Pension Funds More Than Happy To Spend A Few Basis Points To Know A Bit More About Their Hedge, Private Equity Funds
And for all of their much-vaunted power, it seems they’ll need the SEC’s help to do so.
Jay Clayton Not At All Happy With Asset Class He’s Eager To Open To More Marks, Er, Investors
Private equity guys, you’re on notice from a guy with one foot out the door. Or not.
Bill Ackman To Again Cut Pershing Square Management Fee, Performance Fees To Remain Functionally Nonexistent
By 2019, he might be paying you to manage your money.
It Now Costs Less To Let Bill Ackman Lose Your Money
Wait until Acks hears about Bess tho.
Europe’s Second Largest Hedge Fund Will Work For Free
Brevan Howard is gonna try something different.
Blackstone President Pretty Sure Hedge Fund Fees Are Total B.S.
Tony James thinks y'all are getting screwed.
Kyle Bass Puts 'Kyle Bass Investment Genius' Clause In Investor Agreement
The hedge fund manager has never been more certain of his sheer f*cking awesomeness.
Now That They Think About It, New York Pension Funds Are Sick Of Hedge Funds Too
If they look at "2 & 20" from this angle, it really does kind of suck.
UK Hedge Fund Manager's Chickens To Maintain The Lifestyle They've Grown Accustomed To In 2013
What motivates a hedge fund manager to continue busting his ass to churn out profits year after year, once he's already amassed a fortune most people can't even fathom, when he could easily pack it all in and live more than comfortably without ever working another day? For some, it's the thrill. For others, it's the trophy's wife's shoe habit. For Crispin Odey, it's the chickens. The Odey Asset Management founder (and sausage brand ambassador)'s got a mess of high-maintenance ones and earlier this year, had architects draft blueprints of a "Palladian-style" mansion he intended to build them (seen at left), replete with a grey zinc roof, "pediments, cornice, architrave, and frieze in English oak," and columns "hewn from the finest grey Forest of Dean standstone." After finishing 2011 down 20.3%, things were no doubt more than a little tense over in Herefordshire, where questions of whether or not construction would have to be halted, or if they'd have to make the switch to [whispers] generic-brand feed. Certainly a moment of panic swept over Odey each day when he returned home, wondering as he turned the knob if he'd be entering an empty house, the chickens gone and a note explaining they couldn't do this anymore on the fridge. Ran off with the general contractor because what was the point of shacking up with a money manger if the money wasn't there? Luckily for all parties involved, it won't have to come to that; according to Bloomberg Markets' annual ranking of the top performing hedge funds, performing under pressure is one of Odey's specialities.