We’ve heard a lot of buzz for years now about the “carried interest loophole” that hedge fund managers take advantage of. Critics of this loophole have suggested that it allows such managers to earn big profits from securities trading without paying taxes. While there is some truth in the notion that carried interest represents a tax deferral for managers of certain types of investment funds, this is not the case for many managers of true “hedge” funds
... Read more »
A number (maybe 15 or so) of years ago, when I first emerged on the speaking circuit, I gave a talk about hedge funds to a CFA society in Texas. I presented an hour of education on the topic, touching on everything from Long Term Capital Management and blow up risk to fee structures, performance, asset allocation and portfolio construction benefits. At the conclusion of my formal remarks, I took a few audience questions
... Read more »
Some have asserted that monkeys with typewriters, given enough time, could replicate Shakespeare. Don’t take the wager. While other financial denizens sarcastically note that given enough time there will be a few successes out of all the active money managers, building on the concept that even a blind pig will occasionally find a peanut. Alternatively, our goal in the white paper is to more reliably accelerate an investor’s search for sound and safe hedge fund and niche investments
... Read more »
I have to say, Facebook is getting disturbingly good at targeting ads. Lately my timeline has been populated by comfort items – cozy PJs, custom pillows that ‘guarantee’ a good night’s sleep, shoes without three-inch heels and even this random beanbag thing called a MoonPod. Evidently you buy one too many cards that reads “People, Amirite?” and the magic algorithms of Zuckerberg’s evil empire decide you need a little time out
... Read more »
Hedge Connection’s December 3, 2018 year-end program featured a ‘Manager Quick Fire’ moderated by Robert Akeson, Co-Head of Prime Brokerage at Mirae Asset Securities. Five managers, each with a distinct investment strategy, presented their Best Idea for 2019, followed by audience Q&A. We are sharing excerpts of this thought leadership
... Read more »
