Biggs On Hedge Fund Biz. Again.

Ex-Morgan Stanley strategist and late-comer to the hedge fund game Barton Biggs spoke with Smart Money recently, adding more color to the commentary in his recent book . On why golf is so popular among hedge funders: “Maybe it’s because hedge-fund guys are so competitive and have such massive egos.” On the Darwinian nature of the hedge fund business: “You can be a terrific investor and a very smart guy, but if you don’t perform in the first two years of your existence, you are out of business.” And on whether size matters: “[If you don’t get big quickly] the institutional buyers begin to wonder what’s the matter with you.”
Biggs on Hedge Funds [Smart Money]

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