Money managers under the microscope
It is not really such a surprise, and not only because the attendee list was visibly shorter this year than in 2008. Of the around 800 registered visitors, perhaps 500 have turned up.
On the eve of GAIM last year, when perhaps 900 of the 1200 registered actually made an appearance, the streets of Monte Carlo were filled with hedge fund types drinking cocktails at one of the town’s many chic bars. On Monday, those bars were largely deserted.
A cursory glance into the investors-only pre-conference cocktail and dinners also indicated numbers were down sharply.