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"Hedge Funds" Posts
The hidden $11 Tn hedge fund industry
$11 Trillions worth of hedge funds, half the industry, is barely disclosing any information to the general public. The SEC, which already has valuable information on this well-performing universe, is requesting more disclosure in their Forms PF.
How to Lose $2 Billion in 10 Years: Unpaid Bills Pile Up for Former Hedge-Fund Star
You always see the glitz around hedge fund portfolio managers – the parties, the mansions, the cars and the boats.
It’s not always like that. This WSJ article reveals quite a story of rags-to-riches.
Market up, vol up
We are currently in the unusual market situation called “market up, vol up”, where volatilities go up while the market rallies. It is driven by retail purchases into the tiny calls, notably for the small caps and the meme stocks.
Rates rise, curves flatten, hedge funds lose
There have been some sudden movements in the global rates recently – rate rises, curves flattening, inflation threats.
The big and famous in the hedge fund world are raking significant losses.
Cryptocrook: 7½ years of jail. More like him to come.
You remember our cryptocrook? Quant WizKid, market-neutral hedge fund, Cryptocurrency arbitrage great returns, $90m AUM… Except that it was a Ponzi.
His sentence just came out: 7½ years of jail. Here are the explanation & the context.
Infinity Q is a warning to investors
Investors are not happy with Infinity-Q, the derivatives hedge fund that had a slight ‘mismarking’ and is now in a wind-down. We’ve learnt a few more things since the announcement.
$7bn tax due – Renaissance Technology
Renaissance Technologies has agreed to pay $7bn in tax to the IRS. That’s a nice chunk of change, even for them.
Here is the issue at stake.
Transfer pricing, hedge fund edition
In a new version of the transfer pricing strategy, Tom Sandell virtually relocated his hedge fund from New York to Florida to avoid NY tax liabilities on his deferred comp.
The story didn’t finish well. A whistleblower and the NY AG forced him to cough up $105m.
The 2-and-20 model is broken. Hedge funds are great.
The 2-and-20 are decried as enormous and one-sided fees. Investors are angry at the poor net performances. The press is pointing at large redemptions in a failing industry.
In other news, the weather is beautiful in hedge fund land.
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