By Simon Kerr In August 2007, perfectly catching the first public intimations of a financial downwave global macro manager Clarium Capital, then of San Francisco, dispatched a manager letter that took a negative view on economic growth, real estate and the stock market. In the letter they wrote “”We have begun a post-Long Boom phase […] Read more »
Lack of Transparency Traduced
By Simon Kerr One of the most commonly repeated fallacies about the hedge fund business is that it lacks transparency. I think the opposite: in many ways hedge funds provide much better information flows than long-only managers. Hedge funds cannot be easily sold, but are more often bought, and may only be bought by […] Read more »
Galleon Edge Illegal, But Information Flows to Hedge Funds Can Be Important
The information that hedge fund groups use is a topic that comes into and out of focus. Recently it has been in the spotlight because of the Galleon-related indictments, but it has been a live issue as far back as Ivan Boesky’s advanced receipt of deal-flow information in the mid 1980’s. Over the years the […] Read more »
Podcast 1 – Hedge Fund M&A
Linked below is the first hedge fund podcast on this website. Today’s subject is mergers and acquisitions amongst hedge fund management companies. For a long time in the industry there has been a lot more talk than action. Because of events of the last two years in combination with new strategic thinking amongst the owner/managers […] Read more »