HEDGEAnswers began its sixth season yesterday with interesting commentary on the state of the hedge fund industry, the future of alternative investments and the effects of Dodd-Frank. It is hard to believe that we are in our sixth year of running these educational programs. Their goal is simple: to provide answers to entrepreneurs looking to start and grow a hedge fund business. Our panelists include lawyers, accountants, administrators and consultants who tell it like it is during the hour-and-a-half program.
It is great to be back. The series’ next call is on November 14th at 10 a.m. You can register by clicking here.
The recent news that the World Bank is going to commit capital to hedge funds is a great sign for the future of the industry. According to a report in the Financial Times, the World Bank, through its private-sector lending arm, The International Finance Corp., is going to put $100 million into a new fund set up by Christofferson Robb & Co. The fund will use its assets to cover unexpected loan losses at banks, in return for a fee for the use of capital. This is a clever way to help banks that may have problems with new tighter rules oncapital requirements in the wake of the credit crisis. This is good news for the hedge fund industry and I believe it is the start of something very good for the industry. Stay tuned – the times they may be a-changing…
THINGS THAT DRIVE ME CRAZY:
I am looking for accountability. I mean, is it to much to ask? I don’t think so. Everybody seems to pass the buck and nobody seems to want to take responsibility for anything any more. I don’t know when this changed in our culture but I don’t like it. It needs to change back and change back soon.