Posts filed under “Hedge Funds”

The University Endowment Sweet Sixteen Bracket

Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work.

Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at least they paid a lot for the privilege . . .

 

 

 


Source: Chief Investment Officer

Category: Asset Allocation, Hedge Funds, Investing, Venture Capital

Top 25 Ranking of Alternative Asset Managers

Source: Chief Investment Officer

Category: Digital Media, Hedge Funds, Markets

Last August, we called out the San Diego County retirement fund for paying way too much in fees to Salient Partners, its outside pension fund manager. Terrific reporting by Dan McSwain at the San Diego Union-Tribune alerted readers to a dramatic increase in the use of leverage once Salient took the reins. Last night, the county fired Houston-based…Read More

Category: Asset Allocation, Hedge Funds, Really, really bad calls

The Wit, Wisdom, and Unapologetic Vitriol of Carl Icahn

click through for full article Source: Bloomberg

Category: Hedge Funds, Humor

The Trouble with Macro

Markets around the world start the week bracing for trouble as Greece spirals further into crisis. Can the country avoid a full-blown default? Will there be a Grexit? Will it stay in the euro zone and keep the single currency? It all looks like an unknowable gamble. Which leads us to this question: How big a challenge is it…Read More

Category: Credit, Hedge Funds, Investing, Really, really bad calls

Fool-proof Logic

Source: Washington Post

Category: Hedge Funds, Mutual Funds, Really, really bad calls

Ray Dalio’s World View

Ray Dalio’s world view

Fareed talks to Ray Dalio, founder of the largest hedge fund, about his success and his views on the global economy.

Click for the video.

Source: CNN

Category: Hedge Funds, Investing, Video

Reform of NYC Pension May Follow CALPER’s Script

People seem to be genuinely shocked by a new report out of New York City’s Comptrollers Office. The report found that the city’s public employee retirement fund pays big fees to Wall Street but gets little in return. However much anyone is shocked, they really shouldn’t be. That’s because the high cost of hiring outside…Read More

Category: Hedge Funds, Investing, Venture Capital

AQR & Cliff Asness’ Disclosure

Later this week, I am interviewing Cliff Asness for Masters in Business. While doing some prep work for the show, I came across this delight: The Cliff Asness Disclosure document:   Cliff Asness Disclosure: The views and opinions expressed herein are those of the author and do not necessarily reflect the views of AQR Capital Management,…Read More

Category: Hedge Funds, Humor, Legal

The Amazing Disconnect Between Hedge Fund Performance & AUM

Earlier this week, Greg Zuckerman of the Wall Street Journal pointed out one of the great mysteries of today’s investment landscape: Despite underperforming by a substantial margin, hedge funds keep attracting more investors and assets under management. It is almost as if (to borrow the headline on Zuckerman’s article), “Hedge Funds Keep Winning Despite Losing.”…Read More

Category: Asset Allocation, Bad Math, Hedge Funds, Investing, Psychology