Posts filed under “Hedge Funds”
This week, he discussed The 7 Habits of Highly Suspicious Hedge Funds (The Journal of Investment Management), which he posted on his own blog as a preview.
Here’s the overview:
1. No independent risk reporting.
2. A change for the worse in the critical risk numbers.
3. Increased use of derivatives.
4. High level of secrecy.
5. Growth in headcount and lifestyle.
6. Decline in assets under management.
7. Lackluster performance in recent years.
The 7 Habits of Highly Suspicious Hedge Funds
June 22, 2009
Arthur Samberg, among the best-known hedge-fund managers, is closing down his firm amid an ongoing investigation into possible insider trading WSJ: “Public disclosures about the continuing investigation have cast a cloud over the firm and have become a source of personal distraction,” Mr. Samberg wrote in a letter that was sent to investors of his…Read More
From Alpha Magazine via the NYT, comes the latest list of earners, in order of 2008 take home pay. Unlike the weasels who ran Merrill, Morgan, Bear & Lehman into the ground, then grabbed the cash and ran, these boys actually made their money the old fashioned way: They earned it, via outperformance. Read ‘em…Read More
My recent tirade against bailing out the hedge fund half of AIG makes much more sense when you consider who is actually getting all of the taxpayer largesse: Counter-parties of AIG, especially one Goldman Sachs. Some estimates have been in excess of $25 billion to GS. As AIG ran into the arms of the Fed…Read More
Forget the good bank/bad bank, I have an even bigger beef with this INSANE absurdity: Why are the taxpayers making good on hedge fund trades gone bad? I cannot figure that one out. When AIG first faltered, there were two companies jammed under one roof. One was a highly regulated, state supervised, life insurance company….Read More
We add another chapter in the ongoing debate between Barron’s, the weekly paper that is sister to the WSJ, and James Cramer, the former hedge fund manager now turned pundit/CNBC star/game show host. The back and forth between CNBC and Barron’s amounts to an absurd debate over what Cramer’s stock picking record on the show…Read More