The CPIC

I have to say that it's interesting that Jim Chanos's Coalition of Private Investment Companies is empowered to speak for the hedge fund industry to any extent. The Managed Funds Association is a much longer-standing industry organization, and has, unlike Chanos's group, a web site.

This is not to say anything against Chanos or Kynikos. He, after all, was instrumental to say the least in bringing Enron down and has long been a forthright and articulate advocate for short-selling amongst other practices. I sometimes disagree with him, but am rarely better informed than him. I just wish he'd bring some transparency to the CPIC if it is to become an influential lobbying arm.