From the link: http://nymag.com/nymetro/news/bizfinance/finance/features/10426/
“Investment bankers?” says one hedge-fund guy. “Their lives are miserable.” He ticks off the shortcomings—he seems to have been keeping track. The punishing hours, the endless pitching, and all those dull, needy clients. What could be worse? Perhaps only a job at a sleepy mutual fund, a plain vanilla, as the hedge-fund managers sometimes call them.
By comparison, the hedge-fund manager’s life seems effortless. Gloriously client-free and with reasonable hours. “I got into this business,” says one hedge guy—is he stifling a yawn?—“so I could make money while I sleep.”
This is a MUST read article!
Will summarize soon :)
Gerry Som.
However, regardless of what situation or application your business deals with, the core definition remains constant; asset management is "a systematic process for identifying, cataloging, monitoring, maintaining, operating, upgrading and replacing the physical assets of the business on a cost-effective basis". Andrew Fanelli
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