“There is no such thing, at this date of the world’s history , in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. Continue reading
TJC: Thanks for joining in. How do you define a Hedge Fund? And how do you see the current state of the Hedge Fund Industry?
Industry Exec: Hedge funds are pooled investment funds with relatively less SEC regulation (in the US), and are therefore different mutual funds. Certain hedge funds are required to register with SEC as investment advisers under the Investment Advisers Act. The Act does not require an adviser to follow or avoid any particular investment strategies, nor does it require or prohibit specific investments. Hedge funds typically charge a fee greater than 1%, plus a “performance fee” of 20% of a hedge fund’s profits. There may be a “lock-up” period, during which an investor cannot cash in shares. Continue reading