I was interviewed on Fox Business News by Liz Claman this past week and spoke about 8 Mistakes Money Managers Make. Here’s a recap of those 8 mistakes. The interview can be found here and the full article can be read on Alpha Theory’s website. 1. Confidence Bias- only search for information to support your thesis 2. Good Stock Paradox- […]
Here’s a list of madoff feeder funds, and the amount of money was reported lost Fairfield Sentry Ltd ($7.3 billion)(1)(2) Rye Select Broad Market Fund LP ($3.3 billion)(1)(2) Kingate Global Fund Ltd. ($2.8 billion)(1)(2) Herald USA Fund & Herald Luxemburg Fund ($2.1 billion)(1)(2) Ascot Partners L.P. ($1.8 billion)(1) Gabriel Partners ($1.5 billion)(1) LUXALPHA SICAV- American Selection (1.4billion) (1) M-Invest Ltd (as much […]
The Times broke a story which based on “Internal forecasts” the reported losses of investments made into Madoff funds by Credit Suisse clients could reach $925 million. This follows the admission that Swiss bank UBS lost $1.4 billion. Credit Suisse are standing firm on their statement that they didn’t have anything to do with promoting or selling Madoff investments. While […]
The big news today is that Thierrie de la Villehuchet, co-founder of Access International Advisors, and former Chairman and CEO Credit Lyonnais Securities USA was found dead in his Madison Avenue office. Initial reports point to suicide. Not a lot of information is public right now but following are some bullet points. Access International Advisors website claims that they “Specializes […]
It looks like the market for `financial dream jobs´ may have actually perked up amidst the financial turmoil of the past few months. Investment managers saw a 22% increase in job offers as rival firms take advantage of the increasing number of financial services workers looking for a job by “snapping up the cream of the crop on much less than […]
This year in hedge fund philanthropic news, Canada’s hedge fund industry gathered in November to raise $150,000 in support of Hedge Funds Care Canada (HFCC), which is dedicated exclusively to the treatment and prevention of child abuse and neglect. Corey Goldman, President and Director of Hedge Funds Care Canada said, “Hard times bring stress, and stress causes pain but there is […]
Hedge funds started in China in the early 1990s, and has so far undergone four stages: infancy, formation, mindless rush, and adjustment & standardization. Currently hedge funds in China fall into two categories. One is those companies backed up by the government, including brokers managing pooled property, trust and investment companies’ trust and investment projects, and investment companies managing their […]
Interesting article from 1969 Fortune Magazine, sent to me by Oliver Bergman of First Avenue; “Bears should have had a fine time in the 1969 market. But some followers of the hedge concept got clobbered on their shorts while being murdered on their longs. Worse than that, the SEC is moving in……..” Hard Times Come To Hedge Funds
I’m working recently on my personal blog which I have been maintaining for the last 5 years. Recently I committed to putting more of my time into it and publishing regular content onto it, the blog has no topic so you’ll find a lot of posts on various subjects. Yesterday, I posted the exit letter which Andrew Lahde posted before […]
The Society of Actuaries and Pension Governance, LLC has released a new research report that explores current pension risk management practices. The 69-page study by Susan Mangiero looks at the responses of 162 retirement plan decision-makers in the United States and Canada. In answering broad questions, a majority of surveyed plan sponsors describe themselves as doing all the right things […]
“I’m confident in the long run this economy will come back.” – U.S. President George W. Bush. “By restricting flows of credit to households, businesses, and state and local governments, the turmoil in financial markets and the funding pressures on financial firms pose a significant threat to economic growth.” – Bernanke. “I believe a forum to decide on big changes […]
I have been reading the somewhat lengthy (aprox.250 pages) Global Future Analysis report by the Planck Foundation, I’ll try to do a short(ish) review. “It has been said that there are three types of people: Those who make things happen, those who watch things happen and those who wonder what happened,” it says on the cover of the report. The […]
Interesting article here about Nigeria, and an inpending oil war. I came across this interesting tidbit on a Lehman insider. There are some common questions and answers here on the Future of Hedge Funds. In order to calculate quantitative statistics automatically and generate printed marketing materials on the fly, this Hedge Fund Calculator may come in handy. The calculator also […]
The Council of the Islamic Financial Services Board (IFSB) admited Korea’s regulatory and supervisory authorities as the latest members of the IFSB. The admission of the two Korean authorities, together with other new members has increased the IFSB membership to 175. Some of the newly admitted members: 1. Financial Services Commission & Financial Supervisory Service, Korea 2. Khaleeji Commercial Bank […]
New interview with Hedge Fund – Diamond Peak Capital
Our most recent manager interview is now availabe to accredited investors on HedgeCo.Net. The interview with Diamond Peak Capital gets into detail of the structure/strategy of the fund, as well as what it takes for a hedge fund to stay afloat through one of the worst year ever for the hedge fund and fund of funds indexes.