Other Voices: Blind Capital... [more]Christopher Pavese, Chief Investment Officer of Broyhill Asset
Management, via Harvest Exchange:
According to Morningstar, the average US equity manager, has
underperformed the S&P 500 Index over the past one, three and five
years. Given investors natural tendency to chase what’s working, an
Some hedge funds post mega-gains, brighten industry gloom... [more]From Reuters.com: Hedge funds have suffered a steady drumbeat of bad news this year: poor performance, withdrawals, prominent closures, bribery and insider trading charges, and accusations from a state regulator that the whole sector is a "rip-off."
Yet amid the gloom there are still a few man
Brevan Howard cuts management fee for listed macro hedge fund... [more]From Bloomberg.com: Brevan Howard Capital Management LP won’t charge a management fee on profits generated by BH Macro Ltd., a listed fund that invests in the main hedge fund run by the firm.
The policy came into effect on Oct. 3, Brevan Howard said in a filing on Wednesday. The new arrangemen
What does Nevada’s $35 billion fund manager do all day? Nothing... [more]From WSJ.com: Steve Edmundson has no co-workers, rarely takes meetings and often eats leftovers at his desk. With that dynamic workday, the investment chief for the Nevada Public Employees’ Retirement System is out-earning pension funds that have hundreds on staff.
His daily trading strategy:
Manager Profile - Inside billionaire Steve Cohen’s comeback... [more]From Fortune.com: In 2013, an insider-trading scandal brought down his hugely successful hedge fund. In his first interview about the firm since then, Cohen tells Fortune how he’s rebuilding for redemption. On the night of Jan. 8, 2016, Steven A. Cohen walked into a steak house just east of Times Sq
Comment - Four ways to make money from hedge funds... [more]From AFR.com: Investors know record low interest rates are really causing havoc with returns when hedge funds –which are supposed to smash the ball out of the park in any sort of market – keep shutting down.
Sydney-based macro fund MST Capital is just the latest global hedge fund that has give
Investing - Hedge funds increase leverage and short positions... [more]From Valuewalk.com: Most hedge funds posted gains in September reversing some of the year-to-date losses and bringing hedge fund performance more into line to that of equities for the year; that’s according to JP Morgan’s October 18 Prime Brokerage Global Hedge Fund Trend report. Specifically, the
…And Finally - How not to clean up spilled gas from a car trunk... [more]From BizarreNews.com: Security cameras at a Florida car wash captured the moment a vacuum exploded while a woman was using it to clean gasoline from the trunk of her car. Billy Barnwell, owner of Shuttle Car Wash in Titusville, said his surveillance camera captured the moment the vacuum exploded in