Dont believe what you read
Over the last few weeks there have been a number of articles and press reports on the poor performance of hedge funds and the massive withdrawals that have hit the industry. And while, yes, there seems to have been a number of funds that weren’t able to outperform the S&P last year and some investors seem to be redeeming, over all the industry is quite strong. New fund launches are up, according to many of the lawyers I’ve been talking to, investors are looking to put significant assets to work in multiple asset classes, and all seems to be right with the world of hedge funds. Reports of the industry’s […]
Welcome to the same
A new year begins and guess what? Everything basically stays the same. Sure, New York City got a new mayor and the Patriots are one weekend closer to a Super Bowl win, but besides that the markets and interest rates have stayed put, the economy continues to sputter along and we are all that much closer to spring. Sure, we did see a little pullback in equities over the last few days but nothing of substance. Rates in the new Yellin era are expected to go up but the market’s reaction to the news of her confirmation was muted, to say the least. I believe that we’re going to have […]