Working together

Between the bear market, mis-pricing scandals, stricter regulations and heightened attention to money laundering, one could forgive the hedge fund industry for feeling a little punch drunk. The problem with the industry, however, is it is not acting like one. At the moment it is acting like a collection of individuals each doing their own thing and as such it is punching below its weight and not worth the sum of its parts. As everyone knows, operating at a discount to your full value leaves