Fundy © fintag

News comments:

As the FT wrote yesterday, the Fund of Hedge Funds industry is in a dire place thanks to woefully useless Due Diligence regarding Madoff, a disregard for transparency and the fees on fees business model being no longer valid in a world of low interest rates and negative real performance.

Hedge fund managers courted the FOFs for they were easy money. Alas, they are no more easy lays and we seek investor monies the hard way.

Today's shorts:
Hedge What? (ft)

Today's longs:
Liquid Real Estate: My Arse (hedgeweek)

Prediction:
Hedge funds to go the way of facebook.