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Mr CEO/CFO,

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Mr CEO/CFO, -- SuanRongBoCai - (563 Byte) 2007-4-29 周日, 21:48 (1184 reads)

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标题: Based on my limited knowledge, hedge fund industry (397 reads) 时间: 2007-4-30 周一, 02:44

作者：ceo/cfo 在海归茶馆发贴, 来自【海归网】 http://www.haiguinet.com

is considered a private investment club which by laws only allows well-heeled investors with net worth of at least one million usd excluding the primary residence. Of course with less personal net worth you can get in it through some mutual funds. However, SEC has recently proposed a higher threshold for entry with 2.5 million personal net worth requirement. You may get a piece of hedge fund action by purchasing one company stock though. On Feb. 8, 2007 Fortress Investment Group in NYC, NY had a first hedge fund IPO in the history (I am not talking about hedeg fund's immediate cousins such as Private Equity funds or VCs). With its symbol FIG traded on NYSE, its stock price range was $23-$37 with $29 on last Friday closing.

Generally speaking hedge funds specialize more risky and fancy investment such as buy long/sell short, combination of equity/bonds, foreign currencies, commodities, real estate, emerging market debts, derivatives, high-yield and alternative bonds with the styles of black-box operations, secret tradings, and non-transparency strategies (opaque is the word?) which average Joes shall avoid. With more than 9000 hedge funds controlling more than 1.4 trillion US$ in assets worldwide, this "wild animal" enjoys the least government oversight, so far. However, this is not necessarily a bad thing because the industry provides the liquidity we definitely need!! I heard almost half of the tradings on the daily stock markets come from hedge fund industry.
The one fund manager you mentioned must be Mr Eddie Lampert. He is a very smarkt Buffett want-to-be. Mr. Green