Enough already
OK, I get it: The people in show business hate President Trump. These haters find it necessary to use foul disgusting, despicable and degrading language to describe him and his family whenever they have an opportunity. Most of have never met a microphone they haven’t liked and all seem willing to throw barbs at the […]
The future is bright
Last week’s post brought a lot of sighs of relief from people in the hedge fund industry. A number of readers, whom frankly I don’t really know, reached out saying that they, too, believe the industry is alive and well and beginning to kick again. A few folks that I do know well also said […]
Hedge funds are not dead. Not yet. Not ever
The demise of the industry has been completely over-exaggerated. Rest assured, hedge funds are alive and well. It is true that new fund launches have decreased significantly over the last few years and the data around this area continue to show weakness. Still, investors in a never-ending search for alpha are continuing to look to […]
It is about offense AND defense
The nation is settling into quite an interesting election season now that we’ve passed Labor Day. The candidates are gearing up for a series of debates as they battle for the highest office in the land. And while the country waits with baited breath to hear what will come out of Mr. Trump’s mouth and […]
The American’s are coming, the American’s are coming
Last week, the European Securities and Markets Authority (ESMA) told the EU’s executive European Commission that asset managers based outside the EU should get a “passport” to continue offering services to investors across Europe. This new directive replaces a country-by-country private placement authorization system that has been in place for some time. Read the story […]
Three words for success
It’s clear to me why some people are successful and others aren’t: focus, delegation and engagement. People need to be focused to be able to see the path, or least the way to the path, to success. They also need to be able to delegate responsibility and to know how to relate to colleagues and […]
It is all about liquidity…
Over the last few years, Wall Street’s leaders have changed from independent thinkers to drones marching to Washington’s drumbeat. The many who criticized the Street in the wake of the credit crisis, fueled by the failure of Bear Stearns, Lehman Brothers and Merrill Lynch, scared the Street into mediocrity. The resulting companies are massive behemoths […]
It is clearly not over.
Just when you thought they were out, they pulled investors back in. According to recent data from HFR, hedge funds had a great month in January, beating equities and delivering significant positive returns. Just a month ago, the media were asking if hedge fund managers still had it after performance in 2013 did not match […]
Dont believe what you read
Over the last few weeks there have been a number of articles and press reports on the poor performance of hedge funds and the massive withdrawals that have hit the industry. And while, yes, there seems to have been a number of funds that weren’t able to outperform the S&P last year and some investors […]
Welcome to the same
A new year begins and guess what? Everything basically stays the same. Sure, New York City got a new mayor and the Patriots are one weekend closer to a Super Bowl win, but besides that the markets and interest rates have stayed put, the economy continues to sputter along and we are all that much […]