Blenheim Closes, Ushering in a New Era in Commodities
Willem Kooyker is folding up his tent at Blenheim Capital, the commodities-focused hedge fund headquartered in an office park in Berkeley Heights, N.J. Kooyker is a legend. In 1981, he went to work at...
View ArticleMuddy Waters Sells Burford Short
Burford Capital, a New York-based company, provides litigation finance. This is a subject of endless debate, especially among members of the plaintiffsâ bar. The old-style plaintiffsâ lawyer simply...
View ArticleMergers and Acquisitions Trending Down in Europe
In a new report, Pitchbook looks at the mergers and acquisitions trends in Europe. In 2019 through September, the value of European M&A is lower than it has been since 2014, and the volume is...
View ArticleInvestors Want Liquidity and They Want it Now
A recent publication from Fidelity Institutional Asset Management, while looking at the money markets in the US, emphasizes that investors are looking for liquidity. The report, written by Kerry Pope...
View ArticleThe Case Against REITs
By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION Surveys often reveal investor behaviour that is challenging to understand. For example, Preqinâs Alternative Investor Outlook for...
View ArticleThe Risks of Betting on the Transformation of Automobiles
Hedge funds recently are interested in taking the long position on Telenav (NASDAQ: TNAV). According to Insider Monkey, the number of hedge funds with positions in TNAV rose from eight to 13 at the end...
View ArticleHow to Improve Momentum Risk Management
Matthew X. Hanauer and Steffen Windmueller, two scholars affiliated with the Technical University of Munich, compare the performance of three risk management approaches applicable to the momentum...
View ArticleMore ‘Greater Fools’ After WeWork
The term âgreater fool theoryâ refers to the many circumstances in which speculators buy a (potentially) productive asset, basing their buy decision not on the assetâs operational value, but on...
View ArticleMachine Learning: Beyond the Fear of Unknown Unknowns
Machine learning as a way of managing a portfolio is a âwave of the futureâ with a lot of sea to cover before it breaks on the shore. Meson Capital Partners has sent its investors an update and...
View ArticleDemocratization Without Education
By Bill Kelly, CAIA Association CEO The American history buffs out there will know that we are just a few short weeks away from the 246th anniversary of the Boston Tea Party. Back in 1773, the British...
View ArticleAlternative Investments: Investing By Numbers
Whatâs in the future for alternative investments asset management? A new publication from Ernst & Young, London, contends that allocations to alternative investments and are ârobust,â but...
View ArticleIcahn Loses Match: Knocked Out on A Books-and-Records Issue
The phrase âbooks and recordsâ hardly suggests excitement. Yet, the cliched corporate lawyersâ phrase is not without payoff, either. Activist hedge funds are always interested in ammunition that...
View ArticleHedge Fund Flows Fall Flat in October
The Eurekahedge Hedge Fund Index was up 0.31% in October. However, it doesnât measure up to the market next to the MSCI ACWI (Local), which ended October up 1.93%. Eurekahedgeâs latest monthly...
View ArticleThe Iceberg Impact in Brand Management
By Diane Harrison There typically are two business attitudes about branding. One, those that are hyper focused on building and keeping a high quality brand, and two, those that donât see the point of...
View ArticleHave Venture Capital Firms Created a Unicorn Bubble?
A theory is making the rounds, as expressed for example in a Forbes piece last month by David Trainer, that the US economy in particular (perhaps the economy of other nation states as well) is in the...
View ArticleLooking for Bias: Hedge Funds, Funds of Funds and Prime Brokers
Prime brokers help funds of hedge funds identify hedge funds, which creates what the authors of a new paper call a PB bias. This means that portfolios are overweighted to the hedge funds serviced by...
View ArticleSetting The Next Stage in Cryptocurrencies
Telegram Open Network (TON) is a blockchain project supported by a native utility token called the Gram, created by Pavel and Nikolai Durov, who were behind the Telegram messaging app. TON now faces an...
View ArticleRequiem for a Heavyweight
By Bill Kelly, CAIA Association CEO A requiem is a solemn chant for the repose of the dead. Chant-worthiness when it comes to the Enron Corporation is still subject to much debate depending, of course,...
View ArticleHedge Funds and the Value of Diversity and Inclusion
The Alternative Investment Management Association, in conjunction with Ernst & Young, has prepared a paper on inclusion and diversity in the hedge fund industry. The paper begins fittingly with a...
View ArticleWe Versus Me: Identifying An Investment Mindset
By Diane Harrison When deciding where to put money, investors have many choices and multiple goals they are trying to achieve. Commonly, one seeks to partner with outside managers to enhance or...
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