Apr

15

Goodbye and Good luck

April 15, 2009 | Leave a Comment

As you have noticed, we have not been publishing much in the last 9 months.  Quite frankly, we don’t think we can be blamed.  The financial system has lost all credibility with the scandals, implosions, bail outs and what not.  Therefore, we are done.  We will not be posting any longer and we will not […]

Apr

20

Hedge Fund/PE Basketball Game; Entire Event Raises Over $700K for NYC Youth

April 20, 2008 | 2 Comments

This is good stuff and the kind of thing the mainstream press should note about the hedge fund industry: there is a lot of philanthropy and generosity!
 Last night, corporate sponsors, New York Knicks alumni and NYC high school basketball players came together for a night of basketball at the 2008 11th Annual Net Gain Tournament […]

Apr

15

New Family Office Association Launches

April 15, 2008 | 1 Comment

If you have your own family office or you work for one, I think you should take notice of this new association.  Not only is it very timely, I think their web site is very informative and well laid out.  In corresponding with the founder and CEO, Angelo Robles, he let me know that  The […]

Apr

2

Most Investors Will Miss This Chance

April 2, 2008 | Leave a Comment

The Financial Times recently ran a story titled “‘Unbelievable’ chance for hedge funds” and opened with:
“Hedge funds and institutional investors are starting to launch distressed mortgage funds to take advantage of an “unbelievable” buying opportunity, but they say they are running into resistance from risk-averse prime brokers”.
From where I’m sitting, the prime brokers are only […]

Apr

2

Hedge Funds to the Rescue … You Expected Differently?

April 2, 2008 | 1 Comment

It should come as no surprise that the likes of Blackrock and Highfields have stepped in to lend a hand to the stumbling sub-prime mortgage market. They’re hedge funds, that’s what they do.  Government and corporate interventions are slow and laden with bureaucratic red tape.  And when they try to move quickly, mistakes are made […]

Mar

27

Soc Gen, Rogue Traders and Scapegoats

March 27, 2008 | Leave a Comment

It looks like CSFB has joined the ranks of those institutions with supposed “rogue traders” that senior executives are blaming for all of their troubles.  I have to admit that I am one of the conspiracy theorists claiming that Soc Gen sacrificed Jerome Kervial as a smoke and mirror tactic to divert attention away from […]

Mar

25

Hedge Funds the Next Bubble?

March 25, 2008 | Leave a Comment

As the flight to liquidity continues it’s hard not to notice that macro and managed futures strategies, particularly those focused on natural resources, have been the beneficiaries of the asset flows (check out the hedge fund index numbers: macro has been on fire while all other strategies have been taking lumps).  There is massive momentum […]

Mar

18

Remember when it was an Open Market System?

March 18, 2008 | Leave a Comment

I’m extremely curious; why was JP Morgan/Chase granted the sole privilege of purchasing Bear Stearns for $2 per share.  Seems like a lot of this went on behind closed doors and occurred in such a quick manner that other market participants didn’t have a chance in Hades to respond.  While I haven’t fully crunched the […]

Feb

12

Another Hedge Fund Goes Belly Up

February 12, 2008 | Leave a Comment

Its official.  Sailfish Capital Partners has gone belly up.  Expect more funds to follow in the next couple of months.  We don’t like to see hedge fund blow up, but this quote in the New York Times article by Mark S. Fishman, ”a pedigreed money manager who raised billions of dollars at the height of the hedge […]

Feb

12

Chelsea Clinton to Avenue Capital: Your Health Care Sucks

February 12, 2008 | Leave a Comment

As we all know Chelsea Clinton has been on the road recently to campaign for her mother, Hillary Clinton, in her bid to become the next President.  Some people call this “pimping” while I call it politics.  Whatever.
However, what IS astounding is Chelsea’s statement to MSNBC as reported by Politico …
“If you have health care […]

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