(For other news from the Reuters Hedge Funds and Private Equity Summit, click here)
JAMES CHANOS, PRESIDENT, KYNIKOS ASSOCIATES
"The question of public and private pension funds investing in hedge funds is still the hot issue. It is less about systemic risk, it is less about short selling."
"One hedge fund blew up last year and you just can't regulate people doing stupid things with their money."
STEVEN RATTNER, MANAGING PRINCIPAL, QUADRANGLE GROUP LLC
"We view magazines as an area of interest to us. The mood has improved toward magazines recently."
"This is better than it gets for the private equity industry. No one should confuse the talents we have with an unbelievably strong tailwind. Among all the bubbles, the bubbles in the credit market is one of the greatest. It is beyond any rational measure. We are feasting off the imprudence of our lenders. They are subsidizing our transactions and are allowing us to make deals that wouldn't have made any sense."
"I still think it is an accident waiting to happen. It could end because the overall economic picture changes. People could wake up and say, 'What were we thinking.' I think the accident could be pretty bad."
TOM LISTER, MANAGING DIRECTOR, PERMIRA Continued...
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| Global Environment | Oct 06 - 8, 2008 | Energy |
| Autos II | Sep 30 - Oct 01, 2008 | Hotels/Casinos |
| Restructuring | Sep 22 - 26, 2008 | Financial Services/Exchanges |
| Autos | Sep 15 - 17, 2008 | Autos |
| Russia Investment | Sep 08 - 9, 2008 | Country Summits |
