The California Public Employees’ Retirement System is no longer a fan of hedge funds. I never was. But our reasons aren’t exactly the same. With $295 billion in assets, Calpers discovered the challenge of finding great hedge funds and not overwhelming them...
New York (HedgeCo.net) – Former stockbroker, Norb Vonnegut (a cousin of the late Kurt Vonnegut) follows up his debut novel, Top Producer (2009), with a new tale of frighteningly plausible-sounding hi-jinx in the world of high finance. He delivers a recession-era...
Remember the quote “time is money”? According to The New York Times, that game is over. Kaput. Now it’s “speed is money.” In an article entitled, The New Speed of Money, Reshaping Markets, Graham Bowley of NYT writes: In many of the...
Happy New Year, everyone. A few days ago I came across a terrific post by Terry Smith on his blog, Straight Talking. Using Warren Buffett's investment returns, he illustrates why the two-and-twenty standard is egregious. Hedge funds win disproportionately when...
Computers That Trade on the News Today, The New York Times described how some hedge funds analyze and trade on market sentiment. Their computers sift through masses of news articles and social media posts. Their robo-readers assess investor mood by counting key words...
The New York Times describes my novels as “money porn,” “a red-hot franchise,” and “glittery thrillers about fiscal malfeasance.” Through fiction I explore the dark side of money and the motivations of those who have it, want more, and will steamroll anybody who gets in their way.