Are Hedge Funds an Inherently Unsustainable Enterprise?

Financial institutions such as Wells Fargo, Bank of America and J.P. Morgan Chase were founded generations ago. Alternatively, how many hedge funds can be named that have outlived their founders? Of course, the reason is obvious; hedge funds are a product of their...

Why Is Everyone Looking This Gift Horse in the Mouth?

The bull market in U.S. equities is now just over eight and one-half years old, but it is probably the most despised rally in history. Wall Street is behaving as a child caught with its hand in the cookie jar. Even back-to-back hurricanes, one of which engulfed an...

New York City Hedge Funds Need to Prepare for Halloween

We’re not kidding! Early in May of this year, New York City Mayor, Bill de Blasio (D), signed a new provision in the New York City Human Rights Law, which prohibits a prospective employer from asking any questions about an applicant’s previous compensation. This law...

The Hedge Fund Industry Is On a Winning Streak

It’s mid-August and we have reliable data on hedge fund performance through July 2017. According to reports, hedge funds, in the aggregate, have achieved July gains of 0.88 percent and year-to-date gains of 4.27 percent, marking nine straight months of positive...

Hedge Funds Are Killing It in the First Half of 2017

According to this recent article in the Institutional Investor, hedge funds are enjoying their best year since 2009. This statement is based upon data from Preqin, which touts itself as “the alternative asset industry’s leading source of data and intelligence,...

Two Issues Are Looming Large for Hedge Funds

About six months from today, the European Union is scheduled to implement MiFID II, imposing a punishing regulatory burden on any firm engaged with the European markets. This ironic turn of events, given the current administration’s efforts to turn back the tide of...

Is the Hedge Fund Industry in a Battle for Its Life?

According to this article in the New York Post, “hedge funds are dancing with the devil”, but the persona of that devil is something of a mystery. Is that devil a hostile press or disgruntled investors? Is it the SEC and other lawyers cruising for a payday or is it...
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