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[QUOTE]Originally posted by legaleagle: [QB] Here is an intersting exchange that took place on Paltalk the other night: crazyfordiamonds: Talked with Joel Katzman President and ceo of JP Morgan alternative asset Management (hedge Funds) yesterday as my show interviewed him crazyfordiamonds: actually I shot the interview crazyfordiamonds: talked to him about cmkx crazyfordiamonds: basically my reporter and I talked with him for about a good hour. his interview ran yesterday on our show Nightly Business Report nexdude: What station? crazyfordiamonds: pbs crazyfordiamonds: we're a national show nexdude: When will it air? usfoodman: talked to who for an hour??? crazyfordiamonds: business sgbry_1: crazy who did you talk to teamplayersbc: give us the juicy part crazyfordiamonds: Joel Katzman he is President and CEO of JP Morgan alternative asset Mangagment…(hedge funds) crazyfordiamonds: anyway usfoodman: what does that have to do with CMKX crazy crazyfordiamonds: he said the sec is asking him for help as far as this shorting thing because they don't have a clue TBeezley1: hahahahaha crazyfordiamonds: I'm getting to that us usfoodman: ok crazyfordiamonds: he is giving them classes at the start of Feb 2005 TBeezley1: funny crazyfordiamonds: what to do and look for crazyfordiamonds: Anyway We talked about CMKX crazyfordiamonds: I told him about the company and asked him if he know of the company teamplayersbc: juice commin up crazyfordiamonds: I laughed you guys should of seen the look on his face crazyfordiamonds: he smiled and tried to play stupid with me crazyfordiamonds: he later said that yes he had heard of the company TBeezley1: Probably had 50 bil naked shorts in his back pocket TBeezley1: Wonder if he's based in the Bahamas. crazyfordiamonds: well he said there's a big problem with shorting in all Hedge funds TBeezley1: No doubt pontiyak: crazy...duh ! crazyfordiamonds: he said sho will not effect many of the stocks it will take along time before it does crazyfordiamonds: he did not disclose the amount of CMKX he or the company owes however he knew of the company and continues to follow the company./He was aware of the companies holdings up in Canada and other places crazyfordiamonds: Tbeezley I'm a photographer/editor for the show TBeezley1: got it. crazyfordiamonds: i edited the interview last night TBeezley1: Glad you're part of us crazyfordiamonds: glad to be here crazyfordiamonds: I believe we will see the big money as we have talked about in here very soon Warm Springs Rd: "very soon" ? crazyfordiamonds: yes Warm Springs Rd: Yay ! ? crazyfordiamonds: I know once the filing gets out the games will be over crazyfordiamonds: As per Joel Katzman many investors with the big cash are afraid to invest in a pinkie stock so many of them have folded. In the case of CMKX it’s totally different they have assets TBeezley1: Did Katzman SAY "they have assets." TBeezley1: ? TBeezley1: What an endorsement that would be... crazyfordiamonds: He is including the land ownership, TBeezley1: Right TBeezley1: Sounds like he knows quite a bit about our little stock. crazyfordiamonds: let me check and see if it's on our website crazyfordiamonds: it actually aired last night on my show crazyfordiamonds: that what I'm checking now crazyfordiamonds: I was at work I did post it on RB crazyfordiamonds: 01/19/05: One On One With Joel Katzman, the president and CEO of JPMorgan Alternative Asset Management Good Thing crazyfordiamonds: SUSIE GHARIB: Hedge funds are one of the hottest investment trends. Their assets have doubled in the past five years to just under $1 trillion. That`s one reason the Securities and Exchange Commission is now scrutinizing hedge fund practices and requiring many managers to register with the agency for the first time ever as investment advisors. crazyfordiamonds: Joel Katzman, the president and CEO of JPMorgan Alternative Asset Management, is one of the industry`s leaders. When he spoke with our Jeff Yastine earlier today, he said the growth of hedge funds is accelerating. crazyfordiamonds: JOEL KATZMAN, PRESIDENT & CEO, JP MORGAN ALTERNATIVE ASSET MANAGEMENT: The big difference has been institutional interest in the asset class. When the markets went into a tailspin starting in 2000 and 2001, crazyfordiamonds: you had a lot of institutions who observed that hedge funds managed to preserve capital and make small amounts of money in that time period and the feeling was that they are an attractive asset class for diversification. So it`s the incremental institutional interest that`s created the increased interest in the asset class. crazyfordiamonds: JEFF YASTINE, NIGHTLY BUSINESS REPORT CORRESPONDENT: The impression that a lot of people have in the public about hedge funds is that it`s a gun slinger, somebody who takes really big risks in an asset class like the stock market. Why would institutions be wanting to dip a toe in the hedge fund waters, so to speak? crazyfordiamonds: KATZMAN: The actual fact is that a very, very small number of hedge funds fit the category that you just described. The overwhelming majority of hedge funds are looking to protect capital in down markets and in return for putting those hedges on, are generally willing to accept lower returns in very, very strong up markets. crazyfordiamonds: And as a result of that, you have a very, very attractive risk/return profile for investors looking to diversify away from traditional equity markets. crazyfordiamonds: YASTINE: The SEC is taking its first step towards regulating hedge funds of a certain size and previously hedge funds really had very little regulation. How is this SEC oversight going over in the hedge fund community? What are managers saying about it? crazyfordiamonds: KATZMAN: Well, any industry in the United States that hasn`t previously been regulated, that`s faced with regulation, is going to say that regulation is bad and it`s a really bad idea and it shouldn`t happen. The reality is two things. First, that I think in the long run, crazyfordiamonds: requiring hedge funds to register will be in the interest of the industry. Secondly, I think that the concerns that the hedge funds have about the amount of burden that they`ll have to go through in complying with the regulations is overdone. crazyfordiamonds: Some of the smaller hedge funds will obviously be burdened more than others. But at the end of the day, I think the concern is in excess of what`s really going to happen. crazyfordiamonds: YASTINE: Could the fact that the SEC`s getting involved in looking over the hedge fund community, could that help in some ways to legitimize hedge funds as an asset class? crazyfordiamonds: KATZMAN: That`s exactly why I think it`s good for the industry crazyfordiamonds: YASTINE: Let`s talk about the perception, the image of hedge funds. It seems like usually the time that we all in the media write about it is when a hedge fund blows up and looses its investors` money. Is that an unfair image and has the industry sort of moved beyond that? crazyfordiamonds: KATZMAN: It`s absolutely an unfair image. Again, generally speaking, the industry tends to be risk averse. Statistics have shown time and time again that hedge funds do a much better job of protecting capital in down markets than traditional funds do. And I believe that as you mentioned, crazyfordiamonds: that reporters will latch on to things that are interesting to write about. I guess it`s no different than reading about all the planes that had accidents, as opposed to the ones that flew without any problem, whereas the incidence of that is very, very small. So the reality is hedge funds have gotten a much better name in the last few years as they`ve held up in down markets crazyfordiamonds: YASTINE: Mr. Katzman, we`ll end it there then. Thank you very much crazyfordiamonds: KATZMAN: Thank you. crazyfordiamonds: YASTINE: Our guest Joel Katzman, president and CEO of JPMorgan Alternative Asset Management. pontiyak: thanks crazy crazyfordiamonds: it's on our site [URL=http://www.nbr.com]www.nbr.com[/URL] coach_6: [/QB][/QUOTE]
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