From Today’s FT June 3, 2009 FT.com / UK – Hedge fund industry climbs its ‘slope of enlightenment’. I have been talking about the evolution of the industry for some time. I have pulled out the last 4 paragraphs. Excellent summary of the state of the industry and the path forward…. Read more »
As if everyone’s database wasn’t already in tatters. Today comes news of the expected consolidation wave that will roll-up the Swiss FOF industry. In an article in Hedgeworld/Reuters, Martin de Sa’Pinto commented that the “you can get there from here” nature of the compensation structure will compell FOFs into one another’s arms. … Read more »
Two blog posts of interest on placement agents and seeding.
I recently attended a hedge fund conference. In a sign of the times the format was a half day and presented in an austere, no frills environment…coincidentally the same room where I was married but that is a subject for another day.
How Pension Placement Agent Exploited Political Ties (Update1) – Bloomberg.com. May 18, 2009 Kudos to Bloomberg to an excellent review of where we are with the placement agent model and the use of the politically connected to make introductions. – Apparently the well-connected politically – democrats mostly – have spent their time in… Read more »