4-8-05 Bloomberg - Charles Gradante, Managing Principal of the industry leading Hennessee Group hedge fund advisory firm and Registered Investment Advisor (www.HennesseeGroup.com) is shown on Bloomberg TV on 4-8-05. Gradante discusses the disappointing hedge fund returns through March 2005. Hedge funds are not absolute return strategies. They are relative return strategies, just less relative to equities and binds because of hedging. Gradante discusses the recent rally in the oil market and its impact ion the stock market. AIG, Pfizer, GM and others all surprised the market (event risk is high). SEC regulation of hedge funds will cause them, to become more institutional in their management. Hedge funds are the elephant in the swimming pool.
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