RCM Interesting thought: “Jim Bianco points out that if the remaining financials in the Dow were priced at zero, it would only lose another 300 points. So, they are rapidly running out of room to take the market lower.” While this thought has merit I would also point out that the financials will have an almost impossible time leading the […]
Penny Hersher tries to analyze hedge fund ethics and how they affect regulation over on Huffington Post. There are a a couple things wrong with the assumptions that she makes, but I’ll wanted to discuss something that is taken for granted in this post. Penny assumes that the hedge fund has a high water mark and is down 20% from […]
I’ve been spending some time in LinkedIn‘s hedge fund discussion boards. I came across this interesting question regarding the recent fraud scandals and how they effect hedge fund administration firms. I’m re-posting it for the benefit of those not on LinkedIn. Here’s the question: In light of recent developments in the hedge fund industry there is an increasing demand by […]
RCM Comment: 2008 was a successful year for us and 2009 seems to be continuing that trend. We are pressing our advantage in the month of January, focusing Fortune’s Favor I on three basic areas: 1) Long gold (silver) & related assets, 2) long energy pipelines, 3) selective short sales focusing on (but not limited to) the financial space. However, […]
The problem facing the United States today is NOT money, it is confidence. Now, Pres. Obama, Congress, and Wall Street may be lulled into the uninspired paradigm that GREEN is the answer: Throw money into the banking system, infrastructure, bailouts, … but this is NOT the answer. There is no balance that may be regained between monetary and fiscal policies […]
HedgeCo uses the Twitter micro-blogging platform to broadcast news as it happens. To get your news straight to your phone follow the following steps. Step 1: Visit the Hedge Fund News Update page Step 2: Click on the “Join Now” to create an account Step 3: Enter your name, email address and a password to finish the process. Once you […]
RCM COMMENT: The following story illustrates an exemplary thought process and one we must replicate if we are going to be successful managing money in this environment. Peter R.: Sometimes it can really be true that for want of a nail a battle can be lost. Take Secretary of the Treasury nominee Timothy Geithner’s tax and nanny troubles. The Senate […]
Legal claims against hedge fund managers are broad in scope. Such claims include not only those brought by injured investors in private causes of action, but also those brought by the Securities and Exchange Commission (“SEC”) and other federal or state government agencies. Hedge fund managers and investors must be cognizant of potential claims and liability. This memorandum, prepared by […]
According to a Reuters UK exclusive, hedge-fund firm GMB Capital Management, after loosing more than $50 million, is shutting down Boston-based GMB Low Volatility Fund LP. The fund had more than $100 million in assets. GMB Capital is run by MIT professor Gabriel Bitran and his son Marco. The father-son team told investors that the hedge fund would rely heavily […]
Obama’s Stimulus Package – New Yorker Review
I received an advance copy of an article from the financial pages of next weeks New Yorker, “A Smarter Stimulus”, where James Surowiecki describes the pros and cons of Obama’s plan to include more than a hundred billion dollars in individual tax rebates in his stimulus package. Although his promised tax cuts are a surefire political winner, he has also earned […]