Not Particularly Secretive Hedge Fund Manager Performs Public Service In ‘Confidential And Proprietary’ Missive
ByThe hedge fund industry has reputation for secrecy. To some extent, this is an artifact of a since-abolished ban on anything that could possibly be construed as marketing. To another extent, it’s a useful term to be bandied about political extremists and anti-Semites of all stripes to decry the unseen, malevolent Illuminati Masters of the Universe surreptitiously controlling all of the world’s governments and the global economy. To still another extent, it’s an accurate description of any business, especially privately-held ones, few if any of which practice the wide and free dissemination of their finances, models, plans, etc.
Still, there are definitely hedge fund managers who have earned the adjective. Seth Klarman comes to mind, as does David Shaw. Marc Lasry. Steve Cohen, when he’s not doing daytime talk shows. Top eBay buyer Paul Tudor Jones, until recently…
