Category Archives: Hedge Funds

A Different Kind of Border Wall

To slow mass migration, stop the illicit capital flight from poor to rich countries. An asset manager called ____ Capital recently sent out this email seeking referrals: The US Investor visa program allows one to invest $500,000 U.S. in a … Continue reading

Posted in Africa, Asia, Corruption, Cronyism, Demography, Economy, Emerging Markets, Europe, Hedge Funds, Immigration, Luxury Goods, Manhattan, Real Estate, Society, US Economy | Leave a comment

Capitalism Did Not Win the Cold War

This article first appeared at Foreign Affairs. Why cronyism was the real victor. When the Soviet Union collapsed 26 years ago, it was generally agreed that the West had won the Cold War. This was affirmed by the prosperity and … Continue reading

Posted in Africa, Brazil, BRIC countries, Communism, Corruption, Cronyism, Economy, Emerging Markets, Foreign Affairs, Hedge Funds, New York, Offshore, Oil, Real Estate, Russia, Society, United States, US Economy | Leave a comment

Why Buffett Won His Bet Against Hedge Funds

QE had a lot to do with it. Active fund manager billionaires Warren Buffett and Charlie Munger have been critical of active fund manager millionaires for their very high fees and chronic underperformance. It is not unusual for the ultra wealthy to trash the … Continue reading

Posted in Economy, Federal Reserve, Hedge Funds, Investment, Society, Stock Market, United States, Wall Street | Leave a comment

The Way Forward for Hedge Funds – 2

In the first installment, I made a case that hedge funds can regain their popularity by reverting to their initial mandate which was to be hedged. I examine here how such a model hedge fund would have performed in the past … Continue reading

Posted in Economy, Hedge Funds, Innovation, Investment, Stock Market, United States, Wall Street

The Way Forward for Hedge Funds – 1

Hedge funds should go back to hedging and also consider lower fees. Equity hedge funds are under tremendous pressure, having underperformed their benchmark in nearly every year since 2008. But can it really be true that the average equity hedge fund is no … Continue reading

Posted in Economy, Hedge Funds, Innovation, Investment, Stock Market, Taxation, United States, Wall Street