Tag Archive for Hedge Fund

Macro hedge funds stink at market timing – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. In spite of improved hedge fund performance during Q3-2012, hedge funds with Macro strategy focus continued to struggle (as discussed earlier). HedgeWeek: – Macro hedge funds detracted from industry wide gains on weakness in trend following and commodity…

The Facebook IPO: Shareholders Weren’t Invited to the Real Party | Matt Taibbi | Rolling Stone

A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It’s based on a very simple concept: when internal analysts learned that Facebook’s numbers were going to be worse than expected, the company and its bankers didn’t tell everyone, but just “selectively disclosed” information to a small group of…

JPMorgan’s New CIO Tied to Madoff, U.S. Treasury, LTCM – TheStreet

Matt Zames, the executive tapped to take over management of JPMorgan Chase(JPM_)’s chief investment office (CIO), has a controversial resume… Zames allegedly told a colleague about suspicions regarding Bernie Madoff some 18 months before his Ponzi scheme was revealed to the public. He also worked at Long Term Capital Management, the now-infamous hedge fund comprised…

JPM Appoints Former LTCM Trader And Chairman Of TBAC As Replacement | ZeroHedge

Now… Matt Zames… Matt Zames… where have we heard that name before… OH YES: he just happens to be the Chairman of the Treasury Borrowing Advisory Committee, aka the TBAC, aka the Superommittee that Really Runs America. The Matt Zames who… “previously worked at hedge fund Long-Term Capital Management LP, may have benefited as the…

Treasury Market Panic Reversal Due To Little Known Forces Called Supply and Demand

The Treasury market panic saw a bit of a reversal this week, partly due to an unexpected, large increase in supply because of a sharp drop in Federal tax revenues over the past couple of weeks, and partly due to the market misunderstanding of Thursday morning’s news. The “better than expected” weekly unemployment claims data…