"Ken Griffin holds his investors somewhere between
indifference and disdain." —Investor’s comments on
the hedge fund report card.
"Their fees are extremely high and their
transparency is poor." —An investor’s
comments about Steve Cohen’s SAC Capital
"We have felt like a piñata."
—Anthony Scaramucci, founder of fund of funds
Skybridge Capital, to President Barack Obama.
"There’s this unprovable sense that
the Obama administration and the Democrats are out to get
them." —Michael Boland, Dome Advisors, on the hedge funds’ shift to the right.
"It's a bitch to
be old, but sometimes it is not so bad." —David
Tepper, founder of Appaloosa Management, on how his experience in the distressed cycle of the
1990s paid off big time in 2009.
"I have no
intentions to stop trading or retire in the next five years and
plan to stay engaged as CIO for years to come." Paul Tudor
Jones, in a statement to AR, addressing concerns about succession at Tudor