Posts filed under “Hedge Funds”

The Price of Generating Alpha

Alpha is a zero-sum game, according to David Villa of the State of Wisconsin’s Investment Board. Here he talks about how making the right errors leads to high returns.

Category: Hedge Funds, Video

Buffett: Federal Reserve Is Greatest Hedge Fund in History

Billionaire investor Warren Buffett compared the U.S. Federal Reserve to a hedge fund because of the central bank’s ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion.

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Category: Federal Reserve, Hedge Funds, Video

Bill Ackman, CEO of Pershing Square Capital Management.

Category: Corporate Management, Hedge Funds, Video

1.6% & 18% is the New 2&20

Intriguing if slightly misguided article in the WSJ ( Hedge Funds Cut Back on Fees) about high fees that hedge funds charge, and how they have become somewhat lower. (My only beef with the article is that hedge fund under-performance has been going on for far longer than since the crisis). As I noted in…Read More

Category: Hedge Funds, Investing

Proof the Bond Bull is Over: PIMCO Selling Hedge Funds

If you have been seeking unequivocal proof that the 30 year bull market for bonds is over, look no further than this WSJ headline: Bond-King Pimco Plans to Push ‘Alternative Funds’. Think about what this means: From 1980 to 2013, PIMCO enjoyed three decades of rising bond prices — read falling interest rates — and…Read More

Category: Fixed Income/Interest Rates, Hedge Funds, Investing

“I Am Looking to Outperform the Markets by 4-5% a Year”

Lately, the day job has been inspiring many of our Philosophy Phriday posts. (This coming Sunday’s WaPo column was also inspired by what we see int he office). Today’s post is another such example. Perhaps its because we run a somewhat different business model than is typical in the finance industry in the US. Our…Read More

Category: Apprenticed Investor, Hedge Funds, Investing, Philosophy, Psychology, Really, really bad calls

Vancouver: Romancing Alpha, Forsaking Beta

This is the presentation I gave in Vancouver — its an expanded version of the Institute for Responsible Investing presentation I gave at the Kennedy School./  

Category: Hedge Funds, Investing, Psychology

Interview with Jim Rogers

I am off to this conference this weekend — one of the other keynoter speakers will be Jim Rogers. Last month, Joe Dedona, head trader at our Institutional Desk, sat down with Jim for this interview: ~~~ Fusion MarketSite was fortunate to interview Jim Rogers, co-founder of the Quantum Fund with George Soros. Legendary investor, author and world traveler,…Read More

Category: Hedge Funds, Investing, Think Tank

Hedge Fund Dysfunction Syndrome

  Ron Burgundy says: Stay classy, Businessweek!       Source: Why Hedge Funds’ Glory Days May Be Gone for Good By Sheelah Kolhatkar BusinessWeek, July 11, 2013 http://www.businessweek.com/articles/2013-07-11/why-hedge-funds-glory-days-may-be-gone-for-good

Category: Financial Press, Hedge Funds

How Gold Lost Its Luster, How the All-Weather Fund Got Wet, and Other Just-So Stories John Mauldin July 3, 2013     We have not revisited the topic of gold in Outside the Box recently, mostly due to the fact that nearly everything I read on the subject is derivative of what I have been…Read More

Category: Gold & Precious Metals, Hedge Funds, Think Tank