Hajibaba…

Posted on Sep 19, 2014 by .

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Don’t be the greater fool.

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A compensation scheme disguised as an investment strategy: hedge fund

Posted on Sep 18, 2014 by .

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In the news, Calpers dumps its hedge fund investments.  Reason, expensive and underperforming.  A witty c0lleague of ours (lamentably we’ve buried his name –we always like to give credit) remarked that hedge funds were a compemsation scheme disguised as an investment strategy, and that appears to be true.  Take away the front running and the insider information and the HFT tricks and corporate extortion and what do they have? Performance trailing the market.  In sum they are just a bunch of guys who had a lucky hit once, got the reputation as geniuses and cashed in by forming a hedge fund.  There is even some question about their skills.  They underperform in one of the biggest bull markets in history?

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