August 18, 2017

How to Beat Argentina in a Staring Contest

Thierry Henry, who had a famous handball in 2009

Hedge funds have just given us a primer on how to beat Argentina in a staring contest. Today the U.S. Supreme Court ordered Argentina to pay holdout debt holders from its 2001 default, including Elliott Management, among others. Ken Parks, Nicole Hong, Brent Kendall and Matt Wirz explain the repercussions in the Wall Street Journal. […]

Hedge Funds Need an Oil Change

Future hedge fund manager?

Today’s Wall Street Journal says hedge funds need an oil change. Some of the best and the brightest got caught up in the trade going the wrong way on them. CHRISTIAN BERTHELSEN, JULIET CHUNG and HARRIET AGNEW write: A wrong-way bet on global oil prices has hit some of the crude market’s most high-profile investment […]

Hedge Funds with the Wrong Kind of Indians

Much like Columbus, some hedge funds greeted the wrong kind of Indians.

Hedge Funds with the Wrong Kind of Indians are addressed in Anita Raghavan’s new book, “The Billionaire’s Apprentice,” an account of the insider trading scandal surrounding Galleon Group. The Wall Street Journal‘s Stewart Pinkerton gives a good summary so you don’t have to read the whole thing. I give you a summary of the summary […]

Hedge Funds Get Worthless Research

The Crystal Ball by John William Waterhouse

If hedge funds get worthless research, why would they pay so much for it? Hedge funds are brokerage houses’ best clients. SAC Capital, for instance, is known to pay some of the highest trading and brokerage fees. In return, they expect the best equity research on the street. Goldman Sachs and other prime brokers often […]

It’s Time for Hedge Fund Investors to Know Their Options

The hectic Chicago Board Options Exchange trading floor is not the only place hedge fund investors can learn about options.

Ah, the masters of the universe – hedge fund managers. They get paid to manage money often using complicated financial instruments or knowing a particular market better. One market that can seem more complicated than stocks and bonds is the options market. Investors can arm themselves with knowledge so they know what their managers are […]

Convicted Hedge Fund Manager of Galleon Group Sounds Off

Sri Lanka, home of the Colombo World Trade Center, and former hedge fund manager Raj Rajaratnam's origins

The convicted hedge fund manager of Galleon Group sounds off on his insider trading charges, his background, and indiscretions during his arrest. Raj Rajaratnam, the central character in the largest insider trading case, was extremely successful in his career as the hedge fund manager of one of the most-respected funds on Wall Street, becoming a […]

Goldman Sachs Hedge Fund Founder “Reflects” on Its Demise

Goldman Sachs hedge fund founder "reflects" on its demise