EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..
Investing on the Edge of the Fiscal Cliff
For investors, 2012 has been a year so far of disasters that did not occur. The Euro did not implode; Greece was not unceremoniously dumped out; Israel has not attacked Iran; and other perhaps even less likely mishaps did not occur. Consequently, it’s been a good year for equity investors if you had the long […]
Are Hedge Funds Ever Expensive?
Yesterday I sat through presentations at a conference on alternatives sponsored by Investment News. The participants were largely financial advisers looking for alternative sources of investment income for their clients’ portfolios given the poor prospects in fixed income currently. This is everybody’s problem and I certainly can sympathize since we do the same thing ourselves every […]
Mingling with Financial Advisers at the Investment News Alternative Investments Conference
I spent the day in Chicago where I’d been invited to debate the merits of my book, The Hedge Fund Mirage, with a pleasant fellow named Ed Butowsky who runs a fund of hedge funds. I’ll leave it to the audience to decide who won – it is the season of debates after all. I’ll […]
Hedge Fund Mirage Featured at AR Symposium, New York Nov 1-2
I’ll be making an appearance with two other hedge fund authors Jack Schwager and Steve Drobny, discussing the state of the hedge fund industry next month. http://www.hedgefundintelligence.com/Article/3102473/Market-wizards-or-masters-of-mirage-Noted-authors-Schwager-Lack-and-Drobny-to-discuss-at-Symposium.html
Will Central Banks Cancel Government Debt?
The FT today has a dynamite article with the abovementioned title by Gavyn Davies, Chairman of Fulcrum Asset Management. As the title suggests, Mr. Davies speculates that the vast holdings of government debt create the possibility that central banks may forgive some of it so as to further stimulate growth. It’s a quite electrifying thought. In […]