Archive for May, 2012

Och-Ziff Clients vs. Shareholders

May 30, 2012

Chidem Kurdas

The difference is dramatic. Investors in Och-Ziff funds (more…)

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Fighting the Grinch in Commodities Roll

May 24, 2012

Chidem Kurdas

Most of the money going into commodities goes to index investments. These suffer from a perennial problem regardless of what’s happening in markets for commodities, known as the negative roll yield. Investors can lose money even when the basket of commodities the index represents gain value. Commodity hedge fund people will tell you that to escape this horror you should give the money to them – for a higher fee, of course – instead of putting it on an index. (more…)

Angelo Gordon Wins on Troubled Mortgages

May 22, 2012

Robust returns on distressed mortgage-backed securities (more…)

European Crisis Stalls FoF Recovery

May 17, 2012

Funds of funds that started to recuperate (more…)

Paulson Gets Copper from Gold

May 15, 2012

Chidem Kurdas

John Paulson ended up with copper shares from his investment (more…)

Ponzi Scheme vs. Regulation Cost

May 10, 2012

Chidem Kurdas

Brokerages can play a key role in stopping fraud. Thus in 2008 Pershing stopped wiring money for its customer, Robert Allen Stanford’s Houston-based company. (more…)

Asian Fund’s Morgan Stanley Connection

May 8, 2012

Long-time hedge fund industry people will tell you that it is not enough for a new fund to make a high return—investors have to know and feel comfortable with the manager. One of the notable success stories of the past several years (more…)

Energy as Coupon

May 3, 2012

Chidem Kurdas

Despite controversies over new pipelines and fracking, energy infrastructure is (more…)

Legg Mason Seeks SEC OK for Hybrid

May 1, 2012

Mutual fund heavyweight Legg Mason has applied to the US Securities and Exchange Commission for (more…)