Great site! I think it’s interesting that you should mention the future of hedge funds on the heels of the crisis-and-resolution in Dubai. While it appears Dubai’s situation (ponzi scheme?) has resolved itself for the time being, there is still the strong chance that it turns out to be the so-called canary in the coal mine: How long before another nation fails to back one of its large companies, resulting in another such crisis? Russia is on the edge; a collapse in Venezuala might set off a number of dominos in Asia.

Taken together with the fact that most American investors probably don’t have enough foreign exposure already, any sort of implosion might drive them further away, providing very fertile ground for more sophisticated investors. My concern would be that, once again, through a combination of rational and irrational concerns, the average investor would be left out in the cold while the hedgies would be able to take advantage of another Boom-and-Bust cycle.

-Matt