Hedge funds lament wealth inequality, slowed growth, short-termism
By Lawrence Delevingne
Thu May 2, 2013
At the Milken conference, Peter Thiel, Dan Arbess and Ben Funnell discussed investing in a historical context.
LOS ANGELES -- Hedge fund managers at the Milken Institute's Global Conference shared concerns that overly short-term investment mandates, growing wealth inequality and a historic decline in optimism had become serious barriers to investment.
Peter Thiel, founder of $138 million macro hedge fund firm Clarium Capital Management, said one of his worries is a misguided investor focus on immediate returns and liquidity.
"Long time horizon investments are incredibly out of fashion. Anything that takes more than a decade to build is not getting...
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