Despite a rising chorus of criticism about mediocre performance and high fees, the alternative investment industry in general, and hedge funds in particular, remain where Wall Street’s best and brightest money managers congregate.
Sen. Tammy Baldwin and Sen. Jeff Merkley have accused activist hedge fund Starboard Value of engaging in unrepentant “quarterly capitalism.” Now, they want to change the rules on 13d disclosures with a toothless new law called the Brokaw Act.
Successfully launching and running a hedge fund is daunting. It requires multidisciplinary skills such as developing and maintaining a positive track record that outperforms its competitors and benchmarks, hiring a talented supporting cast and attracting capital.
The highest number of new funds entering the hedge fund space occurred in 2012 when 1,364 new vehicles came into the market following the introduction of the Volcker Rule, which led to a number of proprietary trading desk spin-offs from investment banks.
Fed Chair Janet Yellen and the rest of the Federal Open Markets Committee (FOMC) are walking
a fine line right now between being overly accommodative and choking off the recovery, but even we were surprised at the ultra-dovish tone she adopted during a March 29 speech that helped to further weaken the dollar.
Alternative Trading System IEX burst on the scene after Michael Lewis’ 2013 bestselling book “Flash Boys: A Wall Street Revolt” turned its founder, Brad Katsuyama, into the fair-haired protagonist fighting the evils of Wall Street.
A fallout from the 2008-09 financial crisis has been central banks seeking negative interest rate policies. Opportunity is often found at turning points. How, and how soon, can we expect this bias to reverse?
David Hathaway is a systematic trader. Jon Farrin is a discretionary trader and expert in financial markets. The two have worked together for years and recently discovered that combining their styles creates a program much greater than the sum of its parts.