"Gold rush" on hedge funds/VC/PE

Is “concentration” the new politically correct term for “big bet”? (“Concentration Proves Winner At Hedge Fund”, Heard on the Street, from today’s Wall Street Journal) This quote is straight out of a hollywood movie…

Mr. Barakett is at the forefront of a new group of hedge-fund titans. He started Atticus — named after Atticus Finch, the crusading lawyer in the Harper Lee novel “To Kill a Mockingbird” — with $5.8 million in 1996 after playing a year of professional hockey in Switzerland and doing stints at venture-capital and hedge-fund firms. It took him six months to raise money for the fund, but today investors are eager to get in.

Mr. Barakett’s firm is now worth $15B dollars!! That’s tremendous. Why all the attention on HedgeFund/VC/PE guys now? (Besides the obvious reason they’re making tons of money) There seems to be a “gold rush” to VC/PE these days. Easy ticket to untold fortunes. I was once told (jokingly) that once MBAs flock to a particular industry, it usually dies a painful death. (eg. dot com era, now real estate). Is VC/PE next? Even so, I can’t help but think I better start networking with some VCs to learn what its all about. Anyone willing to give me a few million dollars to invest?

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