As relations between hedge funds and the media reach an all-time low, the time has come to end the damaging veil of secrecy
Take an average weekly dose of headlines in Fortune, the Wall Street Journal or the New York Times and you quickly realize that the press has a very negative view of the hedge fund industry. Stories are peppered with words and phrases like 'blow-up', 'high risk', 'secretive' and there are constant insinuations that the industry is littered with fraud and Ponzi schemes.
Understandably, hedge fund managers react to the bad press by having an equally negative view of the media. They see them as the enemy. And the language they use to describe journalists is equally pejorative. Journalists are dangerous and ignorant. They are jealous of the success and wealth of hedge fund managers.
If the volume and tenor of articles in the U.S. press is anything to...