Archive for the ‘Mutual Funds’ Category

Industry Watches Arden Experiment

October 29, 2012

Chidem Kurdas

Fund of funds firm Arden, a well-established player in the institutional market, is (more…)

Are New KKR Funds Competitive?

October 24, 2012

Chidem Kurdas

Private equity manager KKR says it will use (more…)

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…)

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…)

DE Shaw Prevails in Fee Competition

April 18, 2012

Chidem Kurdas

For many years, hedge fund investors were willing to pay 2/20 or even higher fees to established managers with good track records. New or small funds could be less expensive, but typically not the known names. That appears to be changing. (more…)

Market Beats Hedge Fund; Now What?

April 3, 2012

Chidem Kurdas

Last year hedge funds on the whole did not perform well. Nevertheless, investors appear to (more…)

Quants Get Traction After Tough Year

February 7, 2012

Chidem Kurdas

Trend-following quantitative traders of futures contracts did better (more…)

Investing in Bernanke – Draghi Markets

January 31, 2012

Chidem Kurdas

Why did hedge funds as a whole disappoint in 2011? One obvious answer is (more…)

Will High-Frequency Trading Survive?

December 12, 2011

Chidem Kurdas

Computer-driven fast trading has become a piñata for governments everywhere. Proposed policies could make many algorithm-based strategies infeasible. This vilification does not make immediate sense. Is public interest better served by non-computer-driven slow trading? (more…)

New Legg Mason Fund

November 22, 2011

Chidem Kurdas

Baltimore-based asset management heavyweight Legg Mason, in the news a lot recently because of the retirement of its one-time star mutual fund manager Bill Miller, is quietly readying a new hedge fund product for the US market.  (more…)