Indianapolis' investment strategy for pensions not paying off... [more]From IBJ.com: Pension funds across the country hire financial consulting firms and pay them well to advise their investment strategies. In my last column, I noted that investment performance for many pension plans has been decidedly poor of late. I suggested that the underperformance is centered on
The rise and decline of the hedge fund billionaire... [more]From NYTimes.com: In the annals of the immensely wealthy, the hedge fund manager is a relatively new entry. It has been only about a decade since significant numbers of hedge fund managers, including Kenneth C. Griffin of Citadel, Paul Tudor Jones of Tudor Investment Corporation and Steven A. Cohen
Manager Profile - Eddie Lampert: a painful entanglement with Sears... [more]From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's
Comment - For hedge funds, expense management is risky business... [more]From Pymnts.com: Any business has operating expenses, but for managers of the alternatives industry, like hedge funds and private equity, the accounts payable process is extra complicated. IntegriDATA CEO and Founder Mitch Schulman and Head of Business Development and Marketing Nick Molina say this
Asia - Rallying Hong Kong stocks get more thrust from China funds... [more]From Reuters.com: New rules giving Chinese insurers greater access to Hong Kong stocks and a crackdown on risky products at home are pushing mainland funds into the former British colony, driving the benchmark Hang Seng index to five-month highs.
Long-term capital from mutual funds is also see
People - She began her career at hedge funds. Now she reports on their crimes... [more]From NYTimes.com: Before she became a journalist, the New Yorker staff writer Sheelah Kolhatkar worked in the late 1990s and early 2000s as an analyst at a couple of small hedge funds specializing in risk arbitrage - basically, she researched companies that planned to merge, and tried to predict how
Commodities - Agriculture futures mixed at start of high-profile week... [more]From Agrimoney.com: A momentous week for grain markets started on rather a quiet note. Momentous, because Thursday and Friday bring the annual US Department of Agriculture outlook conference, at which it unveils its first proper estimates for US crop supply and demand this year.
One of the key
...And Finally - Obsessed with arms... [more]From Newsoftheweird.com: Transportation Security Administration announced on April 27 that its screeners had confiscated 73 guns from passengers' carry-ons - in just the previous seven days! (Sixty-eight were loaded, and 27 had a round in the chamber.)
Federal regulators were deliberating in