hedge fund business

“If you think about the way the hedge fund business evolved, it evolved from people who were on the prop desks, you know, Goldman Sachs, Lehman Brothers, you know, all these different places in the eighties, and they spun out and started their own firms Largely…”

“If you sort of think about all the arbitrage that was being taken out of the market by information and factor analysis and a lot of the quantitative public investors that are out there, that's not our style and certainly never was our style, but it was the sty…”

“Part of the problem with hedge fund business as of the last 1015 years has been the short side because not many people have made money on the shorts.”

“Broadly speaking, the markets were flat in the 2000. And in the hedge fund business in the longshore, you could make 10, 15% a year. There were sectors that went up when other sectors went down. Correlations were low. Competition was low.”

“Those prop desks, especially at Credit Suisse, that's where things were happening back then. It was much bigger than the hedge fund business, especially on the arbitrage and the harvesting side until the financial crisis.”