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 you
The week on Risk.net, December 2–8, 2017Receive this by email