A Quote by Scott Garrett

The actions of hedge fund managers in exercising their fiduciary responsibilities to their investors is not the reason why Chrysler is in jeopardy.

Scott Garrett

Quote Topics

Actions Chrysler Exercising Fiduciary Fund Hedge Hedge Fund Investors Jeopardy Managers Reason Reason Why Responsibilities Why

Quote Author

Scott Garrett
American - Politician
Born: July 9, 1959

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

Martin Gilbert

Left-wing shareholder activists seek to leverage the mass economic power of institutional investors such as pension funds, whose managers are supposed to focus strictly on their fiduciary responsibilities to retirees.

Elaine Chao

Hedge fund managers charge so much more than mutual fund managers; alpha is even harder to come by. They end up selling a variety of things beyond mere outperformance.

Barry Ritholtz

It is intellectually dishonest to lump venture investors with hedge fund and buy-out investors.

Jose Ferreira

Fund investors are confident that they can easily select superior fund managers. They are wrong.

John C. Bogle

Many hedge fund managers have become billionaires; perhaps this - plus their reputations as the smartest guys in the room - is why they have captured the investing public's imagination.

Barry Ritholtz

We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require "top down" intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.

John C. Bogle

I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund.

Nouriel Roubini

Some hedge fund managers have made big bucks trading oil futures - George Soros is one.

Gary Weiss

There's something wrong when hedge fund managers pay lower tax rates than nurses or the truckers

Lindsey Graham

If competition for Kaggle's top talent becomes fierce enough among banks, insurance companies, hedge funds - we hope the world's best data scientists will earn more than $50 million per year, just like the world's best hedge fund managers.

Anthony Goldbloom

Art is a form of asset. Hedge-fund managers who have made money fast should diversify into other areas.

Michael Steinhardt

In America, we have subsidized private jets, big banks and hedge fund managers. Wouldn't it make more sense to subsidize kids?

Nicholas Kristof

Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

David F. Swensen

The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.

John C. Bogle

I much more enjoy the company of freedom fighters and justice campaigners than I do the company of hedge fund managers.