Posts filed under “Hedge Funds”

Why Are We So Focused on Everyone Else’s Wealth?

You all the know urban legend of the conversation between F. Scott Fitzgerald and Ernest Hemingway.

Fitzgerald: “Let me tell you about the very rich. They are different from you and me.”

Hemingway: “Yes, they have more money.”

It never happened, but it points to an interesting question: Why are we in America so fascinated with other people’s wealth?

We talk about it, make movies about it, track it incessantly. We have the Bloomberg Billionaire Index and the Forbes 400. We track the heirs to the Wal-Mart fortune, and took note when the Koch Brothers wealth surpassed $100 billion.

There seems to be an unhealthy obsession with other people’s money in America.  I plead guilty to contributing to this. Whether it is about hedge fund managers or the wealthiest New Yorkers, I have posted chart after chart on the subject. My focus is usually — but not always — an explanatory warning on the dangers of excessive fees for investors. That was the underlying focus of my presentation, Romancing Alpha, Forsaking Beta.

However, the most viral thing I have ever posted at Bloomberg View was a chart highlighting the difference between the Rich and the 0.01%.

Continues here

 

 

 

 

Category: Hedge Funds, Wages & Income

Best-performing Unconventional Alternative Investment Ranking

Source: Bloomberg

Category: Digital Media, Hedge Funds, Markets

Hedge Funds Take a Turn onto Madison Avenue

Source: Peppercomm h/t The Reformed Broker

Category: Digital Media, Hedge Funds

Analyzing Dips in the S&P’s Path

Bloomberg’s Michael Regan reports on stock market fluctuations and what they mean for investors.


Source: Bloomberg, Sept. 25 2014

Category: Federal Reserve, Hedge Funds, Technical Analysis, Video

Moral Hazard and the LTCM Bailout

Today is an auspicious anniversary, though it’s one I suspect many people may not recall. On Sept. 23, 1998, former Federal Reserve Chairman Alan Greenspan and William McDonough, then president of the Federal Reserve Bank of New York, managed to orchestrate the rescue of the hedge fund Long Term Capital Management. It was a strange…Read More

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

Why Hedge?

The news last Monday was a shock — the Calpers California earthquake. For a variety of reasons, the California Public Employee’s Retirement System, the nation’s largest public-pension fund, said it was dropping hedge funds from its roster of investment allocations. This tremor will be felt far and wide. We are unlikely to know the full…Read More

Category: Asset Allocation, Hedge Funds, Investing

CalPERS to Hedge Funds: Buh-Bye

This was the big news yesterday out of California: The California Public Employees’ Retirement System (Calpers) today announced that it will eliminate its hedge fund program, known internally as the Absolute Return Strategies (ARS) program, as part of an ongoing effort to reduce complexity and costs in its investment program. The staff recommendation, supported by…Read More

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

Quantifying the impact of chasing fund performance

 

Category: Hedge Funds, Investing, Think Tank

MiB: Jim Chanos, Kynikos Associates

This week’s Masters in Business Radio show is on at 10:00 am and 6:00 pm on Bloomberg Radio 1130AM and Siriux XM 119. Our guest is famed short seller and hedge fund manager Jim Chanos. You can listen to live here. All of the past Podcasts are here and at Soundcloud and coming soon to…Read More

Category: Hedge Funds, Media, Philosophy, Podcast, Short Selling

Welcome to the Muppet Economy

Slipping back into my regular routine is sometimes a challenge after a few days of traveling. The first day back in the markets — especially following a week like we had to end July and begin August — can be a bit of an adjustment. A few days away allows the accumulation of jaded skepticism…Read More

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