By Scott Ronalds

Be it resolved that hedge funds are dead - or at least the model as we know it needs to change.

This is the position that Tom Bradley argued in a debate yesterday at a luncheon held by the Alternative Investment Management Association (Canada’s hedge fund association).

With a tougher environment ahead, increased scrutiny from regulators and clients, and a weaker performance record to sell, Tom opined that the hedge fund model which has earned a reputation of being client unfriendly, under-regulated and exorbitantly expensive is certainly in intensive care, if not dead.

You can read Tom’s full argument in today’s Globe and Mail. Both sides also presented their case on BNN yesterday with Howard Green. Watch the rerun here.