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It is a very well managed fund. Guys like these make others in the industry look that much more incompetent (which they are).I prefer non-regulated hedge investements though.
Quote from: pissclams on February 18, 2011, 10:48:28 AMIt is a very well managed fund. Guys like these make others in the industry look that much more incompetent (which they are).I prefer non-regulated hedge investements though.FinReg pretty much destroyed the unregulated part of hedge funds. However, most of them will be managed by State Securities commissions, so unless they're in NY or Cali, they're basically still unregulated.
yeah, that should read regulated, not managed
That seems to be the problem. None of the people that truly understand it are on the reg side because understanding it means you are worth more than the $60k/year that the reg agencies would pay.
Quote from: CNS Casey on February 18, 2011, 01:14:42 PMThat seems to be the problem. None of the people that truly understand it are on the reg side because understanding it means you are worth more than the $60k/year that the reg agencies would pay.This is true of any governmental agency/work.
not even half of them fall under state regulation, which by the way, is a joke. how many accountants are there in topeka (the same state spiraling towards bankruptcy) do you think understand complex derivative models and distressed debt analysis?
Quote from: pissclams on February 18, 2011, 01:18:03 PMQuote from: CNS Casey on February 18, 2011, 01:14:42 PMThat seems to be the problem. None of the people that truly understand it are on the reg side because understanding it means you are worth more than the $60k/year that the reg agencies would pay.This is true of any governmental agency/work. no it isn't.