Hedge Funds Going Public?

That idea was broached in the New York Times today. Looking at it from a strictly selfish perspective, I think it is an excellent idea.

It would be nice to know the humungous sums the hedgies pay themselves, and also it would be exciting to see what happens to their share prices when their performance turns sour and they pull the cork.

Above all, it will mean that hedge funds will have lost any last claim to being "new" and innovative. They'll just be another humdrum, boring part of the securities industry.

© 2006 Gary Weiss. All rights reserved.

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Wall Street Versus America was published by Penguin USA on April 6.
Click here for its Amazon.com listing and here for more information on the book, from my web site.