Hedge Fund Comeuppance: Firms Hunker Down, Start to Cut Fees as Investors Wise Up and Withdraw Money
Years late, investors are finally waking up to the fact that hedge funds overpromise, overcharge, and underdeliver.
Read more...Category Archives: Hedge funds
Democrat Hedge Fund Investors Underwrite Political Networks to Privatize K-12 Public Education
Who says Democrats and Wall Street don’t get along? Hedge funds promote a war on teachers’ unions to boost school privatizations.
Read more...Dan Loeb of Third Point Foresees a Hedge Fund “Killing Field”
Hedge funds are having a major comeuppance. Couldn’t happen to a nicer bunch.
Read more...Wolf Richter: Investors Dump Hedge Funds Due to Lousy Performance, High Fees
Hedge funds are finally getting a long overdue comeuppance.
Read more...Boston “T” FOIA Fight v. Boston Globe Over $25 Million Loss-Making Hedge Fund Investment
The Boston Globe is fighting the MBTA pension fund to obtain records about an investment gone bad recommended by a former insider.
Read more...North Carolina Knowingly Allows Fox to Run State Pension Henhouse
North Carolina takes a big step backwards by allowing its sole state pension trustee take jobs that create glaring conflicts of interest.
Read more...Public Pension Funds Starting to Abandon Hedge Funds….More Than a Decade Late
Big money investors are finally starting to embrace hedge fund clones. But why did it take so long?
Read more...The Global War on Drugs Has Unleashed an International Health Crisis, Says Top Health Panel
A study by Johns Hopkins Bloomberg School of Public Health and The Lancet has effectively pronounced the war on drugs to be a failure.
Read more...Wolf Richter: Hamptons Super-Luxury Homes Whacked by Reversing “Wealth Effect”
Hamptons real estate is soft at the high end. A portent for the financial health of the super rich?
Read more...The Financial Times’ Revisionist History on Hedge Funds’ Failure to Deliver Manager Outperformance, or Alpha
Repeat after me: hedge funds produce little to no alpha, and contrary to what the Financial Times would have you believe, investors have known that for quite a while.
Read more...Should Argentina Now Pay the Ransom to Its Hostage-Takers?
Argentina’s vultures keep pressing for higher and higher settlement terms, while giving the impression that at some point they would settle. What is the end game?
Read more...New York Review of Books on How Oligarchs Use Philanthropy to Advance Their Social Agendas (and a Shout Out to NC)
How the 0.1% are using philanthropy as a Trojan Horse for social engineering.
Read more...Matthew Cunningham-Cook: How the Christie Stole New Jersey Local Government Workers’ COLA
A vignette of how pensioners are being shafted by being denied their COLA, or cost of living increase. In New Jersey, this looks to be a transfer to Wall Street.
Read more...Who Benefits From Sovereign Debt Crises?
Even though the struggle over Greece’s bailout has receded from the news, with many countries carrying large debt burdens, the need to restructure sovereign debts is not going away. This Real News Network segment gives an overview of the state of play.
Read more...Is the Billionaire-Creating Carried Interest Loophole an Endangered Species?
An internationally recognized tax expert told me a few months ago that the widely-mislabeled “carried interest” loophole was on its deathbed. A new PBS video lends some support to this bold call.
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