Occasional successes of con artists haunt hedge fund industry

Opalesque – Last Friday evening a group of representatives from a few top hedge fund firms (Old Bell Associates, SAC Capital, Serengeti Asset Management, Cliffwater, Juniperus Capital, and Soapstone Capital) presented some insight into the hedge fund industry in the format of a panel discussion that was available to members of a few New York-based, private university clubs.

The audience was a mix of potential hedge fund investors, twenty-something’s hoping to network for business, and a handful of the curious who may have just been there for the cocktails. It was a diverse group, and perhaps a good sample from which to show what smaller investors and the larger public perceives to be true about the hedge fund industry.

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