Money managers under the microscope
News and views on the fund industry from Reuters and elsewhere:
Hedge funds are not Gekko-like evils but they are greedy – Sydney Morning Herald
North American funds buy Australian gold stocks – Sydney Morning Herald
UK retail fund assets highest on record in August – IMA – Reuters
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
SEC war on hedge’s derivatives – NY Post
Hedge funds could nab $11 bln from Lehman – Alphaville
Galleon brought down by beauty queen – Huffington Post
Hedgies pump up stock exposure – Reuters
Goldman Sachs chief executive Lloyd Blankfein has been holding forth in the FT with a comment piece entitled: “To avoid crises, we need more transparency”.
It’s not the sentiment that raises eyebrows; It’s the pulpit it comes from. Goldman’s recent past is scattered with events that can be described as anything but transparent.