Hedge fund envy? No, just journalism


By Michelle Celarier

Does the media have hedge fund envy? That's what a hedge fund manager recently suggested to me as the reason for what he perceives as all the negative stories in the press about hedge funds. A bit myopic, his comment got me wondering whether hedge funders really understand the media. True, the press can simplify, exaggerate and downright get things wrong, especially when the topic is something as arcane and opaque to most folks as the hedge fund world.

But what the media wants is not much different than what hedge fund managers and investors want: something