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Money managers under the microscope

GAIM 2009: Numbers bear witness to crisis



Clouds over MonacoAttendance numbers are down at this year’s Global Alternative Investment Management conference in Monaco. Fewer hedge fund salespeople, fewer investors, fewer stands.


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.