Forbes – Steve Forbes: Thank you, Anthony, for joining us. To begin, in terms of hedge funds, as you know the overall performance of hedge funds has lagged the market in recent years. CalPERS, the largest hedge fund in the country, made headlines by saying, \u201cWe\u2019re getting out of this.\u201d What is that a sign of? Either the hedge fund industry is going away and is only sustained because there\u2019s nothing else around that\u2019s suppressing interest rates or is this a sign of the bottom? When a big one gets out does that mean this is the time to get in?<\/p>\n
Anthony Scaramucci: Well, so, the question\u2019s is it going to get easier or harder from here? That was a good start, Steve. But the short answer is that there\u2019s a lot of reasons why the industry\u2019s underperformed. The main one has to do with something you often talk about, which is Federal Reserve monetary policy.<\/p>\n