I think hedge fund managers have positioned themselves conservatively, ... We're near the bottom now. Almost all of them are conservatively positioned.

I think hedge fund managers have positioned themselves conservatively. We're near the bottom now. Almost all of them are conservatively positioned.

Rather than be some sort of revolution, it's more of an evolution for the hedge fund industry, which is increasingly being taken over by the new guard,

Investors don't want to be hassled, and hedge funds respect their right to privacy. That's very important to them. But now funds have to gain a level of knowledge that they're not managing dirty money. It's a fine line.

Investors don't want to be hassled, and hedge funds respect their right to privacy. That's very important to them, ... But now funds have to gain a level of knowledge that they're not managing dirty money. It's a fine line.

He is very opportunistic about investing,