): “Allocation to hedge funds from high net worth individuals (HNWIs) slipped to 9% in 2007 from 10% in 2006…”
Tough Markets Alter HF Managers’ Practices (HedgeWorld): “Last year’s turbulent market environment prompted hedge fund managers around the world to lower leverage ratios and move a significant share of their assets into cash…”
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More than 50% of hedge funds will not beat the market over a ten year period. In down market they get more scrutiny. But, the market is going to keep going down. The economy is going to by weak until the United States takes care of its biggest problem. One billionaire calls our biggest problem the Largest transfer of wealth in the history of mankind.