Hedge funds run by women have generated returns two times higher than their male counterparts this year, piling further pressure on a sector that has been branded “male, pale and stale” to recruit more female portfolio managers. The HFRX Women index, which pulls together the performance of female hedge fund managers, has returned 9.95 per…
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The wonderfully irrepressible Hugh Hendry of Noddy car fame ( see this video for the reference) is closing his fund. His rationale is explained here.
The good old corporate euphemism of exploring new opportunities has been applied to the resignation of CBA CEO Ian Narev. Apparently you are not allowed to say listen mate under your reign we have had a big arse Ponzi scheme, the bank has tried to deny the terminally ill access to insurance they paid for…
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I shared a stage once with Ray way back in the last century and always found him to have something interesting to say. Click here to be taken to the video.
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This is a chart of investor sentiment as produced by the American Association of Individual Investors. Each week the association polls its members with the question where do you feel the stockmarket will be in the next six months. The results are tallied to give a percentage bullish, bearish or undecided. These sorts of metrics…
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Good performance, mediocre results or even downright ugly returns. When it comes to hedge funds, it scarcely matters. Even as some investors begin to sour on these high-priced stock pickers, the top fund managers still haul in enormous paychecks. The 25 best-paid hedge fund managers earned a collective $11 billion in 2016, according to an…
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NEW YORK — The hedge-fund industry is a secretive world led by tight-lipped titans who make more than $1 billion a year. It shouldn’t enjoy having its quirky habits probed on television. But that appears to be what is happening. On Showtime’s “Billions,” two larger-than-life adversaries, U.S. Attorney Chuck Rhoades and billionaire hedge-fund manager Bobby “Axe”…
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Almost a decade ago Warren Buffett made a bet with Ted Seides then of Protege Partners a specialised asset management firm that the S&P500 would over the next ten years beat a selection of the hedge funds. With the bet nearing its termination date Seides has admitted defeat and in an article for Bloomberg sets out…
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