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Managing Expectations: The Rise Of The Separately Managed Account
The line between wealth management and fund management continues to blur for the alternative asset managers who serve the high-net-worth investor community.
Brexit And Hedge Fund Strategies
How well did hedge funds help their investors to hedge potential losses as a consequence of the markets’ immediate reaction to the Brexit vote in the United Kingdom?
Puerto Rico: The New Argentina?
Puerto Rico and various instrumentalities thereof may default on debt within days
Giving The Baron King Of Lothbury His Due
The Bank of England is not only the central bank of the United Kingdom, in continuous operation since 1694; it is the model upon which central banking worldwide has been created. The Mother Central Bank is what it is.
The Case Against A Bearish Argument On Crude Oil
A recent Bloomberg story indicates that in a world awash in cheap crude oil, traders are now storing the stuff at a loss, at sea, on board vessels in the Straits of Malacca. Further, they are going into debt so they can bear this loss.
Best Practices For Private Equity Sponsors In An Age Of Increasing Scrutiny
As the demand for transparency rises for private equity and hedge funds, the spotlight is increasingly focusing on valuation practices.
Tricky Times For Hedge Funds And A Lot Of Negative YTD Performances
A slim majority of hedge fund managers are in the red year to date, through April, according to the latest report from Eurekahedge. Specifically, 51.4% of managers have negative YTD performance.
Global Focus Capital: Market's Inflationary Expectations Are Too Low
Inflationary expectations have been brought low by the recent past of … well, low inflation. Further, although the circumstances that will raise inflation going forward are in place, the market’s expectations are “sticky.”
Dry Bulk Shipping Recovery: Three Causes
The value of the equity of Star Bulk has risen since the start of the year from $0.616 to just above an even dollar per share. This is part of a broader trend. The dry bulk shipping industry, long in free fall, may have found its bottom.
Thoughts On The Valuation Of Secured Assets Of A Bankrupt Debtor
How should one value the assets of a bankrupt entity, especially those that secure its debt instruments? That is obviously a key question in the world of distressed-debt investing.
Why NYCERS Should Reconsider Exiting All Hedge Funds
I would like to share some thoughts regarding New York City Employees Retirement System (NYCERS) voting to exit all hedge funds.
March Improved, But 2016 Still Rains Red For Hedge Funds
The latest report from Eurekahedge indicates that hedge funds worldwide gained in March, though by far less than the underlying markets gained during the same period.
An Edge That Everyone Else Has Figured Out Already
Tiburon Capital Management has posted a paper about crowded trades and the resulting ‘avoid’ lists: that is, about those bright alpha-pursuant ideas that everybody else has figured out already, and that accordingly are bound to underperform.
Inside The Bubble: The Investment Habits Of The Wealthy Investor
The wealthy have always worn a mantle of mystery. Their investment management activities are no different; most high-net-worth investors employ a professional advisor to stand between them and those who clamor to serve them.
The Impending Market Abuse Regulation Mandates
On July 3, 2016 the new Market Abuse Regulation (MAR) comes into effect throughout Europe, pursuant to 2014 legislation. The member states have transposed the MAR into national law.
2016 Allocator Trends Report: Consensus And Dissension
Ninety-six percent of investors expect to allocate to two or more hedge funds in 2016. A majority (57%) were prepared to invest in at least four hedge funds in 2016.
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