Hedge Fund News: Ben Bernanke, Cliff Asness & George Soros’s Housing Bet

Page 1 of 2

Hedge funds back Geithner as Fed chief (CNBC)
Former U.S. Treasury Secretary Tim Geithner shouldn’t be ruled out as a candidate for the next Federal Reserve chairman, according to delegates at a big U.S. hedge fund event in Singapore. Ben Bernanke’s term as chairman of the U.S.central bank ends in January and President Barack Obama is expected to announce his nomination for the next Fed chief soon. Delegates at the Skybridge Alternatives(SALT) Conference believed Geithner at the Fed would mean more accommodative and pro-stimulus measures from the central bank.

Ben Bernanke & George Soros

Cliff Asness: most traditional hedge fund strategies probably aren’t worth big fees anymore (Opalesque)
Asness explained how, in this day and age, the classic hedge fund strategies that have always worked will continue to work – although with a more crowded field of practitioners they will probably be less profitable than they had been historically. He’s referring to styles like long/short equity, merger arb, convertible arb, etc. These types of strategies, he notes, probably are not deserving of the standard 2-and-20 anymore, given how easy they are to access and how common they’ve become.

Amid market uncertainty, Boston’s Baupost Group considers return of some client funds (BizJournals)
Faced with new challenges and market uncertainty in putting all of its money to work, Boston-based hedge fund giant Baupost Group is expected to return some cash to clients by the end of the year. That’s according to Reuters.com, which quoted two unnamed sources who said they are familiar with the plan but could not say exactly how much of the $28 billion Baupost manages could be returned to investors. Baupost Group is run be hedge-fund veteran Seth Klarman, whose 31-year track record at the firm is considered among the best in the business.

Schroders launches GAIA Avoca Credit fund (FundWeb)
Schroders is launching the externally-managerd Schroder GAIA Avoca Credit fund on its GAIA platform. Avoca’s current Ucits fund, the Avoca Credit Absolute Return fund will be merged into the Schroder’s fund at launch in November. Avoca Capital Management’s Simon Thorp and James Sclater will be responsible for the management of the long-short portfolio. The fund will aim to deliver annualised returns of 7-10 per cent net of fees and will focus predominantly on European corporate credits and financials with smaller global allocations, including emerging markets.

R.I.’s pension fund $780 million for an 11.1% return (ProvidenceJournal)
Rhode Island’s pension fund earned some $780 million in investment returns during the past fiscal year after paying about $70 million in fees, according to preliminary numbers presented Wednesday to the State Investment Commission. Put another way, the fund earned returns of 11.1 percent after paying fees that totaled about 0.9 percent, or 90 basis points, for the year that ended June 30. State General Treasurer Gina M. Raimondo, who has been criticized with the rest of the commission for investing in hedge funds that protect against downturns but come with higher fees, said the returns suggest the commission’s strategy is working.

Meet the hedge fund owner investing in design futures (AFR)
When Daniel Droga moved into a dilapidated warehouse in Foster Street in Sydney’s Surry Hills, his neighbourhood included a tattoo parlour, an illegal brothel and a retailer of Chinese herbs. There were no cafes, let alone any specialising in single-roast beans and bearded baristas. It was 1992 and the inner-Sydney suburb was still a good decade off becoming the groovy hub that it is today.

Why SkyBridge Capital is bullish on Singapore (CNBC)

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!