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From Sagar Chakraverty, Opalesque Asia:
When looked through the eyes of a veteran who has been in this industry since 1973, hedge funds and fund of hedge funds (FoHFs) have come a very long way. It is interesting to hear his perspective on how the industry has changed over the years, the new developments that he is proud of, the opportunities that lie ahead, and why risk should be forward looking.
Opalesque’s founder Matthias Knab interviewed Frank Meyer, who now in his sixties is a pioneer and legend in the hedge fund industry, during the SALT conference in Las Vegas at the end of May (video interview here).
“I am proud… of the fact that institutions are investing, that the portfolio approach to investing has been accepted,” Meyer said. “I am proud of the fact that where people initially said hedge funds are risky, now they realize that they are not necessarily more risky than traditional investing where you can easily suffer a huge dive in the market. I am proud that hedge funds are a business now. When I was out there initially, I had to convince people that it was a business. Now there are thousands of funds, FoFs… it is a real industry. I am proud that I am part of that.”
Meyer started his career in hedge funds while working for A.G. Becker, one of the biggest dealers ...................... To view our full article Click here
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