Category Archives: Hedge Fund Commentary

Hedge Fund Lock-Ups in Focus after Cerberus Announcement

There have been many questions about the Hedge Fund Lock-ups which were announced by Cerberus Capital today. Many of the explanations & by the major media outlets have been unclear if not incorrect. Image / CC BY 2.0 One of the main misconceptions with most of the articles presented in the media is that the Lockups will affect existing hedge […]

The Securities and Exchange Commission Post-Madoff Reforms

The SEC has just released the information below regarding the actions it will take in the wake of the Madoff scandal. Pillsbury is sponsoring a program in San Francisco on this topic, October 8, 2009. In the wake of the Madoff fraud, the SEC’s Office of the Inspector General launched an internal investigation in December 2008 to determine why the […]

Top 50 Hedge Fund Rankings

West Palm Beach (HedgeCo.net) – The Hedge Fund Journal’s Funds of Hedge Funds GLOBAL50, produced in association with Newedge Prime Brokerage Group, reports that minus a few exceptions, funds were happy to participate in the survey and submitted their assets under management figures as at 30th June 2009, which goes some way to prove that funds are taking the issue […]

Geithner’s Rant, Obama Administration’s Desperation?, Ramifications of the Clunker Plan

This story is quite disturbing. The Obama administration is sliding down a slippery, or should I say, slimy slope. In Q4 of last year fear mongering was the tactic of choice to push policy (e.g. auguring global financial ruin if senators didn’t quickly pass questionable legislation.) In Q1 & Q2 of this year financial market manipulation was the potion incorporated […]

Short Interest Days Into Dilution Solution

The SEC has come out with permanent rules to solve the problem caused by naked short selling.  The pivotal problem is the exploitative danger of manipulation of volatility and resulting down spiral. The problem with regulatory approaches is a preference to add patches onto a bad system instead of re-engineering the whole system (for instance, The Federal Reserve System).  The […]

BHA Q1 2009 Alternative Investor Report

Working with a group of 150 alternative investment managers, alternative investor research company, Brighton House Associates,(BHA) published its Quarterly Research Report highlighting insights and trends from this research that are most pertinent to industry professionals. In summary of the report, the markets continued their downward trend in Q1, but the ability of hedge fund managers and alternative investors to adapt […]

Good Sight, Good Insight: Risk Management by Ed Seykota

I was discussing portfolio management strategy with a client who runs a long/short equity hedge fund. In his former life, he worked for a large Fund of Funds where he evaluated long/short equity mangers. In that role, he frequently referenced an article on Risk Management by Ed Seykota. He had increasingly become frustrated with traditional manager measurement techniques like VaR, […]

Cable TV / Network TV / On Demand Internet Video, Intel Earnings Revealed

Investment Themes Investment themes are the building blocks of any successful portfolio. The themes are created by innovation or paradigmatic shifts in perception that over time drive the herd in a new direction. Our job as portfolio managers is to constantly scour the investment world to discover these themes, track these themes and eventually profit from these themes. To that […]

What is the difference between hedge fund capital introduction and third party marketing?

This is a re-post of the original article from Evan Rapoport’s Capital Introduction Blog I often hear the terms Capital Introduction and Third Party Marketing used interchangeably. They actually however, represent two different services within the hedge fund asset gathering space. Capital Introduction is a service usually provided by hedge fund prime brokers. The biggest teams coming from the largest […]

MFA’s Richard Barker On The Private Fund Investment Advisers Registration Act of 2009

Richard H. Baker, President and CEO of the Managed Funds Association (MFA) wrote a letter to MFA members this afternoon, highlighting today’s announcement by the Obama Administration requiring all advisers to hedge funds and other private pools of capital, including private equity and venture capital funds, to register with the Securities and Exchange Commission (SEC). Baker highlights how the Administration’s […]