Pursuits
Beaten-Up Hedge Fund Billionaires Reminisce About 'Golden Age'
- Cooperman says best years ended with financial crisis
- Short-seller Chanos says hedge fund fees are ‘ridiculous’
David Rubenstein: Hedge Fund Industry Will Thrive Again
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Not even the encouraging words of a private equity titan could brighten the mood of some of the world’s top hedge fund managers.
“Don’t be embarrassed about making money,” David Rubenstein, the billionaire co-founder of Carlyle Group, told attendees at the SkyBridge Alternatives Conference in Las Vegas on Wednesday. “It’s been a great industry for the U.S. and created a lot of jobs and made companies valuable. You shouldn’t be upset about that.”