Post Tagged with: "hedge funds"
Another conversation with Bridgewater Associates’ Ray Dalio
The last time Ray Dalio conducted a major interview, the global economy seemed to be headed toward a major depression. This was in February 2009 when Barron’s had a conversation with Bridgewater Associates’ Ray Dalio. For his part, Dalio saw the episode as part of a necessary restructuring process. He called it the D-Process. The
Hendry: May Be Making ‘Error of Judgement’ on China
by Edward Harrison Back this past September, Hugh Hendry spoke with Bloomberg’s Kevin Crowley about investment strategies, financial regulation and the role of hedge funds. Bloomberg has just released the video and I recommend watching. Hendry has made a name via his sometimes strident and bombastic appearances in the media. This particular conversation was a
Hugh Hendry interview on the BBC
BBC HARDtalk interviewed hedge fund manager Hugh Hendry, CIO & CEO of Eclectica Asset Management, this past Tuesday night. The videos are below
Michael Burry Discusses Investing in Farmland, Real Estate, Gold
Michael Burry, the former head of Scion Capital LLC, made a big name predicting the housing market’s decline by taking short positions against it as lionized in Michael Lewis’ book "The Big Short." Here he talks with Bloomberg’s Jon Erlichman about the blame game post-housing crash. No one is taking any blame; He calls it
The Shadow Knows
From Annaly Capital Management For those who missed it (and we had, until we were tipped by James Aitken, thank you very much), a vital paper was posted to the New York Fed’s website in the beginning of the month. “Shadow Banking,” a staff report authored by Zoltan Pozsar, Tobias Adrian, Adam Ashcraft and Hayley
McCulley – After the Crisis: Planning a New Financial Structure
This post by Paul McCulley,a Managing Director of PIMCO, is from a speech McCulley gave at Levy Institute and it comes via John Mauldin. Edward Harrison has inserted the images. They are not in the original. Enjoy. John Mauldin, Best-Selling author and recognized financial expert, is also editor of the free Thoughts From the Frontline
John Paulson’s letter to investors defending his firm’s actions in the Abacus deals
Paulson Letter on Abacus
Geithner accuses the EU of protectionism in financial services
The Financial Times has caught wind of a letter sent by U.S. Treasury Secretary Timothy Geithner to to the EU’s Michel Barnier. In only thinly-veiled language Mr. Geithner accused the EU of financial protectionism for the way Brussels is moving forward with rules to regulate hedge funds and other parts of the shadow banking system.
Reflation watch hedge fund edition
Here’s another bullet point in our ongoing tally of reflation indicators. It’s the return of risk in the form of start-up hedge funds (John Meriwether included). From the FT: Hedge fund launches are growing in size and number after months of subdued activity in the wake of the collapse of Lehman Brothers last year. The
John Meriwether is back, risk must be too
John Meriwether, the 62-year old former Salomon bond trader and LTCM wizard is back for, what is this, his fourth go round. For those of you who don’t remember the 1980s, John Meriwether was the biggest of the ‘big swinging dicks’ on Wall Street, leading Salomon Brothers to huge profits in its fixed income division.
What is going on with Ponta Negra?
A friend passed me a URL now which led me to a few posts over at Bronte Capital and at Felix Salmon’s blog at Reuters about a firm connected to the Biden family called Ponta Negra. T here may be a connection here to the alleged Stanford fraud. I have done and probably will not
TALF: ‘the great liquidation’ begins for hedge funds and shadow banks
An article in the FT caught our eye that makes plain that the TALF (Term Asset Security Program) is a bailout for the shadow banking system (HT Tom). The bailouts for the banking industry continue unabated despite a change in Administration on January 20th. The Obama Administration has topped up bailout money for Bank of America, AIG and Citigroup, three of the weakest ‘too big to fail’ institutions without putting them through a bankruptcy process. Now, the Federal Reserve and the Administration are set to move on the TALF program which we chronicled here in three earlier posts, “TALF: A bailout if one reads the fine print,” “TALF details suggest Obama doesn’t get it,” and “A few words from a reader on TALF mechanics.”