Executives at Chipotle are no doubt scratching their heads today, wondering what they did to cause $730 Million get sliced off of their market cap at 11:14 in Thursday morning trading. As the Wall Street Journal put it “You’ve been Einhorned.” Hedge Fund Manager, David Einhorn was speaking to Value Investing Congress, when he panned Chipotle stock suggesting that “Less […]
Earlier this month, Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, told StreetID that if hedge funds want to attract more capital, they need to tell a good story. “[Make] sure that they’re succinct in their message about what they’re doing with the capital they’re investing,” he said. Hedge […]
First and foremost: do not ever lie. “Then you don’t have anything to remember,” said Mitch Ackles, President of the Hedge Fund Association and CEO of Hedge Fund PR. “Make sure that everything is truthful and above board. Be completely clear if you’ve ever had any black marks on your record, if you’ve ever had any disciplinary actions from a […]
New York is number-one. Where are the rest? “If we’re talking U.S., the next one is Connecticut, either Greenwich or Stamford,” said Mitch Ackles, President of the Hedge Fund Association and CEO of Hedge Fund PR. “Then you probably go to San Francisco and Dallas.” From there, job seekers will find a number of hedge funds in Atlanta, Denver, Los […]
Hedge funds can do a lot of things to raise more capital, but the best strategy might have more to do with communication than anything else. “The way they can attract more capital is by telling a good story and making sure that they’re succinct in their message about what they’re doing with the capital they’re investing,” Daniel Strachman, a […]
This morning a paper from researchers Andrew J. Patton, Tarun Ramadorai, and Michael Streat eld found it’s way to my desk. The paper takes over 14,000 hedge funds and analyses their results over the years. Their findings are pretty interesting. Tracking changes to statements of historical performance recorded at different points in time between 2007 and 2011, we nd that historical […]
“I think the basic advice, even though most people ignore it — plan [for it] to take twice as long and cost twice as much,” Boris Schlossberg, Managing Director of FX Strategy at BK Asset Management, told StreetID. “I would even say three times as long and three times as much because everything in the financial industry right now is […]
Contrary to popular belief, you don’t need a billion dollars to get a hedge fund up and running. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, you can start with a relatively small amount of money. “It’s reasonable to think that a group of people could get […]
Hedge Fund capital raisers rejoice! The SEC has finally proposed rules to eliminate the prohibition against general solicitation and general advertising in certain securities offerings in accordance with the JOBS Act. The SEC release states “Under the proposed rules, which are mandated by the Jumpstart Our Business Startups Act, companies would be permitted to use general solicitation and general advertising […]
Many Wall Street experts think that the JOBS Act will change the hedge fund industry. According to Daniel Strachman, a financial expert who serves as the Director of Research and Strategy for the GAIM Conference Series, it could also lead to the consolidation of existing funds — and the creation of others. “It would not surprise me if you saw […]
There has been a lot of chatter surrounding the JOBS (Jumpstart Our Business Startups) Act and its inevitable impact on the job market. But what impact, if any, will it have on the hedge fund industry? “For more than 60 years, hedge funds have never been allowed to advertise,” said Mitch Ackles, President of the Hedge Fund Association and CEO […]
Starting a hedge fund is much different from launching other kinds of companies. Most significantly, there is almost no chance that you will be able to start this business out of a garage. No — to get a hedge fund up and running, you need buckets and buckets of cash. “If you really wanna succeed, and you wanna manage a […]
Fund of Funds are individual investment partnerships that are made up of investments into multiple different underlying hedge fund partnerships. A majority of the assets under management in the alternatives industry is under the management of fund of funds. Hedge Funds have traditionally been structured as private investment partnerships, where the underlying general partner or investment advisor implements a single […]
“Like anything else in life, when you are raising money for your fund, it’s very much about you as a person,” said Leigh Drogen, the co-founder and CEO of Estimize. “People give money to people they trust. They don’t give money to statistics or returns or strategies — they give money to people, so personal connections and trust are everything.” […]
What Will Happen to Wall Street if Romney Wins?
During the first presidential debate, a Yahoo Finance poll found that 80 percent of voters (33,782) believed Mitt Romney gave a stronger performance than President Obama. Among the praise and critiques of both candidates, one important question has emerged: what will happen to Wall Street if Romney wins in November? “I think they have pretty much more or less settled […]