‘Whoever wins the tech race wins it all,’ says hedge fund billionaire Ray Dalio.
Tucked into corners of Monaco's plush Meridien hotel and on lonely tables in sun-kissed bars overlooking the Mediterranean, anxious hedge-fund managers contemplate the next six months that could make or break their careers.
Farhan Mumtaz, Hedge Fund Analyst, Eurekahedge Group said that in a global sell-off situation, fund managers maintain low cash exposures.
The recovery of Citigroup and Bank of America provided famed hedge fund managers like Lee Ainslie and Jeff Altman some of their biggest gains last year, but now the smart money is getting out while the getting is good.
Some hedge fund managers and investors attending a conference here audibly gasped when the news flashed on TV screens that Raj Rajaratnam had been convicted on all 14 counts of insider trading.