From Yahoo Finance: Why are so many big-name hedge fund
managers so chatty lately? There was a time not long ago when even well-known
hedge fund captains – those with enviable portfolio returns, whispered-about
personal wealth and reputations for flame-tempered investment brilliance –
rarely spoke on the record or appeared publicly. The exclusive nature of their
investment vehicles, open only to institutions and “qualified” wealthy
individuals, allowed them to disclose little, and most took advantage of this
prerogative.
Yet it’s been hard to watch a stretch of financial
television in recent months without seeing one or another of these stewards of
private capital holding forth on prospects for the world economy, Federal
Reserve policy and their own favorite investment positions.
The shrill and sometimes nasty public battle waged on CNBC’s
air between Bill Ackman and Carl Icahn over the merits and demerits of the
once-obscure Herbalife Ltd. (HLF) has, of course, been the most
attention-getting public display of private investors “talking their book” in
public…..
No comments:
Post a Comment