Comments on: On Hedge Funds http://alephblog.com/2012/11/22/on-hedge-funds/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Sat, 25 May 2013 21:04:28 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: How to Self-Sabotage | BoundaryEdgehttp://alephblog.com/2012/11/22/on-hedge-funds/comment-page-1/#comment-30752 How to Self-Sabotage | BoundaryEdge Tue, 27 Nov 2012 10:37:38 +0000 http://alephblog.com/?p=5553#comment-30752 [...] On hedge funds (Aleph Blog) [...]

]]> By: 10 Monday PM Reads | The Big Picturehttp://alephblog.com/2012/11/22/on-hedge-funds/comment-page-1/#comment-30751 10 Monday PM Reads | The Big Picture Mon, 26 Nov 2012 21:31:01 +0000 http://alephblog.com/?p=5553#comment-30751 [...] Packard and Autonomy: notes from my Santangels presentation (Bronte Capital) • On Hedge Funds (The Aleph Blog) • 10 Things Facebook Has Taught Me (Thought Catalog) • Photos: Sandy’s Epic Devastation [...]

]]> By: effemhttp://alephblog.com/2012/11/22/on-hedge-funds/comment-page-1/#comment-30737 effem Thu, 22 Nov 2012 15:13:25 +0000 http://alephblog.com/?p=5553#comment-30737 I agree on hedge funds (in aggregate, but you have to admit some have put up extraordinary returns that statistically cannot be luck).

But isn’t private equity far, far worse?
-Extremely high correlation + leverage
-High fees + deal fees on top
-Long lock ups
-Returns that fall short of the market (when adjusted for the leverage they use)

It baffles me how that industry got so big. I honestly think the biggest driver has been returns that APPEAR uncorrelated b/c the assets are illiquid and marked infrequently. The people running the pensions/endowments of this country don’t seem to be able to see through that illusion.

]]> By: Quartz Daily Brief – Americas Edition – Sarkozy scandal, GM deal, Thanksgiving travel, “returnships” – Quartzhttp://alephblog.com/2012/11/22/on-hedge-funds/comment-page-1/#comment-30736 Quartz Daily Brief – Americas Edition – Sarkozy scandal, GM deal, Thanksgiving travel, “returnships” – Quartz Thu, 22 Nov 2012 11:49:18 +0000 http://alephblog.com/?p=5553#comment-30736 [...] funds are not very good. Their fees are too high, their returns are correlated, and their marketing statistics are suspect, [...]

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