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I just read that Louis Bacon returned 25% of AOM.
I have not posted here in 4-5 years, and do not work in the field anymore.
1) Has the hedge fund industry shrunk in the last few years?
2) Has DoddFrank had any actual effect on anything in the real world?
3) Is the "How do I become a Quant" still the most popular topic here? |
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purbani
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| Total Posts: 54 |
| Joined: Apr 2005 |
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1) The hedge fund industry contracted in 2008 - 2009 and then rebounded sharply in 2010. AUM is currently at just over $2tn up from previous 2008 peak of $1.7tn. About 40 - 50% of funds still below HWM. Fund of Funds industry has contracted sharply by about 30% and lots of consolidation currently underway. Critical mass in FoF AUM now > $5-10bn unless very niche.
2) Not to my knowledge
3) Can't say |
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Ok, so the HF industry is larger than ever, but the performance fees have been null for a few years b/c of the HWM issues.
Also, FOF segment has taken a huge hit and is going to get worse. Only a fool would invest in a FOF. |
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purbani
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| Total Posts: 54 |
| Joined: Apr 2005 |
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Correct - I suppose you could argue that the fear of DoddFrank to come and the closure of many bank prop desks ( those that didn't suddenly find themselves part of the CIO office  ) has driven new HF issuance. Haven't seen them all so can't speak to overall quality. |
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This thread was moved from General to Trashcan.
Reason: Thread elicited too many negative ratings. |
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