According to the NY Times’ Dealbook a report by the
consulting firm Rothstein Kass found about half of the 400 hedge fund managers
who responded believed that 2012 would be a “a difficult or somewhat difficult”
year for the industry. Almost 40 percent expressed concerns that the United
States would enter a double-dip recession. Only about 32 percent of those who
responded in 2011 thought it would be a rough year for hedge funds.
Political and economic uncertainty, tougher requirements by
the Securities and Exchange Commission and brutal competition for investment
dollars are among the challenges facing the industry in 2012, said Howard
Altman, co-chief executive of the Financial Services Group at Rothstein Kass.
“Less people are optimistic; they’re thinking about the economy, the way the
markets have behaved post-crisis, and the regulatory environment that’s facing
them,” he said….
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