Archive for October, 2011

Why Investors Go Lockstep

October 27, 2011

Chidem Kurdas

In the past several weeks I looked at six investors’ hedge fund portfolios. Five of them are relatively large, long-time investors. One gets a feeling of déjà vu (more…)

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Chinese Company Restructuring Draws Big Funds

October 25, 2011

Here’s a dramatic instance of distressed debt investing on a global stage. (more…)

Blackstone vs. BlackRock vs. Goldman

October 20, 2011

Chidem Kurdas

It shows how bad the past three months have been that Blackstone and Goldman Sachs, two comparatively strong performers in the 2008-2009 crisis, lost money in third quarter 2011. By contrast BlackRock, another winner in the past crisis, reported positive net income, though down from the second quarter. But the comparison is less clear when you consider other information. (more…)

Search for Sticky Money

October 19, 2011

Chidem Kurdas

Are some investors better than others for a hedge fund? Managers  have long considered who they want as their client – and who they don’t want – but (more…)

Mass Market Alternatives Keep Coming

October 17, 2011

The fund management arm of Hartford Financial, the insurance company, is preparing an alternative investment trust. This month BlackRock (more…)

Investors’ Cycle Trial for Managers

October 13, 2011

Chidem Kurdas

The manager sounded frustrated. (more…)

Can Political Risk Be Hedged?

October 11, 2011

Chidem Kurdas

Financial fears dominate the stock market but another kind of danger lurks in news headlines—-like today’s story about an alleged Iranian-directed scheme to assassinate  Saudi Arabia’s ambassador to the US.  As George Tzanetatos sees it, political threats are too important to ignore. (more…)

Short Sellers Win

October 5, 2011

Chidem Kurdas

September was bad for most strategies but short-biased equity managers thrived. They’re by far the top performers year to date. (more…)

Why Hatteras Added Managed Futures

October 4, 2011

Chidem Kurdas

Fund of funds firm Hatteras added managed futures to its Alpha Hedged Strategies mutual fund. Until this change, the fund had a 34% allocation (more…)

BlackRock Fund, Biomedical Expertise Popular

October 3, 2011

Chidem Kurdas

Healthcare hedge funds have outperformed long/short equity so far this year. The sector remains popular with investors, in particular funds of funds, despite uncertainty created by the new healthcare law.  BlackRock (more…)