Interesting long article about the demise of alpha – that is a positive return over and above what the market can intrinsically produce. I would probably add that there has never been a situation in history where money managers have en masse produced alpha, so the situation being described is not new. Fund managers have…
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I have been watching with some interest the scrag fight that surrounds Herbalife (HLF). Before going into the details of this brawl it is instructive to look at a chart of HLF and pick which direction you would have preferred to have been facing for the past year. On one side of the…
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He may have failed in his bid to block Dell Inc.’s management buyout, but the last 12 months have been very good to Carl Icahn, all the same. Icahn’s net worth soared nearly 40% to $20.3 billion, making him the richest alternative investments honcho in America, according to Forbes magazine. Icahn placed 18th on the annual Forbes…
DetailsI have two contenders today for the stupidest regulatory idea of the day and the stupidest quote of the year. The stupidest regulatory idea is undoubtedly allowing hedge funds to advertise to the general public and the far and away club house leader for stupidest quote of the day is from Bob Rice the managing…
DetailsAt the height of the financial crisis in 2008, a group of famous hedge fund managers was made to stand before Congress like thieves in a stockade and defend their existence to an angry public. The gilded five included George Soros, co-founder of the Quantum Fund; James Simons of Renaissance Technologies; John Paulson of Paulson…
DetailsEmployees—down to the secretaries and limo driver—started calculating their bonuses. Because of Hunter’s profits, the firm had earned money to divvy up at the end of the year. The largest bonus by far went to Hunter, with the farm-country boy from Calgary netting a bonus of $113 million. More here – SALON
DetailsI am not a macro investor by any sense of the word but I always find Hugh Hendry interesting.
I have noted with some amusement that financial commentators have gone a flutter in their nether regions at the thought of George Soros trading the $A and how it is reported that he made a profit of $18.6 million. Whilst, having $1 billion to throw at a trade must certainly be exciting and $18.9 million…
DetailsFunny thing is I thought that according to this group derivatives were the spawn of the devil……oh but thats right they are only the spawn of the devil is you lose money doing it. I would guess so to is taking billions in bail out money was also pretty bad but WTF…. And for a…
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