Source: GMO via Idea Farm Of all the things that investors do, the selection, hiring and firing of managers is simultaneously the most important and yet perhaps the thing most investors are least equipped to do. I was reminded of that when I saw the chart above, via Ben Inker of GMO. If you look… Read More The post Hiring and Firing Talented Asset Managers appeared first on The Big Picture.
Hedge-Fund Mediocrity Is the Best Magic Trick Never have so many investors paid so much for such uninspiring returns. Bloomberg, February 15, 2018 Hedge funds have accumulated $3 trillion, with a substantial portion of it coming from public pensions. That these funds don’t deliver outperformance is almost beside the point. What they… Read More The post Hedge Fund Expected Returns Are Fabricated Sales Tools appeared first on The Big Picture.
Decoding the press release on the new health care venture from Berkshire Hathway, Amazon, and JP Morgan.
A federal judge denied a hedge fund’s request to stall a debt exchange closing tonight, saying they had provided insufficient evidence of irreparable harm to them or the market. U.S. District Court Judge Laura Taylor Swain denied the preliminary injunction request by Solus Alternative Asset Management in its quest against hedge fund GSO Capital Partners and homebuilder […]
A jury acquitted front line workers in the horrific Lac-Mégantic "bomb train," but the higher-ups have not been held to account.
I am fascinated by hedge funds for several reasons: first, I admire great talent, skill and expertise in whatever form it manifests itself. Excellence should never be ignored or lightly dismissed. These handful of alpha generators have created an enormous amount of wealth for their investors. To quote Jim Chanos, it is the same few 100… Read More The post All-Time Hedge Fund Earners appeared first on The Big Picture.
Hedge Funds Had a Good Year, Just Not Good Enough And yet an industry with high fees and ho-hum performance continues to thrive. Bloomberg, January 12, 2018 Attention hedge-fund investors: I have some good news for you. I also have some not so good news. The good news is that 2017 saw… Read More The post Good News / Bad News for Hedge-Fund Investors appeared first on The Big Picture.
This week I sat down with Ray Dalio of Bridgewater Associates. He is the founder, chairman, CIO and outgoing CEO of the firm, which manages $160 billion dollars. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. He’s also the… Read More The post MiB: Ray Dalio of Bridgewater on Principles for Work & Life appeared first on The Big Picture.
A Hedge Fund Giant Found Lots of Value in Failure The world’s biggest hedge fund springs from the wreckage of his monumental error. Bloomberg, December 11, 2017 By any conceivable measure, Ray Dalio, head of Bridgewater Associates LP, is a wild success. The founder of the world’s largest hedge fund with $160… Read More The post Ray Dalio on The Fine Art of Failure appeared first on The Big Picture.
This week’s podcast with Ray Dalio has generated a lot of feedback. Enough of you requested the transcript that we rushed it, and you can find it below. The audio can be found here Bloomberg, iTunes, Overcast, and Soundcloud; all of our prior podcasts are here: iTunes, Soundcloud, Overcast and Bloomberg. ANNOUNCER: This is Masters in Business with Barry Ritholtz, on… Read More The post Transcript: MiB interview with Ray Dalio appeared first on The Big Picture.
This week we sit down with Ray Dalio of Bridgewater Associates. Dalio is the founder, chairman, CIO and outgoing CEO of the firm, which manages $160 billion dollars. Dalio has been a global macro investor for more than 45 years, having started Bridgewater out of a two-bedroom apartment in New York City in 1975. He’s also the… Read More The post MiB: Ray Dalio of Bridgewater Associates appeared first on The Big Picture.
Arguably the UK’s most influential think tank, Legatum’s background in 'disaster capitalism’ reveals much about its Brexit agenda.
An Aurelius Capital lawsuit supports both good governance and an end to Puertoo Rico's colonial status.
This week we sit down with legendary investor Felix Zulauf. In 1990, he founded Zulauf Asset Management, a Switzerland-based hedge fund. Prior to that, he ran the institutional portfolio department at UBS, eventually becoming Global Macro Strategist. He was previously an analyst in the bank’s research department, a position he hated; he preferred top down macro… Read More The post MiB: Felix Zulauf on What Drives Markets appeared first on The Big Picture.
A speech and Q&A with billionaire and the second richest hedge fund manager in the world, James Simons. In this speech James talks about his life, career and the events that lead him to starting Renaissance Technologies. James also goes on to speak about why Renaissance technologies is so successful and his guiding principles for… Read More The post James Simons: Conquering Wall Street with Mathematics appeared first on The Big Picture.
This week (for our 3rd anniversary broadcast) we sit down with Ed Thorp, the math professor who Beat the Dealer, and Beat the Market, and became the first true quant hedge fund manager. His new autobiography is A Man for All Markets. At the time he was a mathematics professor at MIT, Thorp realized that the house edge in BlackJack could… Read More The post MiB: Ed Thorp on Beating Vegas & Wall Street appeared first on The Big Picture.
Hedge Funds Are the Ultimate Survivors Despite market-lagging performance and high fees, they manage more money than ever. Bloomberg, June 21, 2017 You may have read a bit of negative news 1 recently about hedge funds: high fees, subpar performance and concerns about legal issues. That might be the sort of unholy… Read More The post Death of Hedge Funds Have Been Greatly Exaggerated appeared first on The Big Picture.
Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.