Bermuda Hedge Fund Meeting Attendance Down

by Carla Johnson, Investors Offshore.com

23 October 2001

Reuters news agency has reported that dozens of participants due to attend the hedge fund industry's biggest conference of year have pulled out because they are still reeling from the effects of the September 11 terrorist attacks in America.

Many have said there are company travel bans on their movements and others have simply decided to stay at home after request from their families to be near them. Already 50 registered participants have said they will not be attending next week's conference on Hedge Fund Investments.

The conference organisers have confirmed that many have not even booked as is the usual practice; there are still tickets available for the conference which is normally a sell-out months ahead. It is expected that around 800 people will attend compared to last year's turn out of 1,200.

One hedge fund marketer, who wished to remain anonymous, said the costly registration fee of $2,295 plus additional costs for hotel and travel, could also be a factor helping some people to decide to give this year's conference a miss because many are tightening their fiscal belts since the attacks. He said: 'That conference was one non-stop party with dinners and cocktail parties on the beach and loads of fun. But from a business standpoint, I just could not justify the cost of going this year.'

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