Money and Finance
- Fund Focus: Fairholme Hedge Fund Builds On Berkowitz’ 25 Years Of Success
Link to article: Fund Focus: Fairholme Hedge Fund Builds On Berkowitz’ 25 Years Of SuccessBruce Berkowitz may have made his name with his $11 billion mutual fund, but it's his partnership that's making headlines these days. While the average...
- The 40 Highest-earning Hedge Fund Managers And Traders
In 2012, prominent hedge fund managers made headlines by successfully trading against JPMorgan Chase & Co., spending lots of money to influence the U.S. presidential election, and proclaiming that a nutritional supplements company was operating a...
- Are Retail Investors ‘fleeing’ Stocks? – By Jason Zweig
Make no mistake: Individual investors are selling more U.S. stocks than they are buying, as my colleague Jack Hough pointed out this weekend. But it’s wrong to rely on mutual funds as the sole or primary indicator of retail flows into or out of U.S....
- Pensions Find Riskier Funds Fail To Pay Off
Thanks to Phil for passing this along. Searching for higher returns to bridge looming shortfalls,public workers’ pension funds across the country are increasingly turning toriskier investments in private equity, real estate and hedge funds. But while...
- Dalio Takes Hedge Crown From Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year. The profits made by the Connecticut-based Pure Alpha – already the world’s biggest...
Money and Finance
Hedge Funds Cut Back on Fees
Pressure from disappointed investors is forcing hedge funds to roll back their fees, putting the standard charge of 2% of assets under management and 20% of investment profits on the endangered list.
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"Most hedge funds aren't worth 2/20, and the smart money has made inroads toward better terms," said Michael Smith, managing director at Global Endowment Management LP, which invests for clients.
When Merchants' Gate Capital LP started in 2007, the stock-focused firm charged management fees of 1.5% or 2%, depending on how long investors locked up their money. In July, it trimmed that to 1.25% and 1.75%. The firm, which manages $2 billion, sought to compete with firms lowering their fees, said a person close to the matter.
Others go further. David Iben, an investment veteran who this year started Kopernik Global Investors LLC in Tampa, Fla., is charging fees of just 0.25% plus 20% of profits for a new "long-short" hedge fund, or one that will both buy stocks and bet against them.
- Fund Focus: Fairholme Hedge Fund Builds On Berkowitz’ 25 Years Of Success
Link to article: Fund Focus: Fairholme Hedge Fund Builds On Berkowitz’ 25 Years Of SuccessBruce Berkowitz may have made his name with his $11 billion mutual fund, but it's his partnership that's making headlines these days. While the average...
- The 40 Highest-earning Hedge Fund Managers And Traders
In 2012, prominent hedge fund managers made headlines by successfully trading against JPMorgan Chase & Co., spending lots of money to influence the U.S. presidential election, and proclaiming that a nutritional supplements company was operating a...
- Are Retail Investors ‘fleeing’ Stocks? – By Jason Zweig
Make no mistake: Individual investors are selling more U.S. stocks than they are buying, as my colleague Jack Hough pointed out this weekend. But it’s wrong to rely on mutual funds as the sole or primary indicator of retail flows into or out of U.S....
- Pensions Find Riskier Funds Fail To Pay Off
Thanks to Phil for passing this along. Searching for higher returns to bridge looming shortfalls,public workers’ pension funds across the country are increasingly turning toriskier investments in private equity, real estate and hedge funds. But while...
- Dalio Takes Hedge Crown From Soros
Ray Dalio has overtaken George Soros as the world’s most successful hedge fund manager after his Bridgewater Pure Alpha fund made $13.8bn for investors last year. The profits made by the Connecticut-based Pure Alpha – already the world’s biggest...