Never let anyone know what you are thinking…
The recent arrests in the insider trading scandal have made me think of the mafia adage: Never speak when you can nod, never nod when you can wink. In 2011, the updated version is never email when you can text; never text when you can speak; never speak when you can nod…. These guys may […]
This just in: Hedge fund replication does not work…
That’s right, folks, the news is not good for purveyors of “hedge fund replication” vehicles. The data seem to indicate that these so-called alpha generators for the masses are really nothing more than, well, any other traditional long-only product. Read more here. Well, I hate to say it, but I told you so. For the […]