This week, he discussed The 7 Habits of Highly Suspicious Hedge Funds (The Journal of Investment Management), which he posted on his own blog as a preview.
Here’s the overview:
1. No independent risk reporting.
2. A change for the worse in the critical risk numbers.
3. Increased use of derivatives.
4. High level of secrecy.
5. Growth in headcount and lifestyle.
6. Decline in assets under management.
7. Lackluster performance in recent years.
The 7 Habits of Highly Suspicious Hedge Funds
June 22, 2009