In Boca, Van Halen did little to promote consensus
By Lawrence Delevingne
Fri Jan 25, 2013
At GAIM 2013, it was stocks vs. bonds, U.S. vs. world, and small funds vs. large; "Hey, it's your tomorrow."
|(L to R): Patrick
Wolff, Marko Dimitrijevic, Mark Yusko, Andrew Jackson,
Damien Miller and Michael Lewitt.
The GAIM USA conference in sunny southeast Florida began
Tuesday morning at 8:30 am with Van Halen.
"C'mon turn, turn this thing around/Right now! Hey, it's
your tomorrow/Right now! C'mon, it's everything!" the David Lee
Roth lyrics to "Right
Now" blared as attendees filed into the ballroom at the
Waldorf Astoria-affiliate Boca Raton Resort & Club for the
For three days, several hundred GAIM delegates discussed how
to 'turn this thing around'--
year of lagging hedge fund performance even as more
institutional investors look to the industry for alpha
Predictably, there wasn't much consensus on how to do it.
Many said promise lay with small, hungry managers; others
defended large firms as better protectors of capital. For
strategies, equity managers said boom time was coming for,
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