Who is this man? And what does he have against hedge funds?
In this video, his main contention seems to be that about 75 per cent of hedge fund assets have been liquidated and this is a good thing for the markets since “the collapse of the highly leveraged and very lightly regulated hedge fund industry caused most of the extreme volatility that we saw this winter”, and “I believe that the stock market disruption caused by the collapse of the hedge fund industry is now reaching a conclusion”.
From Richard Wilson at HedgeFundBlogger, click to watch:
Of course, rightly or wrongly, he’s not the only one scrutinising the hedge fund industry of late…
Related links:
Evil short-selling monsters revealed – FT Alphaville
The Courage to Retire - Amazon
EU rules on hedge funds unlikely to end debate – FT
A regulatory Trojan Horse that could attack the City – FT