Last week the “Financial Times ” ran a story that the UK tax authorities (HM Revenue & Customs) were looking to tackle the disguising of employment relationships through limited liability partnership structures and the manipulation of profit and loss allocations to achieve tax advantages. The Table Below Shows 15 of the largest 25 hedge fund […] Read more »
Bridgewater Win Shows It Leads the Way in the Hedge Fund Industry
Bridgewater Associates is an outlier in the hedge fund industry – the size of the organization (1400 people), the assets under management ($150bn in investments), and the returns. The Westport Connecticut firm is known for its distinctive corporate culture so it is not a template or an exemplar for others on the investment side, but […] Read more »
Time to Fold the Fed
By Karim Taleb and Marc Fiani, of Robust Methods LLC The effects of the Federal Reserve’s on-going policy of artificial money creation are well documented by now. For a quick recap and as the saying goes: A picture is worth a thousand words. We clipped this chart below from the web, and which is self-explanatory; […] Read more »
Italy Is Now A Screaming Sell
By Stephen Pope, Managing Partner, Spotlight Ideas I appreciate that the will and desire at a European sovereign level to keep the Eurozone intact is not to be be underestimated. Certainly my calls for Greece to leave the Euro proved to be wide of the mark. However, I always thought that the basis of underpinning a low yield on […] Read more »
Some Bubble Elements in London Residential Property
Introduction by Simon Kerr, Hedge Fund Insight Recent comments from London Central Portfolio (LCP) reflect a market that has elements of a speculative bubble. The nature of this mega-city means that pauses in price or declines happen in pockets reflecting local conditions and stratas of the market by price. The dominance of speculative out-of-town buyers […] Read more »
GDP Q1 data: “It still feels like the script of the UK economy has been penned by Dante”
By Marcus Bullus, trading director at MB Capital In looking at today’s 1Q GDP data for the UK, it is true that we have avoided a profound psychological blow for the UK’s consumers and businesses. But just because we’ve dodged the triple dip does not mean we’re back in business. Despite this rare piece […] Read more »
The Sunday Times Hedge Fund Rich List 2013
There are 61 hedge fund managers, worth £75m or more, in the list of Britain’s richest 1,000 people recently published by the Sunday Times. The list of the top 25 is given below. Alan Howard, who heads Brevan Howard, is Britain’s richest hedge fund manager, with a personal fortune of £1.5 billion, according to the […] Read more »
Hedge Fund Middle Office Must Get Extra Attention
By Leigh Walters, Global Head of Sales, Omgeo The middle office operations of European hedge funds, where trades between counterparties are matched and confirmed, has historically received little investment from hedge funds when compared to the front office spending, as well as little attention from investors, regulators or board members. However, post- global financial crisis, […] Read more »
Market Reactions to the Bank of Japan’s Monetary Policy Decision
By Nathan Gibbs, Manager of the Schroder Japan Alpha Plus Fund The newly constituted Policy Board of the Bank of Japan completed its first meeting today under the leadership of Mr Kuroda, the new Governor. Given the strong language used in recent weeks by both the Governor and the Prime Minister, Mr Abe, investors already […] Read more »
Money Stock, Currencies, Banks, Gold and Trust
By Toby Birch (www.tobybirch.com) In my short-lived and unremarkable military career I learned many things that are now redundant. In the event of a nuclear Apocalypse my Morse code skills would be in great demand as digital communication would no longer function. Likewise, if I was to visit a tin-pot dictatorship or tank scrapyard I […] Read more »