In Boca, Van Halen did little to promote consensus

By Lawrence Delevingne

Fri Jan 25, 2013

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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 first panel.

For three days, several hundred GAIM delegates discussed how to 'turn this thing around'-- yet another year of lagging hedge fund performance even as more institutional investors look to the industry for alpha salvation.

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, well,...

ISSN: 2151-1845 / CDC10004H


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