The average Joe needs to get out of the markets, according to former hedge fund manager Raoul Pal. "There’s no point in playing right now," Pal, the founder of Real Vision TV and Global Macro Investor, told Business Insider's Matt Turner...Show More Summary
Hedge funds' massive underperformance isn't just because funds are no longer hedging against market moves. The post Here’s Why Hedge Funds Are Poised for a Comeback – and Why It Matters to You was originally published at The Wall Street Examiner. Follow the money!
Americans have a big decision to make in next month's presidential election, but markets don't seem to know how to account for it, according to Raoul Pal, a former hedge fund manager. "Volatility is way too low considering the outcomes...Show More Summary
The Ballad of The Mooch is now available in print!
Lyxor’s Philippe Ferreira and his team check in with commodity trading advisor (CTA) hedge funds, finding that they’ve been reducing bond exposure as Treasury yields rise. Fixed income markets have been under pressure, given the looming specter of a December rate hike, while higher energy prices have helped boost bond yields and inflation ticked up last month.
A hedge fund manager who ran money for one the world's biggest funds has a warning for those considering following his path: Don't bother. "It's a pretty miserable industry," said Raoul Pal, who comanaged the GLG Global Macro Fund in London for GLG Partners and retired at 36 in 2004. Show More Summary
Preqin is out with its quarterly report on hedge fund industry launches, finding that of the 118 hedge funds launched worldwide through the third quarter, North America-based funds accounted for 76%, a new 12-month high. By contrast,...Show More Summary
Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conferencetypically pitch one or several of their favorite stocks, which together have had a solid record. [...]
Matea Gold for WaPo on an unusual plutocrat: The Florida-based investor said he has contributed $40 million to Democratic super PACs and allied groups in 2016, double what he had planned to spend at the beginning of the election. He said … Continue reading ?
And dying from a form of cancer that attacks alpha generation, they say.
If your visions of high-profile hedge fund managers include frenetic scrambling through paperwork, fielding endless phone calls, and scouring the Internet during never-ending workdays, those don't apply to Steve Edmundson, the investment head of Nevada's $35 billion Public Employees' Retirement System, the Wall Street Journal notes. Where other states' retirement...
Under pressure, hedge funds are cutting better deals for those who stick around, a stark change in an industry known for minting billionaires overnight.
Nevada has taken a passive approach for its pension investments, meaning its investment chief is about as busy as the Maytag repairman. Timothy Martin, The Wall Street Journal. Pixabay The European Central Bank kept rates on hold at its meeting today. Amey Stone, Barrons.com. Some surprising winners in the hedge fund space. Svea Herbst-Bayliss and Lawrence Delevingne, […]
Hedge funds' dismal performance might be a warning sign to the greater economy. Several hedge funds have blamed their poor performance on central bankers, whose low interest rates, in the funds' view, are distorting markets. In August,...Show More Summary
In an interview with CNBC, Kyle Bass, founder of hedge fund Hayman Capital, made a blast-from-the-past prediction about 2017. "You have wages up, you have real estate rent moving up, now you have commodities bouncing. So 2017 is going...Show More Summary
We pray it doesn't come to that.