With 47 years heading what’s now the biggest hedge fund firm, the 73-year-old investment guru hands over control to a younger generation.
Morgan Stanley takes over from longstanding CIO and his team.
While hedge operators were always stats-oriented, he took data gathering to a whole new level.
Some growth stocks are now in the bargain category. Hare, welcome to tortoise-hood.
Regulators cite rapid growth and the increased complexity of the private fund industry for need to amend confidential filing rules.
After lagging during the stock bull market, the asset class now scores decent returns, says Morningstar.
The philosophical hedge fund honcho scored big in the first half, betting against European companies.
They are now slightly profitable, while every other asset class is getting creamed.
Brad Lander wants the city’s pension funds to be able to invest more in alternative assets. Last year he called some of them ‘risky and speculative.’
Retail investors are still buying the dips, and that has been a winning strategy, the firm finds.
