HF Legend on The Equities Bubble and the Future of Hedge Funds
HF legend Julian Robertson shared some interesting thoughts on the HF industry and its future.
Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.
Perhaps more interesting was his comment on why investors should stick with Hedge Funds:
Still, investors should maintain a portion of their portfolio in hedge funds to help protect against a bubble that’s grown in equities because of the Federal Reserve’s decision to maintain historically low interest rates, said Robertson. Once it bursts, he expects real estate will also be hit.
Monkeys, a penny for your thoughts on the HF industry, the equities bubble, and courses of action the government can/should take if such a bubble exists.
There's a bubble in people who talk about bubbles nowadays...
Amen. +1
Are concerns for the equities bubble not legit though?
We can bash doomsayers all we want but in talking about it we increase chances of prevention
Firstly, someone needs to define the term "bubble". Secondly, what's the point of saying "it's a bubble"? Such a statement contains no useful information whatsoever. What matters a LOT more is the specific reasoning, the timing, the structure of the possible bet, if any, etc etc.
Even Trump's been talking about bubbles
That's the consensus view
We should be more concerned with the obvious bubble in silver bananas. The things are flying around these days like it's nobody's business. It wasn't like this pre-GFC
+SBd
Hyper-bananaflation. You need to cart a wheelbarrow full of these bananas to the store just to get a pack of gum or loaf of bread.
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