By the AR editorial staff
Photographs by Chae Kihn
| Michael Hintze, Kyle Bass, Peter Briger |
Hedge fund assets may be down 30% from their peak of $2.65 trillion in 2007, and markets have been vacillating during the past year, but speakers at the seventh annual AR Symposium are optimistic they’ll be making lots of money in the year ahead.
“I feel like a kid in a candy store,” said Peter Briger, co-chairman and chief investment officer of Fortress Investment Group. Briger is excited about the opportunities to pick up cheap assets that banks are unloading as economic distress continues. But he’s not the only one who thinks the future looks golden.
Distressed investing, commodities like energy, and suddenly resurgent equities are all great areas for investment, according to the panelists at the event. Meanwhile, macro investors look worriedly at the world as currency devaluations dominate...