The markets opened up strong. Its the last week for HF managers and other financial professionals to try and justify the gigantic fees the keep charging. Information arbitrage had a good take on the subject. DE Shaw is struggling and heading into Private Equity. At this point the HF private equity is running on hype and marketing. I dont blame them. I would try and keep the current fee structure in place as long as I could. Nevertheless, investors are going to have some questions to ponder after this year. How can Citadel employ 1000 people and spend 5.5 bln in trading costs and it be a longterm strategy for the future?