Hedge funds



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Book Review: Hedge Funds (An Analytic Perspective)

David Zanoni submits: Hedge Funds: An Analytic Perspective by Andrew W. Lo is a highly technical and intellectual analysis of hedge funds. Mr. Lo has filled his book with many advanced, detailed concepts and statistics about the hedge fund industry. The book is so technical that it reminded me of one of my old college statistics textbooks, filled with complex formulas and mathematical terms. Warning:...

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More bidders interested in Porsche stake - report

In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and a Russian sovereign wealth fund as well as a hedge fund were interested. A Porsche spokesman declined to comment on the report. Po ...

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Three parties interested in Porsche stake: report

NEW YORK (MarketWatch) -- Three new parties with an interest in taking a stake in German car maker Porsche Automobil Holding have emerged, according to reports Saturday. Reuters quoted German magazine Focus, which reported that a Chinese and a Russian sovereign wealth fund as well as a hedge fund were interested, rivaling investment plans by Qatar. Reuters said a Porsche spokesman declined to comment...

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More bidders interested in Porsche stake: report

In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and a Russian sovereign wealth fund as well as a hedge fund were interested. A Porsche spokesman declined to comment on the report. Pors ...

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More bidders interested in Porsche

In an advance release of remarks due to be published on Monday, Focus said without citing sources that a Chinese and a Russian sovereign wealth fund as well as a hedge fund were interested. A Porsche spokesman declined to comment on the report. Po ...

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Stock lending

As the world normalises, lenders are coming back, but borrowers are not – there are fewer hedge funds managing less money

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What Larry Summers Did to Harvard's Finances

Felix Salmon submits: Nina Munk’s VF article on Harvard’s endowment isn’t online, but the précis is, and it seems that Larry Summers takes a particular beating, being blamed for $1 billion in losses on interest-rate swaps, as well as for meddling with Harvard Management Company’s investment strategies and ultimately, with Bob Rubin, being responsible for the departure...

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The VIX And Options Trading Volumes

I’m going to interrupt the regularly scheduled program to briefly tackle one of my side interests in finance – options theory – having been inspired by this article from Bloomberg on options trading volumes. From the article: Average daily trading increased 24 percent to 15.7 million contracts in May, the biggest jump in seven months, as investors boosted the use of equity derivatives,...

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Is Wall Street influencing Obama's regulations?

Filed under: Citigroup Inc. (C) , JPMorgan Chase (JPM) , Bank of America (BAC) , Politics , Recession , Financial Crisis In a word: yes. Despite all the talk about regulating these speculative investment vehicles, "Obama's financial overhaul plan included no big surprises or threats to the lucrative, secretive industry," writes The Wall Street Journal . The name of the game is lobbying,...

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High Correlation between Asset Classes: Herd Mentality or Lemming Action?

Trader Mark submits: While I own a lot of cash, it is for different reasons than this story ; I am simply awaiting a break out of this month's long range one way or the other. However, I completely agree with the massive correlation among asset classes. "Herd mentality" is a great way to describe much of the trading, although I much prefer "lemming action". It's quite wonderful...

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Madoff 'feeder' Merkin parts with art trove

A hedge fund manager being sued over his role in the Bernard Madoff scandal is selling off $310 million worth of art.

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Soros predicts stop-go economy and higher rates

NEW YORK Billionaire investor George Soros on Tuesday predicted a stop-go economy for the United States, saying fears of inflation will drive up interest rates and choke off growth. Soros, one of the world's most successful hedge fund managers who ...

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Blackstone makes a land grab for Europe

Filed under: Blackstone Group L.P (BX) While the Blackstone Group (NYSE: BX ) is primarily known as a private equity firm, this actually understates things. In fact, it is a diverse global platform that spans hedge funds, corporate advisory and real estate investments. Actually, the real estate segment is getting bigger. This week Blackstone announced that it raised a $4.3 billion real estate fund...

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Portfolio Tracking: Tudor Investment Corp., Q1 2009

Market Folly submits: This is the 1st Quarter 2009 edition of our ongoing hedge fund portfolio tracking series. Before reading this update, make sure you check out the Hedge Fund 13F filings series preface . This week is 'global macro week' here at Market Folly and we'll be covering some of the equity positions of the major global macro strategy hedge funds. We want to start off this week with a slight...

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Soros Fund Hikes Ownership Stake in Extreme Networks

Market Folly submits: In a 13G filed with the SEC, George Soros' hedge fund Soros Fund Management has disclosed a 5.72% ownership stake in Extreme Networks (EXTR). The filing was made due to activity on June 16th, 2009 and they now own 5,079,766 shares. They have significantly increased their position since when we looked at Soros' entire portfolio . In their last 13F filing which details positions...