Actively managed hedge funds have a performance problem, fund manager Seth Klarman noted in a letter to investors first reported by Andrew Ross Sorkin in The New York Times. With hedge fund managers severely trailing major stock indexes from 2010 to 2015, Klarman looks to a flood of assets under management as causation for underperformance. The future of hedge fund management, however, might be taking shape right now with a Klarman “cub,” Miguel Fidalgo’s Triarii Capital, following in Baupost Group’s value-orientated, noncorrelated footsteps. [klarman] 2016 Hedge Fund Letters Seth Klarman: Hedge funds seem like a failed product “To many,…
As Baupost Waits For Market Uncertainty To Take Its Toll, Klarman”Spinoff” Off To Strong Start
Mark Melin
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.