Top Ten List of hedge fund manager quotes

From Paul.kedrosky.com: An entertaining "top ten" list of quotes (some perhaps apocryphal) from hedge fund managers, according to a recent presentation by someone from U.K.-based Hermes:

10. “If we don’t charge 2 and 20, no one will take us seriously.”

9. “We are 75% cash because we cannot find sufficient investments.”

8. “We charge 3 and 30 because that is the only way we can keep our assets under several billion.”

7. “We don’t invest in crowded shorts.”

6. “I haven’t shorted before, but I do have my CFA.”

5. “Managed Futures are a better investment than Hedge Funds because Hedge Funds are a zerosum game.”

4. “What’s a Master Trust?”

3. “Your Head of Equity doesn’t understand our Hedge Fund strategy.”

2. “Basically, I look at the trading screens all day and go with my gut.”

1. “He will be with you in a minute sir, he’s still meeting with his architect.”

Source : http://paul.kedrosky.com/archives/2007/06/24/top_ten_list_of.html