“The main reason investors struggle with how to react to bad news is that they really haven’t figured out why they own the stocks they own.” – Bill Nygren, Oakmark Fund     I have read several articles, like this one from Securities Industry News, over the past month discussing the coming trends of transparency. The article explains, “Several hedge […]

The hard lesson of 2008 for alternative asset managers was how to create liquidity quickly, and sufficiently to satisfy investors on demand. To prevent the fire-sale of assets at distressed prices to satisfy these demands, many funds raised gates or suspended redemptions. While these strategies proved somewhat successful in the short-term at preventing those distressed sales, those same funds now […]

“The Treasury’s White Paper on ‘Reforming financial markets’ is almost exclusively about reforming regulation of the UK banking system, with only a very short section on the hedge fund industry. However, that section is very helpful both in terms of tone and content and we are glad to welcome it. The Treasury is quite right to stress that the UK […]

The Credit Suisse/Tremont Hedge Fund Index finished up 4.1% in May, with nine out of ten sub-strategies posting positive returns. Key findings from the report include: Emerging Markets managers, up almost 7% in May, benefited from increased optimism about global growth and rising commodity prices, with Eastern European-focused managers outperforming other regions for the third month in a row. Convertible […]

The Internal Revenue Service issued another notice this week regarding the procedure for late filing of the 2008 Form TD F 90-22.1, “Report of Foreign Bank and Financial Accounts” (FBAR). Taxpayers should make every attempt to file timely, as reports filed late need to be filed in duplicate. The original is to be filed according to the instructions on the form, along with […]

Last week, Freddie Mac reported that the 30-year fixed-rate mortgage rate was 5.38 percent, down from the prior week’s 5.59 percent tally. In June alone, the rates have fluctuated an average of one quarter of a percent each week. The news is grim for anyone trying their luck at purchasing when rates hit their absolute lowest. But, many buyers are […]