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.

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.

Schwab is likely banking on a market recovery and boosts to hedge funds in the mutual fund shakeout, ... And hedge funds trade the three drivers of the economy -- tech, health care and financial -- more actively.

When it's an optional regulation, it's not that big of a deal, ... Next year it will be an issue: Investors will be asking the hedge funds, 'Why not register?'

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

I just don't like mutual funds. I think they're a rip-off.