Category Fund Management
Bonds – How Inflation And Interest Rates Affect Bonds – Investopedia
Bonds – How Inflation And Interest Rates Affect Bonds Ownership of a bond is the ownership of a stream of future cash payments. Those cash payments are usually made in the form of periodic interest payments and the return ofprincipal when the bond matures. In the absence of credit risk (the risk of default), the value of that stream of […]
The rise of BlackRock
The rise of BlackRock In 25 years, BlackRock has become the world’s biggest investor. Is its dominance a problem? Dec 7th 2013 | From the print edition ASK conspiracy theorists who they think really runs the world, and they will probably point to global banks, such as Citigroup, Bank of America and JPMorgan Chase. Oil […]
Debt Investing Concept: Credit Curves
Debt Investing Concept: Credit Curves While this post is more particular to high yield and investment grade bonds, than to distressed investing, I believe it is an important concept considering what is going on in certain pockets of the market today. A credit curve is essentially the spread over treasuries of various maturities for a single bond […]
Current Environment in high yield
– Opportunity in high yield still exists given attractive spreads and lower interest rate sensitivity Fundamentals Corporate balance sheets remain healthy and supportive of the high yield market Companies continue to refinance qt lower rates and extend debt maturity profile Default rates remain around 1%, still well below historical averages (4%) Technicals Retail fund flows […]
Why hedge-fund middlemen must adapt or die
Firms that invest in hedge funds on behalf of large institutions and wealthy individuals—an industry that got its U.S. start in Chicago more than 40 years ago—are recasting their businesses as clients unhappy with an extra layer of fees are bypassing the middlemen. In the most striking local example, Chicago-based Grosvenor Capital Management LP, a […]
Alternative Beta
Alternative Beta, in the context of risk premium oriented investing, is a concept that extends the idea of traditional passive investing into the alternative investment space. Alternative beta refers to risk premia which are available in the global capital markets beyond traditional equity or fixed income related long only investments. Generally risk premia are returns […]
Bridgewater
We believe the best way to manage money is to separate investment alpha (value-added return from active management) from beta (return from passively holding a portfolio) and then create optimal portfolios of each. At Bridgewater, we manage money for clients across most major asset classes by replicating a client benchmark and overlying the benchmark with […]
Activist Investors ?
Investing, at its core, is often about identification of a pricing anomaly and, thereafter, realization of profit from its correction. The approach of some investors is to take positions and hold onto them in the belief that the market will, over time, also come to recognize the anomaly and correct the value naturally. Others, however, […]
Hedge Fund Sector Review
Hedge Funds Have produced generally positive performance YTD in 2013 through May with fundamental and tactical trading managers benefiting from a more favorable macro economic backdrop and supportive market conditions. Equity L/S Equity Long/Short managers have generated positive YTD performance through May. While monthly returns have been consistently positive, performance in recent months has been […]
So You Think You Can Start a Hedge Fund? How to Become the Next Ken Griffin, Part 1 – Getting Up and Running
First, the bad news: you haven’t picked the best time to start a hedge fund (assuming that you are reading this anywhere in between 2011 and the present day). It was much better to get into the gameearly – i.e. the late 90′s or early 2000′s – before everyone else also wanted to start their own […]
What Is Value Investing and Value-Driven Asset Allocation?
What Is Value Investing and Value-Driven Asset Allocation? Morningstar’s Daniel Needham explains how investors can use a value strategy to dictate their asset allocation over time. Related Links Full Coverage of the Morningstar Investment Conference Holly Cook: What is value investing and what is value-driven asset allocation? Here to answer those questions is Daniel Needham. He […]
The real difference between Private Equity, Hedge Funds and Family Office. Who should I target as a source of capital for my renewables project/company?
The real difference between Private Equity, Hedge Funds and Family Office. Who should I target as a source of capital for my renewables project/company? The real difference between these different capital sources is not much. Historically one could generalize that hedge funds are traders, while private equity funds are more likely to be long term […]
PRIVATE EQUITY VS. HEDGE FUNDS
PRIVATE EQUITY VS. HEDGE FUNDS While there are no strict definitions of a private equity firm and a hedge fund, some distinct similarities and differences separate the two types of firms. Private equity firms and hedge funds are similar in that both invest from a leveraged pool of capital normally contributed by limited partners; both compensate the management […]
Fund Management: Pension pots, portfolios and the art of long-term investment
As a fund manager, you manage a portfolio as an investor.We don’t have to persuade people to do things; we do things ourselves. We are investors rather than advisors. Mark Burgess, Chief investment officer THREADNEEDLE
Comparaison des ETF par rapport à leurs modes de réplication est-il juste ?
Comparaison des ETF par rapport à leurs modes de réplication est-il juste ? Dans les années 2007-2008, suite à la crise du crédit les investisseurs se méfient de plus en plus des produits utilisant des dérivés. Les ETF synthétiques utilisant des swaps sont considérés comme les investissements risqués. Les ETF synthétique qui ont reconnu un succès […]
Buy write Fund ?
An Open-End Means to Hedge Volatility RiverNorth’s Eric Metz discusses his firm’s reasons to create an open-end buy-write strategy fund and how the portfolio is positioned to mitigate risk. http://www.morningstar.com/cover/videocenter.aspx?id=581438 Josh Charney: Hi, my name is Josh Charney. I’m a fund analyst here at Morningstar. And here with me today I have Eric Metz. He is […]
The Financial Engineer 