Silver as an investment

Category Archives: Fund of Funds

Human Traders Are Trouncing The Machines

The contemporary low volatility trading environment has been kind to actively managed equity funds – particularly if they piled into large-cap momentum stocks like Facebook and Amazon, which have been responsible for the bulk of this year’s rally. But while active managers have enjoyed three quarters of strong returns, quant funds – purportedly the future […]

Berkshire Letter Highlights: Buffett Hates Hedge Funds, Likes Immigrants And The US Outlook

In its latest annual letter, released at 8am on Saturday, Warren Buffett’s Berkshire Hathaway said Q4 profit rose 15% as net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333 the previous year, while operating earnings, which exclude some investment results, were $2,665 a share, a slight miss to the […]

Largest US Pension Fund Suffers Worst Annual Return Since Financial Crisis Due To Heavy Stock Losses

While we have often documented the dramatic underperformance by the hedge fund industry over the past decade courtesy of a centrally-planned market in which it no longer pays to “hedge”, culminating with countless hedge fund closures and substantial redemptions (mostly by now redundant Fund of Funds managers), today we learn that “vanilla” asset managers were […]

ZeroHedge: “I Used To Be A Big Deal… And Then A Billion Dollars Walked Out The Door” – Hugh Hendry’s Sad Story

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In a somewhat more manic-than-usual introduction to his 2016 macro outlook, Eclectica’s Hugh Hendry – the first of the big bears to throw in the towel and kiss the ring of central planners – admits that things did not turn […]

Ron Insana: “I Only Manage A Virtual Portfolio Which I Took To Cash Last Thursday”

Once upon a time, Ron Insana tried running a fund of funds. He failed. Then he tried working at SAC. That didn’t work out either. Then, he decided to write scathing opeds in the Huffpo bashing “doomsayers.” Four years later, the Fed is terrified to hike rates by 25 bps from zero while in the […]

ZeroHedge: 90% Of Hedge Fund Managers Are Overpaid Relative To “True Talent”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With plunging dispersion (across stocks returns) and soaring beta to the market, it appears an increasing number of hedge fund investors believe the masters of the universe aren't worth the money. As Bloomberg reports, nine out of 10 hedge-fund managers […]

ZeroHedge: This is a Trader`s Market

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. By EconMatters     Market Themes   The one that has really characterized financial markets over the last couple of years, and by financial markets I mean everything from Forex and Natural Gas to Bonds and Equities, is that sure buy and […]

ZeroHedge: Leaked Documents Show How Blackstone Fleeces Taxpayers Via Public Pension Funds

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Mike Krieger of Liberty Blitzkrieg blog, The following story by David Sirota at PandoDaily is simply excellent. It zeros in on the secretive and rapidly expanding relationship between private equity firms and the public pensions that invest in […]

ZeroHedge: Forbes Reveals Its “Top 30 Under 30” In Finance

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Roughly around the time when the death knell for SAC Capital as a hedge fund (now since defunct, existing purely as a family office following the biggest insider trading crackdown against a US-based hedge fund in history) was beating loudest, […]

ZeroHedge: Fund Of Funds Implosion Forces Conversion Of Ever More Hedge Funds Into “Long-Onlies”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In a world in which the Chief Risk Officer of the formerly free capital markets, Ben Bernanke, has made any downside hedges obsolete (and as a result hedge funds have posted 5 years of returns without outperforming the S&P500), the […]