Apr

15

We are done

April 15, 2009 | 4 Comments

Hedge Fund Center has been online since 1996.  Since then we have done a lot to educate our audience about hedge funds, how they operate and how to evaluate them. However, since the massive bank failures, ponzi schemes including Madoff and others, it has become apparent to us that the industry is in need of much more than we are able to offer.  In our view, the financial industry has completely imploded and lost all credibility.  The fact that president Obama has chosen Wall Street alums to staff his cabinet and appointed positions could be laughable if it were not so pathetic.

Please don’t contact us anymore.  We are no longer listening.

Ciao.

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Comments

4 Comments so far

  1. Tapman on April 16, 2009 10:33 am

    you don’t think thats just a little tooooo pessimistic, there are booms and busts and there are always times of excess and then contraction. The world as we know it has never “stopped” it has merely changed and any failing to learn from the past is surely a short coming of man… if not rather a nature of the beast?

    we are NOT done! we have many legs to go! and maybe this lack of confidence is to compensate for an overconfidence lenders, and borrowers alike showed in the past. trust will is always at equilibrium and in time confidence will be restored. I am not naive enough to think we will all live happily ever after but.. fundamentally i reject the title of your piece

    we are NOT done!

    Ciao!

  2. tom on April 23, 2009 2:42 pm

    You may not be “done” but the hedge fund industry has lost all credibility and the US Government will most like begin to regulate it. Therefore, the complexion of the industry has irrevocably changed. It remains to be seen what this “change” will entail. Remember, not all change is positive or productive.

    Since 1996, Hedge Fund Center has been advocating better due diligence on hedge fund managers. Obviously, the message never sank into the collective thinking and look where the industry is now … on the balls of its ass.

    Have fun.

  3. B B on October 7, 2009 7:54 pm

    Hi there Tom, BB here, helped you launch back in the day! Sorry to hear you taking the site down but I do agree with you on the industry losing credibility to a certain degree. Too many funds went into business that had no reason to be in business in the first place and unfortunately they had great pitch men or incredible selling abilities and were able to burn alot of investors. What are you going to do with the site?

  4. tom on February 20, 2010 5:57 pm

    Hey BB, great to hear from you!! I hope you are doing well and having some fun.

    Not sure what to do with the site just yet. The industry is still a mess and has zero credibility in our opinion.

    Drop me a line at taugenthaler AT google.com

    I’d love to hear more from you.

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