As hedge fund returns have been lackluster over the past several years, something interesting has been occurring on the Forbes 400 list of the wealthiest US residents. Investment fund managers have been falling by the wayside. There are currently 22% less investment fund managers on the list, Forbes columnist Nathan Vardi noted, and they have been replaced by the likes of “a fish stick king, meat processor, vodka distiller, ice tea brewer and hair care products peddler.” With such a list of oddballs displacing the once-vaunted hedge fund manager, what is the world...
Hedge Fund Leaders Are Being Replaced By Fish Stick Kings
Mark Melin
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Subscribe and get an extra 30% off annual with code LETTERSMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.