HEDGED.BIZ

A look at economics, markets, finance and the irrational human being

I Have Faith in Humankind

I have faith in humankind. Despite the perils that beset us, we will be here ten thousand years from now. And longer. The survival of the species is not the issue here. The path we take over the next few hundred years is. The path of civilisation is not linear. The past hundred years has
Read more
No Comments

Hiring and Managing Investment Teams

Investment management is not just a job, its a craft. Practitioners of the craft are not just motivated by money but also by the autonomy they are afforded. You cannot influence the manager with carrot or stick. You might appeal to their professional respect as a fellow craft. Impose your will and they will either
Read more
No Comments

Semi Liquid and Evergreen Funds

Semi liquid funds have become a bit of a thing in the past few years. They serve a purpose. There are some drawbacks: There are more serious complications and risks: Semi liquid funds have grown in AUM from circa US$120 billion in 2020 to over US$600 billion in 2025. There is an interesting dynamic at
Read more
No Comments

Towards a theory for impact capital

The liberal democratic, free market economy has generated significant wealth for the world. However, it also appears to tend toward an unequal distribution of that wealth. One plausible reason lies in the unequal scalability of inputs to production. Labour is weakly scalable, capital more so, and intellectual capital close to limitlessly scalable. Ownership of capital
Read more
No Comments

Market Outlook 2026

Geopolitics: A belligerent US is a serious complication to the outlook. The objectives of the Trump administration are a bit unclear as their economic and social aims may not be compatible with current international norms. Conquest for the sake of conquest is a risk we have to entertain. Europe is in the crosshairs and much
Read more
No Comments
TOP

DISCLAIMER / DISCLOSURE

The information, articles and content on www.hedged.biz are written by an industry professional who is currently in the investment industry working for a professional institution. By viewing or participating in discussion on this site, you understand that the opinions expressed here do not reflect the opinions or recommendations of such professional institution but is the author’s personal opinion.

 

The information in this site is believed to be reliable, however, no representation is made that it is complete or reliable. No reliance may be placed for any purpose on the information and opinions contained in this site and no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained here.

 

Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security or other instrument. Before investing, consider your investment objectives, risks, fees and expenses. Any purchase or sale activity in any securities instrument should be based upon your own analysis and conclusions. Past performance is not indicative of future results