Fake Hedge Fund Manager Fakes Death Using Fake Assistant

He never made real investments with funds, instead using the money for personal use, authorities said. To keep his companies going, he issued false earnings statements. “By pretending to be a successful hedge-fund manager, Malik conned investors into bankrolling his lavish lifestyle,” Andrew M. Calamari, director of the SEC’s New York Regional Office, said at…

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Hedge fund robots are crushing their human rivals

Its intriguing that they call trend followers robots – it is certainly robotic in execution but doesnt need a robot to execute. That’s a key lesson from 2014, when computer algorithm-led investing produced stellar returns, beating most gut-driven human managers and dramatically recovering most of their losses from 2011, 2012 and 2013. So-called managed futures…

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We Are All In The Wrong Line Of Work

Anyone who says the American Dream is dead doesn’t work at a hedge fund. Last year, hedge fund employees earned more money for lower performance. The 2015 Hedge Fund Compensation report indicates that hedge fund professionals’ bonuses and salaries increased this year, and that funds plan to boost hiring in the near future. However, according to…

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