Sunday, 26 May 2013

Wall Street Oasis - Investment Banking & Finance Community: Why does everyone hate hedge funds?

Wall Street Oasis - Investment Banking & Finance Community
The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.
Why does everyone hate hedge funds?
May 27th 2013, 05:00

hedge fund.jpg

I just don't get the hate towards hedge funds and successful investors in general. I get that some people (i.e. Rajartnam) cheat the system and should be prosecuted but lots of it seems overblown. For example, people compare Stevie Cohen to Madoff yet Cohen's been watched like a hawk by the feds for 10 years and nothing has come of it. However, Madoff was basically given free reign to ruin thousands of peoples lives while he ran his ponzi scheme.

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