7 Habits of Highly Suspicious Hedge Funds

demonI met Richard Bookstaber at an event recently — very nice guy — and we briefly discussed A Demon of Our Own Design (excerpted here).

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.

Details are at his site . . .


The 7 Habits of Highly Suspicious Hedge Funds
Richard Bookstaber
June 22, 2009

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