Sony’s share price is up by double-digits as Third Point hedge fund manager and Sony investor Daniel Loeb pushes for dramatic changes, including a listing for the entertainment unit. But how would such a transformation actually work? Reuters’ Jon Gordon explains.
Archive for the ‘Video’ Category
Berkshire Hathaway bear Doug Kass of Seabreeze Partners Management, who questioned Warren Buffett at Berkshire’s annual meeting, says the company’s quarterly earnings are “of lower quality” if you look at them closely.
Sal Arnuk, partner and co-founder of Themis Trading LLC, discusses high-speed trading and its effect on the markets this afternoon on CNBC.
To fix the markets, Arnuk suggests eliminating payment for order flow, restricting some information from being disseminated in proprietary data feeds and overhaul order types.
Watch the video to see the whole segment, in particular the part around 1:50 where he notes the distinction between volume and liquidity.
Agecroft Partners’ Don Steinbrugge discusses hedge funds and his investment strategy with Deidre Bolton on Bloomberg TV’s “Money Moves.” The top performing strategy in the first quarter of 2013 was Asia-focused funds, Steinbrugge says, followed by long-biased strategies and long/short equity.
A recent HedgeWorld/Labaton Sucharow/Hedge Fund Association survey of hedge fund managers showed almost half thought their competitors did something illegal to generate returns and more than one-third had felt pressure within their own firms to break rules. Following up on that, a panel at the HedgeWorld East 2013 conference discussed the culture of compliance in hedge funds. Among the panelists was Jordan Thomas, a partner at the law firm Labaton Sucharow.
Carlyle Group CEO David Rubenstein tells Reuters Editor in Chief Stephen Adler that global wealth and growth will come from emerging markets with developed economies hobbled by debt. Adler interviewed Rubenstein at the HedgeWorld East/PartnerConnect East 2013 event in Boston.
Jane Mendillo, CEO of Harvard Management Co., tells Reuters Editor in Chief Stephen Adler that alternative investments in private equity, hedge funds and natural resources will drive returns for the $31 billion fund. Adler interviewed Mendillo at the HedgeWorld East/PartnerConnect East 2013 conference in Boston last week.
‘The Age of Financial Repression’ â€“ Morgan Creek Capital’s Mark Yusko says U.S. stocks are dead, invest in emerging AsiaWednesday, April 10th, 2013
Mark Yusko, CEO of Morgan Creek Capital Management told attendees at the HedgeWorld East/PartnerConnect East conference last week that investing in U.S. equities is a thing of the past. Future growth will come from emerging Asian economies like South Korea.
“The press says that hedge funds are dead, everybody should get out of hedge funds â€¦ long-only lives forever. Long-only is the best way to invest. Over 20 years, long-only took you from a dollar to four dollars. Long/shortâ€”and this is the average long/short, this isn’t the good guys ’cause the good guys don’t even report â€¦ you made 12 times your money, not four times your money. And how did you do it? You did it by paying attention to the three rules of managing money: One, don’t lose money. Two, don’t lose money. And three, don’t forget the first two rules.”
Activist investor William Ackman tells Impact Players host Robert Wolf that betting against a company is seen as bad, while going long is accepted behavior. Wolf interviewed Ackman on April 5 at the HedgeWorld East/PartnerConnect East event in Boston.
Mark Shore, Adjunct Professor of managed futures at DePaul Universityâ€™s Kellstadt Graduate School of Business in Chicago and 25 year veteran of the futures industry notes increased interest in managed futures for the last several years.
â€śAssets under management in managed futures have increased nearly 63% since 2008, and over 700% since 2000 according to BarclayHedge.â€ť To help explain the managed futures message, Shore announced DePaul University will once again offer a graduate level managed futures course in the spring.
As the demand for asset allocation education and alternative investment education increases, Shore notes, “individual & institutional investors and the graduate students are asking more questions about managed futures, a topic often found unfamiliar to many.â€ť
Does the recent market volatility increase the interest to understand managed futures?Â â€śThe abnormal market volatility in recent years has a number of investors increasingly questioning the core principles behind a diversified investment portfolio, he said. â€śWhatâ€™s needed is a greater understanding of dynamic correlation and tail risk.â€ť
Copyright Â©2013 Mark Shore. Contact the author for permission for republication at email@example.com Mark Shore has more than 25 years of experience in the futures markets and managed futures, publishes research, consults on alternative investments and conducts educational workshops.
Mark Shore is also an Adjunct Professor at DePaul University’s Kellstadt Graduate School of Business in Chicago where he teaches a managed futures / global macro Mark is a contributing writer to Reuters HedgeWorld, the CBOE Futures Exchange and Micro-Cap Review.
Past performance is not necessarily indicative of future results. Â There is risk of loss when investing in futures and options. Â Always review a complete CTA disclosure document before investing in any Managed Futures program. Â Managed futures can be a volatile and risky investment; only use appropriate risk capital; this investment is not for everyone. Â The opinions expressed are solely those of the author and are only for educational purposes. Please talk to your financial advisor before making any investment decisions.