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| CEOs Paul Ruddock, Manny Roman, Klaus Jäntti and Peter Harrison discuss the key issues, challenges and opportunities facing the industry |
A high-quality panel of prominent hedge fund CEOs began by considering whether, post-crisis, the hedge fund industry has turned a corner.
RWC chief executive Peter Harrison answered: “Yes, but not indisputably and not everywhere.” The environment is more benign than it was two years ago, he said, and managers have been reminded that they are fiduciaries – which he viewed as a positive development. “I’d say we’re on the mend, but we’re probably not out of hospital yet,” he added. “It’s a very different industry now.”
Lansdowne co-founder Paul Ruddock pointed to a greater focus on counterparty risk and said that risk management standards have generally improved a great deal – all of which was helping to create a stronger industry – while Brummer CEO Klaus Jäntti also...