The “back to basics” mantra for hedge funds was thought to mean lower fees, improved liquidity and better disclosure on exactly what the fund was holding and why. All that is happening. But what few counted on was deinstitutionalisation. Before the crunch, hedgies fell over themselves to attract money from endowments, pension funds and funds of funds; now many are thinking twice.
人们曾经认为，对冲基金“回归基本要素”的箴言，意思是要降低手续费、提高流动性以及对对基金的持股和持股理由进行更好的披露。所有这一切都在发生。但很少有人指望过去机构化。危机爆发前，对冲基金疯狂地从捐赠基金、养老基金和基金中的基金吸收资金；目前许多对冲基金都在三思。
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