Category Archives: hedge funds

How Hedge Fund Managers Apologize

Paul Kedrosky has shoved 3,085 words of hedge fund manager
non-apology apologies into Microsoft Word’s Auto-Summarize feature and boiled
them down
to two sentences.
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Goldman’s Hedge-Fund Sweetener Revealed

We bloggers like to speculate, and on Monday I hazarded
a guess
that the don’t-call-it-a-rescue injection of liquidity into Goldman
Sachs’s Global Equity Opportunities hedge fund would reward investors with lower
fees than would normally be available to them.
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One Question for David Viniar

What, exactly, was it that saw a 25 standard deviation move?
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Dissecting Hedge Funds

Blessed with the genius of hindsight, Veryan Allen has decreed
that "the recent stat arb problems were almost inevitable".
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Why a Goldman Sachs Hedge Fund Investment Might Look Attractive

Commenter tinbox has an
interesting take
on the news that Goldman Sachs is injecting liquidity into
its own hedge funds:
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AQR Also Hopes To Put More Money Into Quant Funds

Bess Levin of Dealbreaker has
the letter
that AQR principal Cliff Asness sent to investors worried about losses in his
quant-based hedge funds.
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Quant Fund Pain: Is The Worst Over?

There have been a lot of losses in quant-based hedge funds in recent days.
But the smart money, it seems, is
bullish
:
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When Volatility Strikes

We’re not on the brink of Armageddon.
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When Hedge Fund Investors Lose Confidence

Jenny Anderson is
worried
that when hedge-fund investors get their monthly statements in July,
they’ll start to panic.
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Subprime in Germany

Who or what is an IKB? I know there are lots of obscure European banks, but
IKB is obscure even by German standards. And somehow – really, no one
seems to have the foggiest notion how – IKB’s Rheinland Funding vehicle
seems to have contrived to amass an eye-popping €17 billion ($23 billion)
in US
subprime exposure
.
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Sowood: Long Debt, Short Equity

Marc Andreessen made a lot of money last week, when he sold
his company
for $1.6 billion. But has he been losing a lot of money, too?
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Bear Stearns Funds: Still More Questions Than Answers

Back on Monday, I had a whole set of unanswered
questions
about the collapsed Bear Stearns hedge funds. Today, we got news
– but no answers to those questions. In fact, there are now more questions
than ever.
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Why Hedge Fund Managers Don’t Blame Themselves For Losses

I don’t need to pick on Bear Stearns here: in fact I’m struggling to come
up with a single hedge-fund collapse which didn’t blame some kind of
"unprecedented" event.
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Bookstaber Blogs: Why Hedge Fund Managers Make Less Than You Think

Rick Bookstaber is blogging!
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Harry Kat: Changing His Tune?

Earlier this month, John Cassidy profiled
Harry Kat, hedge fund replictor. It certainly seemed that Kat’s
business was to replicate the returns that hedge funds generate, if not on a
month-to-month basis then certainly over the medium term.
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Unanswered Questions at Bear Stearns

Does anybody really understand what happened at the two Bear Stearns hedge funds which have now imploded?
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Staying Sanguine About the Bear Stearns Losses

DealBook
today sets up a mini cage match between me and Janet Tavakoli:
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Both Bear Stearns Hedge Funds Have Positive Valuations

That seems to be what
the WSJ is reporting
this afternoon, at least:
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How to Start a Hedge Fund Without Having to Run It

How come Nassim Taleb is setting up a new hedge fund, Universa
Investments
?
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Hedge Fund Analysts’ Salaries Soar

Mark Malyszko of Institutional Investor says that pay at hedge funds is through
the roof
.
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Ralph Cioffi’s Failed Liquidity Arbitrage

Veryan Allen has a neat riposte to anybody who claims that
the meltdown at Bear Stearns’ credit funds shows how dangerous hedge funds can
be: the Bear Stearns funds weren’t
hedge funds
!
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Bear’s Funds’ Problems: Not All That Big

The more we learn about what happened at Bear Stearns, the more overblown all the worries seem to have been.
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Bear Stearns Funds: Is Everything OK Now?

After throwing the entire financial media (if not the actual markets) into a week-long tizzy, Bear Stearns seems to have found a way to stabilize things without committing too much of its own money and without subjecting its funds’ prime brokers to any losses.
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Punishing Short-Sellers

What is the SEC
doing fining UK hedge fund GLG Partners $3.2 million over illegal
short-selling
?
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The Bear Bailout: A Plea for Transparency

Now that the public gets its financial information from an incredibly wide range of sources, it’s becoming less and less useful for banks and other financial entities to talk only to a small number of media sources.
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