| Topic Name: |
Hedge Fund-Dot coms of the 21st Century |
| Message Name: |
so what about |
| Date Posted: |
02/04/2002 |
| In Reply To: |
The debate will always go back and forth, no?
It is absolutely one of the hardest businesses out there. Not only do you have to significantly outperform these insane capital markets (as EMT teaches, which should be highly unlikely, not that we believe EMT), but you also have to be able to market a product which you are legally banned from advertising in any way.
However, there obviously is a pretty significant market need for instruments that do more than go long a few hundred large-cap companies (which is what the mutual fund business has really devolved into, often just pseudo-indexing). The rewards for doing well are relatively outsized, but going into the biz without the right experience, education, contacts and backing is quite foolish, as we'll both agree, I think.
How is the buyout biz going? How did that deal we were talking about last year go? |
| Message: |
a large established fund. do you think it's inadvisable to joing a top five fund?
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