Hedge Funds Having Another Pity Party

DJ D-SOL can’t lift the mood at the Milken Global Conference.
Author:
Updated:
Original:

Reports of the demise of the hedge fund may have been exaggerated. But so too were the hopes and dreams of an orange-tinted Golden Age for the industry under frenemy President Trump and his team of paper-pushers. You’d expect from all of the predictions of newfound glory in the wake of Nov. 8, 2016, that industry gatherings would be a non-stop party. Instead, they’ve all been depressing bits of nostalgia or collectivetherapy sessions if they’ve happened at all. This week’s Milken Global Conference has been no different. For in between some penny psychoanalyzing of Carl Icahn and David Solomon’s blow-out rave, the best the hedge funds can say for themselves is, “Not dead yet!

HedgeFund Tombstone

Ricky Sandler, the founder of Eminence Capital, introduced himself as being part of “a dying breed" of stock-pickers. "But surviving," he quickly added.

Hedge fund professionals Sandler, Dawn Fitzpatrick, Dmitry Balyasny and Andrew Feldstein, speaking on a panel at the Milken Institute Global Conference in Beverly Hills, California, tried to be upbeat about the future of industry. They couldn’t manage for long -- quickly turning sour on fees, investor demands, the surfeit of funds and the cost of doing business.

At Milken, Hedge Fund Managers Swap Ideas on Staying in Business [Bloomberg]
The big comeback: Hedge fund managers at Milken predict industry rebound [Reuters]

Related

By SimpleIcon http://www.simpleicon.com/ (http://www.flaticon.com/packs/simpleicon-business) [CC BY 3.0 ], via Wikimedia Commons

Hedge Fund Legend’s Best Ideas Frankly Not Very Good

‘Direct access to Dmitry Balyasny’ has proven pretty costly.

HedgeFund Tombstone

Hedge Funds Back On Endangered Species List

Just kidding! The president who was supposed to save them isn’t adding anything to that list.

paul-tudor-jones-terminator

Paul Tudor Jones Quant Goes Where He’ll Never Have To Set Up Another E-Mail Blast

Tudor Investment Corp.’s quantitative revolution is not going very well.

HedgeFund Tombstone

Hedge Fund Managers Don’t Want To Be Hedge Fund Managers Anymore

So, from sea to shining sea, they’re, uh, not gonna do it anymore.

HedgeFund Tombstone

Hedge Funds On Track To Be Run Entirely By Anonymous Nobodies By End Of 2019

Philippe Jabre will not be the last one you’ve heard of.

Hedge Funds Considering Yard Sales, Swap Meets To Unload Some Stock

Times are so tough that they’re pining for the financial crisis.

MichaelMilkenPhoenix

Michael Milken Kinda Sorta Doesn't Not Have A Hedge Fund Now

Silver Rock LLC will probably not be changing it's name to "Michael Milken Asset Management," but wouldn't that be fun?