Hedge Fund Terms. An Overhaul.
Wednesday, 01 April 2009 | 2:23 pm
Ideal Hedge Fund Terms: For a host of reasons, hedge funds have not offered the most investor friendly terms. The cynical view is that hedge fund managers will get away with as much as they can. The fees are high, the performance fees are charged and cannot be reclaimed if there is a subsequent loss,
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What do Investors Want?
Tuesday, 31 March 2009 | 11:19 am
2008 was a traumatic year for investors in pretty much any asset class or strategy. In 2009, I’ve been reading a number of investor surveys seeking to discover what investors want. I am as usual focusing in particular on the hedge fund industry. Key findings: Investors continue to favour larger hedge funds in
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The Blame Game
Monday, 30 March 2009 | 3:57 pm
I’ve been thinking about who is to blame. The first answer that comes to mind is my parents, because they are usually to blame for just about everything else, but I am not sure I can pin Madoff or the Credit Crunch on them.
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Recovery or Bear Market Relief Rally?
Friday, 27 March 2009 | 11:08 am
For those of us who have lived through major bear markets there is significant skepticism about the current equity market rally. Reasons to be optimistic: · Economic data is improving. The extreme inventory destocking in late 2008 is being reversed. Housing prices are stabilizing. Housing transactions are rising. · China as an
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The Ultimate Hedger
Thursday, 26 March 2009 | 5:28 am
We clearly have seen the demise of risk management as we have known it. Nassim Taleb spoke very eloquently about the Black Swan, but I suspect even he did not anticipate a gigantic flock of black swans soiling the world’s financial markets. So, where do we look for a better way?
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