Richard Wilson

Cannibalism: The Latest Hedge Fund Strategy?

I don't believe that 70% of hedge funds will be gone, I think 70% will face assets losses and then 90% of them will see a surge of new business and assets in 2010 2011. The brightest and most able work for hedge funds, this will be even more true now that investment banks are being wiped out by the day.

There is a lot of talk about hedge funds going away or all failing, I think the industry is far too diverse and nimble for that to ever happy. Once both investors and managers stop sitting on cash everything will turn around again.

- Richard
Richard Wilson
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