Bobs your uncle

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    • Clinton and Obama: Hedge Fund Killers [view article]
      Well first, I think its unlikely that HC is trying to kill the HF's. Her daughter currently works for one in NYC (or did). Furthermore, the there are several HF managers out there that outwardly support HK. Don't bite the hand that feeds you.....

      You will find no love for HK from me. However the article somehow implies that the success of HF industry is reliant on the fact that they pay lower taxes. Well, if you work at a HF and the only reason you have people in your fund, is for the tax benefit, you should consider a new career.

      Further, why should more HF's go public? Why is blackbox investing a good thing for the masses. I couldn't disagree more. I applaud Steve at BR for his IPO. -- A very wise man, who recently passed unexpectedly commented that when the HF sell, its probably NOT a good time to buy. WOW, he couldn't have been more right. So trust me, Steve wasn't selling shares out of his altruistic heart, to give the masses a piece of the promised land.... please.

      I have no problem with HF's paying higher taxes, as it will help clean up the HF. Hopefully eliminate the one hit wonders and multitude of followers that masquerade as real HFs.

      There is a reason that HF's were only ever used by the wealthy. The idea of opening them up to the masses is absurd and with the legal fallout, resulting from the mortgage debacle, I think you will soon see why.       Jan 11 09:14 AM
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