In the interest of full disclosure, First Avenue Partners of which I am a partner, runs a hedge fund seeding and incubation business.

“I like Asia.  You don’t have to sell me the story but I’m going to wait until the next leg down before making any allocation”.

In the interest of full disclosure, First Avenue Partners of which I am a partner, runs a hedge fund seeding and incubation business. I generally don’t talk my own book and I don’t intend to start now, but I will speak generally about the industry without specific reference to what we do. So please read

‘Reduce beta in May and go away’ may not have quite the lyrical simplicity of the original old market adage, but may well prove to be appropriate this year.