Richard Wilson

The Hedge Fund Business Is Finished and Bernie Madoff Is Sealing the Deal

I am 100% sure that hedge funds are not finished, in fact I've spoken with over 75 professionals who are starting hedge funds within Q4 2008 and 2009. I know of dozens of hedge funds with positive performance and many are now applying capital to distressed assets, mortgages and commercial real estate. With the markets turn hedge funds will be there first before ETFS, mutual funds, mom and pop stock pickers, most institutional investors and those financial advisors who select baskets of securities for their clients.

The media will continue to have a field day with Madoff and they should. If these horrible market conditions expose these types of professionals I wish we had a recession every 3 months.

- Richard
Richard Wilson
Hedge Fund Blogger
HedgeFundBlogger.com