Let’s be candid. The hedge fund landscape is a wreck. Mediocre performance for years. Heavy fee burdens. Limited disclosure. No real asset flows in years (except for performance increases). Finally, uncorrelated alpha seems to be a thing of the past. However, in the past few years, there is a new industry emerging offering the promise of uncorrelated alpha, and, the holy grail: current income. It’s not exactly a hedge fund, but it falls under the alternative investment banner that families and institutions rely on to enhance performance and meet funding goals. Peer-to-peer or marketplace lending is a relatively new segment of the alternative investment landscape, one grown out of the…
The night I flew into West Palm Beach, a string of deadly tornadoes ripped across Florida. High winds pounded surf against jagged coastline and whipsawed the 100-foot-tall trees along Royal Palm Way—what locals call Bankers’ Row.
The Dow Jones Industrial Average on Wednesday finally crossed 20,000 for the first time.
For Michael Preiss, whose firm oversees $1.9 billion mainly for wealthy Asian families, adding hedge funds to his clients’ portfolios was an easy sell some years ago. Not anymore. The executive director at the Singapore-based Taurus Wealth Advisors Pte multi-family office said his clients are disappointed with mediocre hedge fund returns and are balking at high fees, prompting them to shift to private equity.
At an investor conference in December, Cliffwater managing director Chris Solarz bluntly declared that “90 percent of hedge funds are not worth their fees.” The data supports Solarz. According to Hedge Fund Research, with the S&P 500 up almost 8 percent through Nov. 30th hedge funds were up just 4.6 percent after fees.
Gains in energy and bank stocks lifted the Dow and the S&P 500 to record intraday highs on Wednesday, but losses in technology stocks dragged down the Nasdaq. Oil prices surged 8 percent after Kuwait’s oil minister said the OPEC had agreed to cut production to 32.5 million barrels per day. [O/R]
An early party mood quickly soured as donors and supporters of Hillary Clinton realized that the Democratic candidate, Wall Street’s preferred choice because she represented the status quo, had lost. Many were stuck for words.
Industry experts join forces to help emerging managers launch FAIRFIELD COUNTY, CT – (October 19, 2016) – Industry leading financial marketing firms LJH Financial Marketing Strategies and Emerson Ward Creative announced today the launch of FundForward, a comprehensive suite of professional marketing and branding services for new investment managers seeking to launch their funds and introduce them to elite high net worth and institutional investors. Emerson Ward, which specializes in digital and creative services, has partnered with LJH FMS, an experienced financial marketing strategy and communications firm to spearhead the new initiative. FundForward provides Hedge Funds, Private Equity Firms, and other investment managers with the essential marketing, communications, and design…
Naples Family Office Association Launches as Networking Resource for Wealthy Families and their Advisors
Family Office Networks announced today the launch of a new division in Naples, Florida led by Naples residents Tyler Wood and Charlotte Luer. Family offices, high net worth individuals and the top advisors who serve them are invited to join the Naples Family Office Association, which will celebrate its local kick off with an exclusive, invitation-only event this fall.