hedNo life after Madoff for ge fund Platypus

Platypus is now liquidating its funds and returning capital to investors. When this is done, its four partners will take much of the remainder of 2009 off to “rest and research” and consider further ideas, such as finding an incubator to partner with. “We may look to rebuild provided we are able to obtain the patronage of a suitable ‘big brother’ who can assist us with marketing, compliance and business risk issues.” Their ideas should be known in the fourth quarter, Talbot said.

 

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The world won’t wait for the investment committee 

The institutions managing long-term savings might not be built to respond at the speed the world now moves. The gap between knowing and acting – which, ultimately, is where all risk lives – is one they can’t afford to keep open.

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