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Where is Hedge Fund Money Going?

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  • Description

    FBN’s Charlie Gasparino with the latest details from the SALT Conference.

  • Duration 3:54
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Already got some news now from what is really the biggest hedge fund industry conference in the entire world.

The conference is -- assault takes place in Las Vegas and that's where we pick up the phone with our very own -- -- -- Charlie what's happened since we talked yesterday and -- -- have you gone to sleep.

I was related news is that -- mopped -- our eyes.

And Bay Bridge could be -- really.

Really religious event last night's closing and -- I prayed that this is a great place because.

It's like you know every single major hedge fund guys here I mean he's sold my tweets from yesterday I mean.

Still Falcone went -- -- state debt -- -- -- -- that attack against Yahoo!.

-- -- Starwood chairman is actually really sport investor.

I mean this is a place where you can you know -- luckiest -- learn a lot about the markets.

And you know it's great network -- -- -- -- that's what guys here.

Social place because it's -- Las Vegas where you could hurt a little bit and or in my case a lot and a I'm not certain and I wish I could get to -- a great exploits last night but -- It really was you know double Martinis while more than a couple thousands.

Of players and -- at stake in -- bed.

Some highlights from the conference a lot of these things are off to record we did speak to people and they were -- out I mean Barry start might -- one of these things.

-- did to the Obama administration -- -- pretty.

Pretty much about you know basically you know sixties exactly you know I was you know.

These things or to a wreckage -- the quote the people come out.

But is -- exact quote something along the lines of you know you can't to Actuate to prosperity.

It is extremely dismissive of the economic policies of President Obama.

-- global from what I understand spoke about Yahoo! you know he's a he didn't want to change in the CEO CEO as you know -- Thompson.

Allegedly or at least I think the company discloses.

You know popped up his resume -- he ran a tech company when he did or at a background technology when it didn't which is -- little odd given the fact that you running Yahoo!.

You know he basically said that some of the twentieth and Tuesday it was pretty funny quote he doesn't want -- to CEO of Yahoo! -- activist shareholder.

Remember he's about to be attacked these -- exorbitant CEO position of -- nobody make great board member.

We'll see -- with distinction -- -- -- Gamble of third point to be active shareholder vote to get rid of the CEO made probably will.

The -- sit on the board that was suggested.

Credit -- and start not a pretty picture trying to picture -- or capital.

You know even tell us you know from what I have stated.

Every year -- talk about the Volcker -- -- a lot of these guys are traders here right.

But they -- and hedge fund side not the Wall Street side because of the vocal rule.

-- or Wall Street.

Traders.

Are like there's not a betrayed -- they can't -- giving risk.

So they're bolted for the hedge fund business and he was talking about getting a court date from big time traders about working -- so Volcker Rule.

Really is having an impact on Wall Street I should point out that besides -- predict.

You know fight to the survey here they would -- -- bombs that would reelection.

I think.

That is -- overly optimistic totaled about you know what about the Wall Street guys to go that well maybe -- credit risk they have been mapped.

That is it Wall Street -- or on the stand -- -- it's good old is the it -- if this probably get the president.

You know I think the -- rules would be watered down if the Republicans would tree branches.

Which is possible.

The Volcker Rule -- and got dot -- is done.

So I mean I out of the big getting snapped like -- the other -- assistant outlawed political talking about it.

-- like a likely and -- you know maybe almost definitely second two.

Are right Charlie good stuff in while keeps up today behave yourself and we'll talk to see Charlie Clinton targeted -- I -- the salt conference in Vegas as we do every fifteen minute.

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