Richard Wilson

Cannibalism: The Latest Hedge Fund Strategy?

It is true. Obviously there are many reasons why securities are diving, including lack of general confidence within the financial sector and stock market in general, but some hedge funds are surely preying up on the securities they know their competitors are holding...and they should. They job is to produce returns for investors, not make friends with other nice hedge funds.

I think that many hedge funds are dealing with how to market their funds now that they are down 10-20% for the year - they must as many will be running in the red if they do not start generating more management fees.

- Richard
Richard Wilson
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