A Quote by Stephen A. Schwarzman

It's important that we educate Americans about how hedge funds and private equity play completely different roles.

Stephen A. Schwarzman

Quote Topics

About Different Different Roles Educate Equity Funds Hedge Hedge Fund How Important Play Private Private Equity Roles

Quote Author

Stephen A. Schwarzman
American - Businessman

Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.

Michael Lewis

Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.

Jack Reed

I would much rather invest in stocks, bonds, private equity and hedge funds than watches.

J. J. Redick

For most Indians in America, wealth is not inherited. Neither do we make it as heads of large hedge funds and private equity funds. For us to make it to the top, we have to use our knowhow to create great new technology products and build high-tech companies.

Romesh Wadhwani

Our economy is a plantation run for the aristocrats - the CEOs, hedge funds, private equity firms - while the field hands are left with the scraps.

Bill Moyers

When I was 23, 24, I started covering hedge funds - a lot of this was luck - when no one else did. This was before hedge funds were the prettiest girl in school: this was pre-nose job and treadmill for hedge funds, when nobody talked to them - back then, it was just all about insurance companies and money managers.

Stephanie Ruhle

I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations.

Charlie Munger

Improving oversight of hedge funds and other private funds is vital to their sustainability and to our economy's stability.

Jack Reed

I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

Eugene Fama

It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

Kenneth Rogoff

Venture capital has peaked in terms of its appetite, in terms of how much money it wants to put in. So now private equity funds are piling in. Primarily because interest rates are virtually zero so there's no fixed income play and they're not moving around.

Kevin Kinsella

Hedge funds are other hedge funds' toughest competition. And there are just more of them, and it's tougher and tougher all along.

Julian Robertson

We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.

Stephen Pagliuca

Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.

George Soros

As a community, we're fighting for Asians to play Asian roles. And then there's the other battle, which is Asian Americans playing roles that aren't written for Asians, and I think that's something that completely should happen; Why can't an Asian American male just play a leading cop figure... or the Matt Damon roles?