Jane Buchan, CEO and co-founder at Pacific Alternative Asset Management Co., told Bloomberg TV’s “Market Makers” today that when they’re looking for a hedge fund manager they don’t want any so-called “hedge fund hipsters.”
No, she’s not talking about hedge funders who rock skinny jeans and messy haircuts.
“We’re looking for people who have unique ideas. We don’t want people who we call ‘hedge fund hipsters’ — people who are contrarian just for the sake of being contrarian…” Buchan said.
Correction: An earlier version of this post incorrectly referred to Pacific Alternative Asset Management Co. as PIMCO.