Buffett, Cohen, and Loeb Lead Hedge Fund Attack

The video discusses the challenges facing hedge funds, including high fees, talent shortages, and increased competition. Prominent figures like Warren Buffett and Steve Cohen express concerns about the industry's current state. The debate on the fee system's effectiveness and investor strategies is highlighted, with insights from Chris Ailman and Cliff Asness. The video also explores the industry's struggle to deliver high returns and attract new talent, as well as the shift of smart students to other sectors like Silicon Valley.

What challenges are smaller hedge fund managers facing in the current environment?

What factors are contributing to the shortage of talent in the hedge fund industry?