'An industry in crisis': Hedge funds bleed $100 billion in 2016... [more]From CNBC.com: Hedge funds saw their biggest loss of investor cash since the bull market in stocks began, even though the industry turned in its strongest performance in three years. In all, hedge fund clients pulled $106 billion, the biggest exodus since 2009, as investors protested low returns tha
Fund Profile - Quant fund Dalton Street and its secret black box... [more]From AFR.com: "I'll bring out my black box, if you show me your crystal ball." That is the challenge laid down by Alan Sheen to the "fundamental" stockpickers who scoff - and there have been many - at his highly successful quantitative trading strategy.
In the age-old conflict between the syst
Manager Profile - Thinking about Joel Greenblatt's "magic formula"... [more]From Valuewalk.com: Can you spare three hours to learn how to beat the market? As unlikely as it may seem, hedge fund manager and professor Joel Greenblatt, whose investment firm has averaged 40% annual returns for over twenty years, can teach you how. You can achieve investment returns that beat th
Legal - Ken Griffin could pay off $22m hedge fund fine in six days' work... [more]From Pagesix.com: Well, that's not really going to sting. The SEC fined Ken Griffin's Citadel hedge fund a record $22.6 million - or, to put that into perspective, perhaps 40 percent of what Griffin spent on art last year.
The billionaire donated $40 million to MoMA in 2015, and the fine
SWFs - China sovereign wealth fund CIC plans more U.S. investments... [more]From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday.
CIC will boost its investments in private equity and hedge funds as wel
...And Finally - Dog kept owner warm for 20 hours... [more]From BizarreNews.com: A Michigan dog helped keep her owner alive by warming his body in freezing conditions after he slipped on snow.
Kelsey the golden retriever stayed with her owner Bob for nearly 20 hours after he slipped and injured his neck while getting a log for his fire on New Year's