Why I Consulted with an Active Fund Manager
“Have you sold out?” That was the half-joking response of a friend when I told him I was consulting with L2 Asset Management, an active fund manager. I have been (and... Read More
Housing Market Cooldown Will Only Lead to More Dysfunction
Wednesday's Federal Reserve meeting provides the clearest sign yet that the central bank is treating inflation as a national emergency, with markets expecting a 0.75% interest-rate increase. But the... Read More
Hedge Funds Chasing ESG Billions Get Help From Researchers
Hedge funds eager to prove that short-selling is a legitimate ESG strategy just got some fresh material to back their case. A study published by the Managed Funds Association indicates that targeted... Read More
Bitcoin Tumbles to 18-Month Low After Latest DeFi Lender Blowup
Bitcoin plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem... Read More
Sobering News for ESG Investors
New research shows that positive returns to ESG portfolios from 2018-2020 were attributed to increased demand for “green“ stocks, raising the question of whether that outperformance will be sustained. Q1... Read More
It’s Warren Buffett Versus Big Tech in Iowa’s Latest Wind-Farm Debate
Google, Facebook and Microsoft Corp. — three of the world’s biggest corporate buyers of clean power — are sounding the alarm that a nearly $4 billion, Warren Buffett-backed renewable-energy project proposed... Read More
SEC Proposals for ESG Ignore 80 Years of Financial Science
The US Securities and Exchange Commission is concerned that retail investors who want their investment managers to factor environmental, social and governance considerations into investment decisions are being duped... Read More
Why ESG Funds Have Outperformed
The rising popularity of ESG investing has driven asset flows to green stocks. But new research confirms that the resulting higher valuations forebode lower returns for climate-conscious investors. Many consider... Read More
Zombie Firms Face Slow Death in US as Era of Easy Credit Ends
They are creations of easy credit, beneficiaries of central bank largesse. And now that the era of unconventional monetary policy is over, they’re facing a challenge like never before. They... Read More
Why Inflation Is Hitting American Households Like Never Before
Economists like to strip food and energy out of their inflation calculations. They’re too volatile to be meaningful, they say. But for everyday Americans coping with exploding prices, those... Read More
What Would You Pay for Lunch With Warren Buffett? Bidding Stands at Record $12 Million
The final day of bidding for Warren Buffett’s last charity lunch just got interesting. Q1 2022 hedge fund letters, conferences and more As late as Thursday evening, the highest bid for... Read More
Elizabeth Holmes’ Lesson for Target-Date Funds
In 2003, at age 19, Elizabeth Holmes founded Theranos, and it became a $10 billion company by 2014. But it was a fraud. Aspects of target date funds mirror... Read More
Does This CDO Come in Green? With ESG Everywhere, Buyers Beware
It started with bonds. Now even collateralized debt obligations (CDOs) come in green. From the humble bank loan to a complex swap, there is virtually no corner of finance for which... Read More
SEC Investigating UST Stablecoin Blowup in Fresh Threat to Terra
The US Securities and Exchange Commission is investigating whether the marketing of the TerraUSD stablecoin before it crashed last month violated federal investor-protection regulations, according to a person familiar... Read More
Red-Hot Lithium Boom Pits Wall Street Against the Wonks
There’s a fight brewing in the lithium market, after a controversial forecast from Goldman Sachs Group Inc. analysts set off a backlash among some of the industry’s most prominent... Read More
Active Managers Are on a Winning Streak. That Won’t Last.
Stock pickers are beating the market in unusually large numbers this year, raising the age-old question about whether their success can be attributed more to luck or skill. Nearly 70%... Read More
Soros’s Money Manager Warns Recession ‘Inevitable’ But Market Timing Is Off
Despite the massive selloff in equities this year and persistently high inflation, Dawn Fitzpatrick isn’t worried about a recession in the immediate future. The chief executive and chief investment officer... Read More
How I Protect Against the Coming Market Crash
Interest rates are going up, so bond and stock prices are going down. You can ride it out, but it will be an awfully long rough ride. I recommend... Read More
ESG Investing Is Heading for a Reckoning, Says One Veteran Manager
The ESG investment industry may be headed for a reckoning and many companies won’t survive this period of higher interest rates. Free-Photos / Pixabay That’s according to James Penny, who’s been... Read More
When Crypto’s Own Hedge Fund Geniuses Failed
Cryptocurrencies were supposed to teach traditional financiers a thing or two about how to avoid collapses and crises. Yet it feels like we’re simply repeating history. Specifically, the messy... Read More
Goldman Buyback Desk Was Flooded With Orders During Stock Rout
While hedge funds were busy bailing from stocks at a record pace as the S&P 500 plunged into a bear market, Corporate America was furiously buying. As the benchmark index... Read More
Crypto Hedge Fund’s Ominous Tweet Is Latest Shock to Market
A vague tweet by a founder of Three Arrows Capital, an influential hedge fund that has been liquidating crypto holdings as prices plummeted, is stirring fresh apprehension in an... Read More
