The year 2015 is one more for the dustbin of history and marks the second straight year of uninspiring hedge fund performance. If anything separates 2015’s performance from 2014’s, it is that 2015 was not a solo performance. The S&P 500, that vaunted faux...
Hedge funds, already an exclusive investment option, have been made even more restrictive by the definition of a qualified investor. Now we are seeing a trend in the direction of even greater exclusivity as hedge funds return outside investors’ capital and transform...
The performance of the S&P 500 is on a par with real ten-year Treasury rates yet, many financial reporters prefer to focus on hedge fund performance, going so far as to suggest they are imploding which, by definition, means a sudden and complete failure. While it...
Bill Gross has spent the past several months beating the drum for a rate hike. His reasons for taking this position are fairly obvious. Mr. Gross is in the bond market. Many of those favoring the status quo also have ulterior motives, so please understand…this is no...
Warren Buffett’s celebrated bet that the S&P 500 will outperform a portfolio of funds of hedge funds springs to mind in the wake of Berkshire Hathaway’s recent $400 million haircut as a result of Wal-Mart’s share-price decline. Although the Wal-Mart loss was a...
It is almost universally accepted that the FOMC has only a brace of tools with which to manage U.S. economic activity, quantitative easing (QE) and establishing the fed funds rate. Janet Yellen and her FOMC have demonstrated over the course of the past several months...
