From DealBreaker:
I don’t know if any of the recently unemployed out there were tossing around the idea of starting hedge funds out of their parents’ basements but Jane Buchan, CEO of Pacific Alternative Asset Management, says you can forget about that. Because You. Will. Fail. Speaking at the Reuters Hedge Fund and PE Summit yesterday, Buchan stated the obvious, which is that no qualified investors are going to give you any money....MORE
Here's the story she's referring to:
Hedge Funds' Lure Still Hot But Success Uncertain
[Reuters via NYT]
