The obligation of any investment manager, including those of hedge funds, is to get the best return they can for their investors. And to do so within federal and state securities regulations.
These managers have a fiduciary duty to look after their clients’ money, whether they be rich individuals, or pension funds, even members of private and public industry unions.
When the Obama administration, the media, and the public, often in ignorance, look for a suitable scapegoat for government shortcomings, they blame Wall Street for financial and business problems.
Hedge fund mangers are the principal targets. Though the very underpinnings of financial problems come from governmental missteps.
I find many villains on Wall Street, who may do stupid and sometimes venal acts. Not all on Wall Street are culprits, however, as painted by politicos or the majority of the media.
No comments:
Post a Comment