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To: Bid Buster who wrote (436)	3/3/2007 2:28:15 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 1718

Hedge funds have been around for a long time and will be around for a lot longer. Hedge funds are only a formal name for what has gone on since the beginning of modern man: investment/speculation. There is no reason that market activities need to be relegated to prop trading desks. If you're a bad ass investor, why on earth would you stick it out as a company man at an Investment Bank making $10mm a year when you can do $100+ in your own fund? It's about being an entrepreneur and that always attracts the best and brightest...full stop. There are good funds, there are bad funds. If you're saying the bad funds won't be able to raise 1 billion and charge 2/20, then yeah, definitely. But the best will always be the best and given the increasingly complex nature of the markets, the hedge fund industry will continue to grow. In aggregate, hedge funds are FAR, FAR more sophisticated than daytraders. Please don't use the two in the same sentence. It's like comparing Michael Jordon to Fred the basketball player at your local gym.