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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    More Hedge Funds Are Closing than Opening

    Lobo
    Lobo
    Moderator
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    Posts : 28411
    Join date : 2013-01-12

    More Hedge Funds Are Closing than Opening Empty More Hedge Funds Are Closing than Opening

    Post by Lobo Mon 20 Jun 2016, 4:38 pm

    More Hedge Funds Are Closing than Opening Hedge-Funds
     
    There is a crisis unfolding in hedge funds. Many are incapable of providing consistent performance, and they are really just following the talking heads if not adding to the nonsense.
    Now Jake Gottlieb, the founder of Visium, announced that they are shutting down their $8 billion hedge fund. Besides poor performance, they are under investigation in another insider trading scandal where they allegedly used insider information from a Food and Drug Administration (FDA) official to place trades on drug companies ahead of key FDA decisions from 2005 through 2011. Then two other former Visium portfolio managers, Christopher Plaford and Stefan Lumiere, stand accused of deliberately miscalculating the price of securities in order to charge investors inflated fees and mislead them about the fund’s liquidity.
    The fund peaked in 2013 with a return of about 18.5%, according to their balance sheet. Nonetheless, Visium’s flagship fund was down 9.3% this year through May, while its competitors were up 0.2%. Three years of declines suggest they were incapable of managing a fund of that size. One of the greatest problems in management is the larger the fund, the more difficult it becomes to perform. It is easy to make 20% on a small fund, but very difficult on a large fund.
    Most funds are clueless with respect to timing, no less price. They tend to trade fundamentally with some technology that is only a flat model, and they are incapable of actually seeing the global perspective. This is why there are more funds closing than opening these days.
    https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/more-hedge-funds-are-closing-than-opening/

      Current date/time is Sat 22 Jun 2024, 12:56 am