Incisive Views from Professionals
“An edge in analysis of social media is much more feasible than in analysis of news – there are only six traders globally who are successful trading off news analysis, ” Rob Passarella, DataSift. “There is a huge leap to move from getting interesting signals to a viable investment strategy,” Leigh Drogen, Estimize. On […] Read more »
The historical importance of family offices to the hedge fund industry has been well recorded. As Rick Flynn, the head of Rothstein Kass’ Family Office Group noted this year in his firm’s “Industry Outlook”, “Back in the mid-to-late ’90s, family offices were some of the earliest movers into the hedge fund space.” It was asserted […] Read more »
You probably know that Jack Schwager has a new book out, “Hedge Fund Market Wizards” published by Wiley. You can watch or read an interview with Schwager by trader trainer Michael Martin at http://ht.ly/bcXpR. It has some great stuff on use of options and how to express a view. It is recommended. Read more »
Mike Novogratz, Co-Chief Investment Officer of Fortress Investment Group, and manager of one of the world’s largest global macro funds: “A famous macro manager said that the reason you join macro management, rather than a really hard business like equities, is that all you need to do is look at a bunch of charts and […] Read more »
A well prepared due diligence meeting has a subtext. The following translations will help hedge fund managers understand from where their interrogators (and potential investors) are coming. Do you have any plans to add any employees? (Do you plan to re-model your house in the near future or are you going to back the growth […] Read more »
What are HEDGE FUND MANAGERS made of? 40% Work Rate 15% Ambition 15% Talent 12% Hubris 10% Entrepreneurialism 8% Reactiveness What are FUNDS OF HEDGE FUND MANAGERS made of? 35% Process 20% Marketing 20% Database and library 15% Understanding 5% Structure 3% Risk […] Read more »
This year I have experienced two rounds of the Battle of the Quants. The first was the edition of the radio show “The Naked Short Club” broadcast on Monday of this week. Host Dr.Stu bursts into the studio with his posse, and sets about arranging the guests The show featured a line up of […] Read more »
When I put my top investment books on this webpage (see lh margin) the choices inevitably reflected the style of investment I use myself. The books which enhanced that style rise to the top of the list, as well as those that are well written or well structured. Similarly, looking at Seth Klarman’s recommended reading […] Read more »
Mark Anson is unusual in having held the top job in a major institutional investor on both sides of the Atlantic. He was Chief Executive Officer of Hermes Pensions Management Ltd., where he was also the Chief Executive Officer of the British Telecom Pension Scheme, the largest pension fund in the United Kingdom. Prior to […] Read more »
Among the 1100 staff at Bridgewater there are as many as 130 client service personnel looking after around 300 clients. Bridgewater manages $87bn in assets. Ray Dalio’s total remuneration for 2010 will be of the order of $3bn. The flagship Pure Alpha Fund produced its best year ever last year with a return of 44.8%. […] Read more »