Speakers at the 2008 Absolute Return Symposium predict the shape of the industry beyond the bloodbath
Top: Rob Ladd, Jamie Dinan, Paul Touradji, Eric Mindich.
Middle: Melissa Ko, Sandra Manzke, John Paulson, James Chanos.
Bottom: Hal Schroeder, Michael Lewitt, Max Holmes, Peter Thiel.
With all the talk about markets being in the worst shape since the Great Depression, there is one big difference. During the 1930s, there were no hedge funds. As the industry tries to determine what it will look like on the other side of what York Capital Management founder Jamie Dinan calls a watershed year, there’s a fair amount of trepidation.
“Baron Rothschild said, ‘the best time to buy is when there’s blood in the streets,’ and the reality is there’s a lot of blood in the streets today,” Dinan said in his keynote address at the 2008 Absolute Return Symposium. “Unfortunately, it’s our...