Dresdner Kleinwort certainly seems to know how to cause a stir! Analysts Stefan-Michael
Staimann and Susanne Knips have put out a 50-page report on hedge funds, warning
of a "great unwind". The report got picked up by Alan
Abelson at Barron’s and by the FT’s Alphaville
Munchau. It was blogged by Lars
Toomre and Alexander
Campbell and Michael
Panzer Pazner and Nouriel
Roubini and Naked
Capitalism and literally dozens of others – most of whom ended up
quoting either Alphaville or Barron’s and haven’t actually read the report,
not that that stopped them from praising it.
So, is it time to make this report public, d’ya think? I always feel a bit
uncomfortable when a lot of people all end up quoting the same tiny bit of a
50-page report, without even having had the opportunity to read the whole thing.