Clinton vs. Trump on the Subject of Carried Interest

September 19, 2016

If any common ground exists between Hillary Clinton and Donald Trump, it is on the subject of carried interest taxation. Both regard the favorable tax treatment received by private and hedge fund general partners on carried interest to be grossly unfair. The politicians and many mainstream media pseudo-journalists make an uncomplicated argument—carried interest is taxed […]

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Have Hedge Funds Arrived at a Crossroads?

September 5, 2016

When Paul Tudor Jones says adieu to roughly 60 employees, Pershing Square Capital Management shaves its staff by 10 percent and Citadel trims its headcount by more than a dozen souls, this is a fair question to ask. After all, these are some of the largest and, most successful, names in the industry. What’s Driving […]

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Hedge Funds Suffer 3 Consecutive Quarters of Net Outflows

August 8, 2016

If the subject were recession, defined by the media as two or more consecutive quarters of decline, then one would correctly view the past three quarters of declining hedge fund assets under management as akin to a recession in the hedge fund industry. However, economists can find no common ground for defining a recession. Obviously, […]

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Are Hedge Funds Truly Failing to Attract Graduating MBAs?

July 25, 2016

While it may be true that fewer MBA holders are entering the hedge fund industry, it is certainly true that recent headlines suggesting that these students “scorn” hedge funds or that fewer MBAs “want to work” for a hedge fund border on fiction. Here Are the Facts The articles referenced above are inspired by Training […]

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Why Do Hedge Funds Continue to Under Perform?

July 11, 2016

This is a top-of-mind question for institutional investors and the answers are as varied as the hedge fund industry. Obviously, the answers offered can’t all be accurate. Furthermore, answers will necessarily differ from one fund strategy to another. Morgan Stanley conducted a survey at a recent conference of long/short fundamental equity hedge funds. Morgan Stanley’s […]

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Will Hedge Funds Fail in the Brexit Aftermath?

June 28, 2016

The recent UK referendum, which resulted in the United Kingdom’s exit from the European Union, has rocked the financial world. The value of the pound plummeted to lows not seen in thirty years, exemplified by today’s valuation of the pound at $1.33, down from $1.48 immediately prior to the vote. The initial reaction of global […]

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Hedge Funds Close the First Half with Few Positives

June 13, 2016

It has been another tough year so far  for hedge funds, which in the aggregate, stood in negative territory in May—down 0.09 percent. However, year-to-date figures are positive, with aggregate gains of 0.75 percent. Interest Rate Uncertainty The direction of the FOMC and its chair, Janet Yellen, is uncertain with respect to the timing of […]

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