Half Of Hedge Funds Will Not Survive


	Half Of Hedge Funds Will Not Survive

Forbes Markets

11-12-2008 12:40 PM

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hedge funds, global financial crisis, peter carey

Forbes Markets says:

We can only hope....

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0fe3ce0b-7279-4cdb-8f5f-4bf4bf2d3eba/463D95B2-8DA0-479A-9B9F-4E64C2A83635/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.finalternatives.com/node/6040" href="http://www.finalternatives.com/node/6040" style="font-size: 11px;">www.finalternatives.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.finalternatives.com/node/6040"><P>In one of the more pessimistic portraits of the future of the hedge fund industry, one pension fund investor predicts that half of hedge funds are headed for extinction. </p> <P>Peter Carey, senior investment officer for alternatives at the $153 billion New York State Common Retirement Fund, says the industry will shrink by as much as 50%, but what’s left of it will present investors with a host of new opportunities.</p> <P>“There’s going to be a lot less hedge funds in the industry—anywhere from 30% to 50%—and I tend to err on the 50% side,” he said, speaking in front of an audience at the Asset Allocation Forum, sponsored by Catalyst Financial and FIN<EM>alternatives</EM> in New York yesterday. “That’s a healthy development because there’s a lot of folks out there that shouldn’t be in this business, or at least  shouldn’t be charging the fees that they’re charging.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/463D95B2-8DA0-479A-9B9F-4E64C2A83635/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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