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 must be the Kavorka
Well, it’s happened again: I’ve been refused entrance to an industry cocktail party. I just got a random email notifying me that I was “declined to attend” a welcome party for a conference in Newport later this month. I do know who the hosts of the party are and I guess they are concerned that I will […]
Hedge funds are not dead yet
The news last week that legendary trader Steve Cohen is working on launching a massive new fund is not only welcome but long expected. Cohen is clearly one of the sharpest tools in the shed when it comes to managing money. He’s able to provide investors with exactly what they are looking for — true […]
More then a bit salty
Last week’s ninth annual SALT Conference in Las Vegas was quite a show. Once again the folks at Skybridge showed the world how to put together a star-filled program of substance and entertainment. SALT is unique, as it gathers managers, investors, politicians, service providers and entertainers from across the globe to discuss relevant issues and […]
Who is abandoning ship?
The world was shocked, shocked, I write, that according to Bloomberg, hedge fund investors are abandoning fund managers because of “high fees” and “poor returns.” My question is simple: Isn’t it an investor’s job to get out of poorly performing investments? Why is this news? I really don’t get it. As I wrote last week, […]
Do not believe the hype
Loyal readers have read these words before and, unfortunately, I need to write them again: The demise of the hedge fund industry has been greatly overrated. Mark my words, dear readers, the hedge fund industry is here to stay. No matter how hard the industry is thrashed by the popular press, by the nutty senator […]
Shrinkage is not necessarily bad
Last week the popular press was once again littered with stories on the demise of the hedge fund industry. Reports from a number of well-respected observers have put fund closures and investor redemptions at near-record levels. Some believe that over $70 billion of capital was redeemed from funds in 2016, with the number of fund […]
Better Late Than Never
Over the last few of weeks, I’ve spent quite a bit of time meeting with managers and talking about how they manage money — where they generate returns and their expectations for the markets and their funds. At the same time, I’ve been meeting with investors of all shapes and sizes, asking them where they are […]
It is all about the numbers
No political commentary this week. I think that we all agree that the mainstream media have the new administration covered and are providing enough news and commentary. I will say one thing, though: Whether you agree or disagree with President Trump’s actions, the one thing we can all agree on is that he is the […]
Getting Through The Weeds
This just in: The United States of America has a new President and the world hasn’t come to an end. Hell has not frozen over and anarchy has not spread throughout the land. Sure, it’s too early to tell, I mean perhaps Madonna and the rest of the liberal glitterati will continue to stage protests […]