Sep
28
Hedge Fund Legend Says the Industry Is Facing the Most Difficult Era Ever
By-
Longtime manager says ‘2 and 20’ structure isn’t sacrosanct
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Industry can help shield portfolios in coming bubble, he says
Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.
“That type of business hasn’t worked lately, and it’s a tough business,” Robertson, 84, said Tuesday on a prime-time edition of Bloomberg Surveillance in New York. “It’s tougher to be a hedge fund investor than ever before.”…
Hedge Fund Legend Says the Industry Is Facing the Most Difficult Era Ever
