Love the Player, Hate the Game
Hedge Funds Bear the Blame for Looking Bad They compared themselves to the S&P 500, then complained when they underperformed....
MIB: Jim Chanos on Having an Edge
This week, we speak with famed short seller Jim Chanos, founder and president of Kynikos Associates LP, the world’s...
More on Performance Fees vs. Beta
Yesterday, I discussed changes in the fee structure of hedge funds. In researching for the column, I reached out to several different...
Why Pay Alpha Prices for Beta?
A Hedge-Fund Fee Plan That Only Charges for Alpha The industry had been paid a fortune for underperformance. That’s changing....
MIB: How to Trounce the Markets
Joel Greenblatt know the challenges of running portfolios intended to outperform their benchmarks as well as anyone. When he was...
Hiring and Firing Asset Managers
Source: GMO via Idea Farm Of all the things that investors do, the selection, hiring and firing of managers is...
Hedge Fund Expected Returns Are Fabricated Sales Tools
Hedge-Fund Mediocrity Is the Best Magic Trick Never have so many investors paid so much for such uninspiring returns. Bloomberg, February...
All-Time Hedge Fund Earners
I am fascinated by hedge funds for several reasons: first, I admire great talent, skill and expertise in whatever form it manifests...
Good News / Bad News for Hedge-Fund Investors
Hedge Funds Had a Good Year, Just Not Good Enough And yet an industry with high fees and ho-hum performance continues to thrive....