Drop the politico crap, who cares? What's important is th big fish are getting out of the biz and starting to wind down. This should create opportunity for the small niche players --- it is also signaling radical changes on the horizon ---be ready. surf
Steve Cohen Closing Fund August 1st
- Thread starter marketsurfer
- Start date
The big fish aren't getting out. Even if they did, there would be new big fish replacing them. Don't make the mistake of thinking you are at some kind of advantage because of this.
Soros' fund is returning roughly $1 billion of his $8 billion fund because of this (figures might not be exact, but it is something along these lines). He is hardly "getting out."
or it could be that it is harder to find profitable edges to exploit.
perhaps he and friends are no longer getting edges and info from congressman.
Maybe he is completely happy owing a risk free part of indymac with paulson and a guy from goldman.
or it could just be he does not want to pay taxes to the u.s. as he agitates of socialism and centralized world decision making.
as far as it opening opportunities...
I never really thought it was hard to get into the money management business... everyone I have know who is able to demonstrate consistent returns and or or large returns has been able to raise money easily. It just that not many people really make money in a scalable way.