Kentucky Pension Fund: “Like a 3rd World Country with 2 Different Governments Claiming Power”
Kentucky is now practicing pension fund governance at the barrel of a gun.
Read more...Category Archives: Hedge funds
HR 5424, “Investment Advisers Modernization Act,” a “Get Out of Madoff and Other Frauds for Free” Bill, Passes Financial Services Committee
HR 5424, intended to make life even easier for potential securities law abusers, got considerable support from Democrats on the Financial Services Committee.
Read more...Hedge Fund Shakeout Continues
The hedge fund industry has been bloodied but is far from bowed.
Read more...Financial Times Exposes McKinsey’s Secret, Conflict-Ridden In-House Hedge Fund
McKinsey’s heretofore secret in-house investment unit has troubling conflicts of interest.
Read more...Investment Case Study: Some Oxford Dons Take Skeptical Look at Yale and Canadian Investment Fads, Um, Models
Believe it or not, a case study on major approaches to investing that is both informative and fun to read.
Read more...Welcome to the Great Australian Scab Grab
Australia is in the grip of the greatest economic scab grab of my lifetime
Read more...Hedge Funds Want a Pony, Um, Permanent Capital, as More Investors Exit
Hedge funds are trying to sell a (sort of) new idea, that of permanent capital. But why on earth would anyone in their right mind buy it?
Read more...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...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.
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