Stocks Have Been a Poor Inflation Hedge
New research shows that stocks have historically been a poor hedge against inflation over anything but very long horizons, and investors worried about preserving the real value of their... Read More
Vanguard Wannabe Faces SEC Battle to Mimic Tax-Slashing Funds
Vanguard Group’s best-of-both-worlds stranglehold over the money-management industry is facing a new kind of challenger. This week Washington, DC-based F/m Investments filed to create mutual funds as a share class... Read More
Bill Ackman’s Treasury Short May Be Right for Wrong Reasons
Long-dated government bonds are going through a rough patch. Just in the past week or so: Q2 2023 hedge fund letters, conferences and more The Bank of Japan tweaked its... Read More
Would Charles Darwin Have Been a Good Investor?
Pulak Prasad is a successful investor in the Indian market, where he grew up. But he is also an amateur evolutionary biologist. His new book illustrates a powerful –... Read More
Hedge Funds ‘Throwing In Towel’ on Stocks as Rally Forces Unwind
For stock-picking hedge funds coping with 2023’s loopy markets, risks are starting to outweigh the rewards. Pro managers who make both bullish and bearish equity wagers last week slashed positions... Read More
Hedge Fund Managers Scored Big. Investors? Not So Much.
Cynics often say about hedge funds are a compensation scheme masquerading as an asset class. If the critics are looking for ammunition to make their case, they need to... Read More
Buffett’s Florida Bet Bodes Well for Troubled Insurance Market
Last December, Florida’s legislature passed a controversial but necessary set of reforms aimed at shoring up the state’s teetering property insurance market, where a string of insurers had canceled... Read More
Check the Handicaps of the Morningstar-Rated Funds
You may be able to add up to 200 basis points of excess return when a fund’s handicaps are applied as a supplemental assessment to Morningstar gold-rated funds. Fund selection is a... Read More
Is Gold the Answer? First, What Is the Question?
News and commentary programs are being inundated by ads with dire warnings of the imminent collapse of the U.S. economy and the dollar. Q1 2023 hedge fund letters, conferences and... Read More
Ken Griffin Ramps Up Credit Bets, Anticipating US Recession
Ken Griffin, whose hedge fund churned out a record $16 billion for clients last year, is increasing his focus on credit trading as he braces for a potential US... Read More
Big US Stocks Surely Can’t Outperform Forever
I had the chance to recently speak with a financial planner who was frustrated with his life’s work managing money for other people. “No matter what I did, I... Read More
Let Exxon Out of The Naughty Corner and Back Into the Dow Jones Index
In August 2020, Exxon Mobil Inc., the largest American oil company, was expelled from the Dow Jones Industrial Average, the world’s most famous stock index. It was described at... Read More
Quant Funds That Spread Bets Are Having a Moment in China
Hedge funds that deploy a basket of computer algorithms for trading are gaining popularity in China after many investors got burned by human stock pickers. Firms including Shanghai Black Wing... Read More
Oracle Pushes to Record High as AI-Frenzy Spurs Cloud Demand
Oracle Corp. surged to a record high after the company said its cloud-computing business will continue its rapid growth in the coming fiscal year. Cloud sales gained 54% in the... Read More
Short Sellers Are More Informed Investors
The important role played by short sellers, who by their actions keep prices efficient by preventing overpricing and the formation of price bubbles in financial markets, has received increasing... Read More
‘Buffett Effect’ Is Making Occidental’s Stock Trade Like Exxon’s
Warren Buffett is shielding Occidental Petroleum Corp. from the worst of the drubbing hitting oil and gas producers and making the stock trade like fossil fuel firms more than... Read More
Copycats Target JPMorgan’s Smash-Hit ETFs Just as Market Turns
Asset managers looking to replicate the success of JPMorgan’s biggest actively-managed exchange-traded funds will likely have to do it without the same market tailwind the ETFs enjoyed. REX Shares filed... Read More
Tesla’s Record Run of Gains Drives $200 Billion Jump in Value
The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the... Read More
Fintech Platform LTX Launches Chatbot to Help US Bond Traders
US corporate bond investors are getting a new artificial intelligence-powered tool aimed at helping them more easily make electronic trades with increased transparency in the notoriously opaque market. LTX, a... Read More
Ray Dalio Says US at Beginning of ‘Late, Big-Cycle Debt Crisis’
Billionaire Ray Dalio, the founder of Bridgewater Associates, said the US is seeing stubbornly high inflation along with elevated real interest rates. Q1 2023 hedge fund letters, conferences and more “We... Read More
Hedge Funds at War for Top Traders Dangle $120 Million Payouts
When portfolio manager David Lipner said he was quitting billionaire Izzy Englander’s Millennium Management to join a rival, the hedge fund countered with an unusual proposal: A one-year paid... Read More
Be a Rockefeller, Not a Vanderbilt
Most of us have heard the proverb: “Shirtsleeves to shirtsleeves in three generations.” What many may not realize is that this is the American expression of a phenomenon that... Read More
