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One of the best parts of this job is the complimentary advice I’ve received from readers like you. I’d like to share some of the philosophies that have truly made a difference for me—especially given the current downturn. 1. You can’t have it all. Decide what is truly important to you. When my husband and […]
By Deanne Gage |October 1, 2009
2 min read
If you believe everything you read and heard in the media about the financial crisis, you would think hedge funds are responsible for the mess we currently find ourselves in. This is a myth that needs to be dispelled. When we examine what is occurring in the hedge fund industry, the truth is that we […]
By Tristram S. Lett |July 20, 2009
5 min read
If diversification is the only “free lunch” investors have, then what is over-diversifi cation? A sub-par meal at an expensive restaurant? Our industry has gone way too far with the diversifi cation mantra. We have run steadily and without constraint to a point where clients today own hundreds, and in many cases thousands, of stocks […]
By Tom Bradley |June 1, 2009
3 min read
Canadian equities have proven no place to hide during the financial storm, and that applies to firms operating in private markets too: venture capital, mezzanine financing and leveraged buyouts. And that storm whips up winds in all directions. Fundraising has dwindled as traditional private equity investors find themselves overextended. The general partnerships that invest the […]
By Scot Blythe |March 23, 2009
4 min read
This year is not going to be easy for hedge fund managers, according to a survey of the managers themselves. While almost all want to raise new investment capital, nearly 84% expect competition for qualified investors to be fierce, according to a survey by New York–based CPA firm Rothstein Kass. “Though hedge funds outperformed in […]
By Steven Lamb |March 9, 2009
There seem to be cycles in private company investing. Those with long memories will remember Michael Milken and junk bonds. In recent memory, there were the venture firms of the Silicon Valley that went bust at the beginning of the decade, or more recently still, buyouts whose coda was supplied by the failure of the […]
By Scot Blythe |March 6, 2009
6 min read
While guaranteed minimum withdrawal benefit funds have been a huge hit in the Canadian marketplace, at least one company isn’t looking to gain shelf space anytime soon. “We’re not excited about gaining market share until the product is more compatible with where we’re headed,” Manulife senior executive vice-present and chief financial officer Peter Rubenovitch told […]
By Scot Blythe |March 5, 2009
Despite headline blowups and depressed returns, not all is bad in the hedge fund world. There’s still growth to be found in the future — by planting a seed. Now is an opportune time to snag prospective managers at preferred fees, thanks to the shakeout in the industry, suggest panellists at a Toronto discussion on […]
By Scot Blythe |January 30, 2009
The $50 billion fraud by Bernard Madoff probably spells the end of the fund-of-funds business. While Madoff wasn’t operating a hedge fund, he was using some techniques that hedge fund traders would apply — or at least he said he was. /images/other/h/hedgemaze08_feature.jpg Friends and acquaintances took him at his word. But so too did a […]
By Scot Blythe |January 23, 2009
Despite being caught with their hands in the beta cookie jar last quarter, hedge funds had one of the best relative performances ever in Q3 – beating equity indices by a country mile. Most industry participants acknowledge that various alternative beta and even, as we have recently seen, traditional betas have found their way into […]
By Chris Holt |December 22, 2008
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