Sheesh. Blackstone, KKR, Carlyle talking about IPOs. Sounds like it's going to rain beefers. What hogs!
I suppose combined with the CNBC trading contest & the jester & college students talking about trading & Business school students talking to hedge funds, we have to wonder what type of bubble is getting set up to blow up in a year or so. My guess is a beefer-hedgie-private equity-money manager-Street-trading blow up. Together they represent the entire money management industry.
A massive shift back to indexing would kill them all.
I'm open to other ideas.
Bunkerman I'm a bit confused. What exactly is the connection between a KKR ipo, cnbc trading contest and biz school graduates going to work for a hedge fund. Huh?? Private equity is but another extremely valuable source of funds in our capital markets. The cnbc trading contest is a gimmick to generate ratings and hence increase profits for the network (and GE shareholders). And no one is sticking a gun to the head of graduates to go work for a hedge fund. Rofl indexing. Never gonna happen. Face it.....'beefers' and private equity are here to stay ( and so are gimmicks to enhance viewership).
ReplyDeleteI see them all connected as signs of excessive "investment" in the money management industry. The "investment" is both actual capital and human capital. Over-investment in industries leads to excess capacity & cyclical downturns. That's part of the business cycle. Time will tell. It might have another year to run, but at some point there will be a painful shakeout in the money management industry, imho.
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