Perhaps rumors of asset management’s demise have been premature. This week Goldman Sachs announced that it had raised $2.5 bn in “permanent capital” to make investments in private equity funds. The “permanent capital” here suggests that...
It is an intriguing love story filled with jealous suitors, a spot of harassment, and a final impulsive decision to wed – without a pre-nup or even a short term plan for the future. But it was “love at first sight” at least according to the Whole...
The “Battle of the Quants” investing conference had its 11th annual event in London in 2016. While I believe there was at one time an actual charity boxing match featuring a few bouts of light sparring between hedge fund managers, this event is conceived...
The New York Times and the Wall Street Journal published two interesting perspectives on pension fund fees recently. In the first article, entitled “Strapped Pension Funds, and the Hefty Investment Fees They Pay”, Gretchen Morgenson cites the severe...
