The Futility of Chasing Outperforming Hedge Fund Styles
In early 2010 financial markets were pricing in that the improvement in conditions would allow the…
Macro Managers Are The “Smart Money” During Volatile Times
Global Macro funds are having one of their best years ever. Retail investors are having one of…
Where Does All The Hedge Fund Alpha Go?
The vast majority ends up in managers’ pockets. No wonder they have so many yachts. For years…
Can Funds of Funds Consistently Pick Winners?
Investors who want diversified hedge fund exposure often look to Funds of Funds (FoF) investments…
Hedge Funds Outperform During Recessions
During recessionary periods, it’s much better to hold hedge funds than it is to have a traditional 60/40 mix..
Repeating Bogle’s Folly with Hedge Funds
Low cost index funds yield better returns than a portfolio of high cost managers. What was seen…
Cover In A Storm
It has been a difficult year for most investors. Most major liquid asset classes are down.
Today’s Liquid Alts Are a Terrible Deal For Investors
Managers of liquid alts have promised strong returns, low market correlation and better…
Capturing Unexpected Winners
For two decades I worked with the largest, most sophisticated investors in the world who had access…