Corey Ribotsky Update

Hedge fund managers like Corey Ribotsky may want to take note of a new strategy that some, like Richard Hurowitz, are employing.  Hurowitz has been running a $1 billion hedge fund and he has recently moved into shareholder activism, taking on both the boards of a Canadian and a German company.

As Hurowitz explained, “Shareholders in this financial environment are not going to be tolerant of boards that do not protect their interests.”

Read more about this situation as it develops.

In an interesting new approach, Asian hedge funds that are starved for capital are starting to allow clients more control over their investments. These managed accounts are creating a lifeline for funds in the area, who would otherwise be too small to get institutions who are large investors in the industry.

As it might be of interest to hedge fund leaders like Corey Ribotsky, the hedge funds might charge less than the 2% management fee and 20% performance fee that is usually taken from clients.

As Gautam Prakash, founder of U.S.-based hedge fund Monsoon Capital said, “As a manager trying to grow a new strategy, you do whatever it takes to get capital.”

Learn more about this plan here.