This is HedgeFundMan's first post. I really don't care what you think about the blog. I had some extra time on my hands and here is the result. I manage a traditional hedge fund. Nothing sexy - just an old fashioned stock fund. The purpose of the blog is not to dish out advice or stock picks - only hacks tell the world what stocks to buy. The guys and some gals that go on CNBC with stock picks are not the cream of the crop. Trust me - the "smart money" which does exist does not appear on television or in magazines. They are too busy doing their jobs to hand out stock picks or investment advice to people who are not their clients.
The purpose of the blog is to provide commentary on an industy that is often misunderstood. The media, industy wonks, and politicians seem to have little clue when it comes to talking about hedge funds. Hopefully, this blog will shed some light on the industry and, of course, will give me the opportunity to share my thoughts on the market, CNBC, the media, politics and whatever else is pissing me off.
Tuesday, December 19, 2006
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