• Happy Days are Here Again?
  • March 16, 2015
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • The New York Times confirms that the heady days of pre-financial crisis investor inflows are back in a big way for the hedge fund industry. The NYT article notes, too, the continuing trend for portfolio managers to join existing large, multi-manager firms rather than starting their own fund. One reason for this is, of course, the increase in legal and compliance costs arising from governmental and regulatory reactions to the financial crisis. Another reason is that institutional investors are increasingly focusing on the management of non-investment risks by the hedge funds they are considering; few startups can survive the scrutiny of a robust operational due diligence team unscathed.