The Barton Biggs book, Hedgehogging, has gotten some less than positive reviews in part due to its attempt to mask the identities of some of its more famous characters. Dave Kansas in the Wall Street Journal enjoyed the first person accounts by Biggs, but is maddened by the author’s need to shift to a more fictionalized form. Andrew Feinberg at Kiplinger’s read the Kansas review and agrees that Biggs’ style is “maddening” and is doing his readers no favors by masking the identities of various characters.
If you were expecting hedge fund fees to come down any time soon, don’t. It is a ‘2 and 20’ kind of world out there.
breakingviews in the Wall Street Journal notes that in a world where private equity and hedge funds are viewed as cutting edge alternative investments, maybe good old fashioned cash, is the ‘best’ alternative asset.
It has been quite some time since a good, old fashioned, day trading story. Martin Fackler in the New York Times had to travel to Tokyo to find a new generation of day traders making waves.
Bill Sjostrom at Truth on the Market notes an additional fallout from Sarbanes-Oxley with a BusinessWeek article that demonstrates a brain drain from public companies to private equiy funded companies.
Daniel Drezner has an interesting piece pulling together the many threads that claim a premature death to blogging. Inspired in part by this Daniel Gross piece in Slate, Drezner notes that despite the hype built up around blogs they are an important piece of the new information ecosystem.
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