{"id":3456,"date":"2005-10-12T00:00:00","date_gmt":"2005-10-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"t-rowes-riepe-warns-of-hedge-fund-exuberance","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2005\/t-rowes-riepe-warns-of-hedge-fund-exuberance.html","title":{"rendered":"T. Rowe&#8217;s Riepe warns of hedge fund exuberance"},"content":{"rendered":"<p>  BALTIMORE, Oct 12 (Reuters) &#8211; Facing a period of low returns, the vice chairman of money manager T. Rowe Price Group Inc. (TROW.O: <a href=\"..\/stocks\/overview.aspx?symbol=TROW.O\">Quote<\/a>,  <a href=\"..\/stocks\/CompanyProfile.aspx?symbol=TROW.O\">Profile<\/a>, <a href=\"..\/stocks\/ResearchReports.aspx?symbol=TROW.O\">Research<\/a>) warned institutional clients on Wednesday to avoid investment  fads in the quest for better performance.<\/p>\n<p>  In a speech at the company&#8217;s annual investment symposium, Jim Riepe said the rush to invest in hedge funds, an industry that now manages $1 trillion in assets, shows signs of irrational investing,  he said.<\/p>\n<p>  &#8220;I would caution investors from becoming overreliant on strategies that are characterized by short-term focus, very high fees, limited liquidity and for many, lack of any meaningful performance  track record,&#8221; he said.<\/p>\n<p>  <a href=\"http:\/\/today.reuters.com\/investing\/financeArticle.aspx?type=fundsNews2&amp;storyID=URI:urn:newsml:reuters.com:20051012:MTFH88700_2005-10-12_17-31-07_N12548583:1\"><strong>Read Complete  Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BALTIMORE, Oct 12 (Reuters) &#8211; Facing a period of low returns, the vice chairman of money manager T. Rowe Price Group Inc. (TROW.O: Quote, Profile, Research) warned institutional clients on Wednesday to avoid investment fads in the quest for better [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3456","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3456"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3456\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}