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The closing of investment management companies is no surprise as people running them are usually not selected based on their investment management skills.
Jun 04 04:06 am
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All Comments by Sanjeev Sharma »Two Hedge Funds Close Shop [View article]
In fact, wall street is yet to come up with an examination process to test such a skill..
The hiring in hedge funds and private equity shops is done from investment banking world, where the key to success is sales skills.
>No surprise -
>FACT:
>In the preceeding 28 months, 70 financial outfits >with over 115 hedge funds have disapeared. Now >thats a lot of salad!