Top Ten List of Hedge Fund Manager Quotes

An entertaining "top ten" list of quotes (some perhaps apocryphal) from hedge fund managers, according to a recent presentation by someone from U.K.-based Hermes, an LP:

10. “If we don’t charge 2 and 20, no one will take us seriously.”
9. “We are 75% cash because we cannot find sufficient investments.”
8. “We charge 3 and 30 because that is the only way we can keep our assets under several billion.”
7. “We don’t invest in crowded shorts.”
6. “I haven’t shorted before, but I do have my <abbr><abbr title="Chartered Financial Analyst">CFA</abbr></abbr>.”
5. “Managed Futures are a better investment than Hedge Funds because Hedge Funds are a zerosum game.”
4. “What’s a Master Trust?”
3. “Your Head of Equity doesn’t understand our Hedge Fund strategy.”
2. “Basically, I look <span><a href="/finance-dictionary/trading-overview">at the trading</a></span> screens all day and go with my gut.”
1. “He will be with you in a minute sir, he’s still meeting with his architect.”

http://paul.kedrosky.com/archives/2007/06/24/top_…