By Simon Kerr, Principal of Enhance Consulting As we approach President Obama’s inauguration, after what some may consider a first term lacking in substantive achievements, here is a reminder of what Presidents get re-elected on: Source: Bianco Research via The Big Picture Read more »
Graphic of the Day – CLO Market
Source: Hedge Fund Insight Read more »
Julian Robertson on Flexibility in Managing Positions
Peter Vig, Founder and Portfolio Manager of RoundRock Capital Partners LP, who worked with Julian Robertson at Tiger Management on his energy holdings : “Julian taught us how to get these short ideas, taught us to be sensitive to short term price movements on stocks. What he had, which was unusual, was the ability to […] Read more »
Quotation of the Day
“Computing is the literacy of the modern world,” Erich Schlaikjer, Chief Technology Officer of Cantab Capital. Read more »
Hedge Fund Job Titles Defined
Hedge Fund Analyst A person who spends their day tracking the activities of people whose job they would have liked. Quantitative Researcher A person who can attach probabilities to future events by looking backwards. Portfolio Manager A person who has an enormous breadth of knowledge across a range of industries and is an expert in […] Read more »
Contrast Between Credit and Liquid Hedge Funds at Fortress
By Simon Kerr Fortress Investment Group LLC reported 3Q 2012 results recently. Fortress divides its hedge funds into two groups – Liquid Hedge Funds and Credit Hedge Funds. Credit Hedge Funds includes the Drawbridge Special Opportunities Fund and the Value Recovery Funds, and the Liquid Hedge Funds includes the Fortress Convex Asia Fund, Commodities Fund, […] Read more »
Truth and Marketers
“I’m convinced that a lot of marketers are too smart for their own good: we think that truth is this fungible concept. That it is really relative, dependent on time, circumstance, and people. For a lot of marketers it is “truthiness” – it is what you think, it is what you believe, rather than an […] Read more »
Quotation of the Day
“We are slightly underweight in the developed markets today, as we are waiting for Europe to play out before we really allocate more capital there.” Matthew Denning, Senior Research Analyst (Equity Long/Short), PineBridge Investments, quoted in Opalesque New York 2012 Roundtable. Read more »
What does it take to be a successful investor?
Whitebox Advisors’ Andrew Redleaf on what it takes to be a successful investor: “It requires a certain kind of personality, a certain kind of confidence to be able to act in the face of imperfect knowledge and uncertainty. Also, it requires humility to understand the imperfections in one’s knowledge and the inherent uncertainty in the […] Read more »
Stuart MacDonald joins Aquila Capital
Aquila Capital, one of Europe´s leading alternative investment managers, today announced the appointment of industry expert, Stuart MacDonald as Managing Director to assist in developing Aquila’s growing institutional business. Stuart joins Aquila Capital from Gems Advisors, having previously worked in a senior capacity at firms such as Henderson Global Investors, West Merchant Bank and Buchanan […] Read more »