Registered funds have opened up hedge funds to a broad audience.

We are also in the grips of liquidations by hedge funds and a lot of dealers don't want to see big exposures,

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

The historical performance of hedge funds indicates that they deserve a little more rope, after 14 years of being tracked by professionals, now that they have hit a soft spot in their track record.

There is conversation that over the next ten years, hedge funds would become like mutual funds, ... There is some merit to that conversation, but I think there might be some lag time.

As hedge funds become more institutional, and we predict that eventually 85 percent of assets will come from institutions, there will be downward pressure on fees. We just aren't seeing it yet.