Incisive Views from Professionals
By Marshall Sonenshine, Chairman and Managing Partner at Sonenshine Partners. 1. Market Forces: Advising the CEO in an Era of Shifting Understandings of Leadership We deal makers represent and counsel CEOs, who are generally unusually talented and demanding people from whom in turn much is demanded. We do this in markets that are often […] Read more »
From the Alternative Investment Management Association (AIMA)* Among the findings in AIMA’s paper “In Concert – exploring the alignment of interests between hedge fund managers and investors” : One-in-three managers now charge performance fees above a hurdle rate, such as a fixed percentage or an index-based benchmark Three-quarters (77%) of managers offer or are […] Read more »
By Hedge Fund Insight staff Daniel Loeb, Chief Executive Officer of Third Point LLC recently* discussed the performance of the investment portfolio of Third Point Reinsurance, in the course of which he shared some of his expectations for the remainder of 2016. Our investment portfolio (managed by Third Point LLC) produced strong results in the second […] Read more »
By Manuel Arrivé and Alastair Sewell of Fitch Ratings Faster Industry Changes Ahead: Fitch Ratings’ view is that the European asset management industry is ripe for faster change and possibly disruption. As an industry that has historically been slow and reluctant to change, asset managers show varying degrees of willingness and ability to adapt but the status […] Read more »
From Milken Institute: Ray Dalio in discussion with Robert Kegan of Harvard Graduate School of Education (59 minutes in total) A radical approach to people development: Radical truth (including mistakes and weaknesses) and radical transparency (tape everything, make the tapes available to everyone). A meritocratic approach. Millennials would find Bridgewater a perfect place to work […] Read more »
By Hedge Fund Insight staff Introduction – Part One This article is divided into three parts. The first part is the genesis of the article – the new supply of funds engaging in the strategy of merger arbitrage, including one from Paulson & Co. The second part is John Paulson’s writing on the strategy […] Read more »
By Susan Weiner, CFA of InvestmentWriting.com Is it a bad idea to make predictions in your investment commentary because clients will slam you when you’re wrong? Whenever you make predictions, you run the risk of being wrong. But being wrong isn’t a problem, in my mind, if your prediction reflects good thinking. Moreover, think […] Read more »
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By Taylor Pearson, with an introduction by Simon Kerr of Enhance Consulting Introduction This essay has been published on HFI (with permission) not because it mentions two familiar names/brands from the hedge fund industry (Ray Dalio and Bridgewater, and Peter Thiel of Clarium Capital). Rather, a number of constructions that are key to successful […] Read more »
By Warren C. Smith, MRB – The Macro Research Board The rebound in risk assets since mid-February should persist as investors slowly unwind their fears of a recession. Sentiment is still fragile and economic activity will be slow to improve (and choppy), but it is becoming clear that the markets significantly overreacted to weak […] Read more »