Foresight Is Better Than Hindsight Jun6

Posted by & filed under Hedge Fund Investors, Hedge Fund Marketing, White Papers/ Thought Pieces.

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The Lake Wobegon Effect—where, according to its creator, Garrison Keillor, ‘all the women are strong, all the men are good looking, and all the children are above average’—relates to the tendency to overestimate one’s achievements and capabilities in relation to others. Lake Wobegon seems to be alive and well in the hedge fund industry, where every manager thinks they are above average, despite a wide range of evidence to the contrary

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The Daily Shot 4/15/16: Global Macro Currents Apr15

Posted by & filed under Hedge Fund Marketing, The Daily Shot.

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Greetings, Let’s begin with China where we see further signs of economic improvement. 1. March industrial output, fixed asset investment, retail sales – all beat expectations. Stimulus starting to work? Source: Investing.com Source: Investing.com 2. China’s new loans rose to CNY 1.37 trillion, topping expectations. Credit is flowing. Here is a longer-term chart showing growth

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Asset Management Serial Entrepreneurship, Not as Easy Mar22

Posted by & filed under Hedge Fund Assets, Hedge Fund Marketing, White Papers/ Thought Pieces.

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The concept of two guys with a Bloomberg in garage starting a fund has long faded from reality to become a mere figment of our imagination. With increased barriers to entry resulting from emphasis on transparency, infrastructure, focus on reputational risk, the reality is very different today versus 10 years ago. Today, we see numerous new fund ideas being launched, with muted growth trajectory. What does the next generation of managers look like? And what is their path to success

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