Hedge fund alpha? What Alpha? Clearly not in long / short hedge funds in January and February.
A Credit Suisse report this morning noted an odd feat: The underperformance of the top 50 longs and shorts set a three year record in futility. Both long and short positions are under-performing in February, the report noted, which hasn’t happened since January 2013.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
So who benefited from the so-called Trump trade ?
Not many, says JP Morgan after a survey of its clients. Most investors were not quick enough to respond to the... Read More
Removing, processing and recycling waste isn't a glamorous job, but it's an essential one. As the world's population continues to expand, the waste management industry is growing with it, and the... Read More
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
Guy Spier is a thought leader on value investing and CEO of Aquamarine Capital Management. He has amassed a market-beating long-term investment track record. Spier is the author of... Read More
Donald Trump's track record as a businessman and property developer is pretty mixed. While he claims to be worth $3 billion today, in the past, his estimated net worth... Read More
“Before the 15th century, people gazed at the sky, and believed that other planets would move around the Earth, stop, move backwards for a bit, and then move forward... Read More
Shades Of 2013: PE Exits Hit $273B by PitchBook
PE exits slide in first half, Strategics remain strong
$273 billion in exits across 1,067 sales in 1H 2016
On pace... Read More
Marc Faber, publisher of the Gloom, Boom and Doom Report, told Bloomberg Television's Trish Regan and Tom Keene on "Street Smart" today that believing in Ben Bernanke is like... Read More
Ori Eyal's EVCM fund commentary for the month ended November 30, 2015.
EVCM is a focused global value fund. Our goal is to generate the highest possible long-term returns without... Read More
Trapeze Asset Management letter for the second quarter ended September 30, 2016; titled, "Wall Of Worry."
Also see
Q3 2016 hedge fund letters
Q2 2016 hedge fund letters
Q1 2016 hedge fund letters
There... Read More