What’s amazing isn’t that Gerson Lehrman is under scrutiny, but that it has taken so long to happen. From today’s Wall Street Journal: In recent weeks, the New York Attorney General’s office has begun examining whether employees of companies including Best Buy Co. may have inappropriately discussed material nonpublic information in consulting arrangements like these […]
Read more...The Financial Times has had three stories on loose credit conditions in three press days: one on Friday the 12th, two on Monday the 15th, all worried in tone. Apologies for getting this to you on a delayed basis, but the FT website was not cooperating from Friday evening through Monday (colleagues had the same […]
Read more...Based on a large scale survey of hedge fund investors, Deutsche Bank forecasts 8% redemptions in the US for the upcoming year, which would represent a substantial change from the large inflows of the recent past. Nevertheless, the bank claims it will not have much impact on domestic markets (but how could they say otherwise? […]
Read more...Hedge funds continue to attract boatloads of money, despite humdrum performance. And worse, people who should know better persist in investing in them for the wrong reasons. In the New York Times a sophisticated institutional investor explains the logic: This year ”is the third straight year that the global equity markets and long-only managers outperformed […]
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