The grass is always greener… mutual fund managers’ walk on the wild side not so wild after all.
|Dec 21st, 2009 | Filed under: Academic Research, Retail Investing, Today's Post | By: Alpha Male||
A common occurrence in the hedge fund-a-go-go days of yore was daily headlines announcing yet another prop desk trader or mutual fund manager “hanging their own shingle” to set up a hedge fund shop or join one. A look at this oldie but goodie by New York Magazine’s Steve Fishman published in May 2005 is case in point.
Beyond lucrative returns, more lucrative potential compensation and the chance to tout being a “hedge fund manager” at the local nightclub, the basic premise for most breaking out on their own was the freedom and flexibility of being the higher up, and not having to bow to one. More…
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