Not exact matches
Five years ago, she was poached from Goldman Sachs — where she made her name convincing a number of large pension
funds to
hedge in the run up to the financial crisis —
by Bank of America to run a first of its
kind on Wall Street cross-asset, cross-industry structured - strategies group («It's about solutions, not products,» she says).
I was then thinking to myself, «What
kind of idiot starts selling after these
hedge fund giants sell after the stock has collapsed
by 40 %?
According to the Wall Street Journal, the Securities and Exchange Commission is investigating this new
kind of investment vehicle that mirrors strategies used
by hedge funds: investing in private debt or
by shorting stocks.
HEDGES: And then the classical economists like Adam Smith were quite clear that unless that rentier income, you know, the money made
by things like
hedge funds, was heavily taxed and put back into the economy, the economy would ultimately go into a
kind of tailspin.
Possibly because they earn much higher MERs on foreign
funds, maybe because they also don't always have to disclose what
kinds of currency
hedges and such are in place or maybe because they can pretty much invest in anything they want in between quarterly reports, or maybe so that they can travel to great places paid for
by the money they manage?
Interestingly, plaintiff - side speakers admitted that they demand disclosure of that
kind of information themselves when setting up their steering committees, because their membership must be able to «take the heat,» and lawyers controlled
by a «
hedge fund» can't be shaping their strategy.