Elsewhere on Friday:
What do you get when you cross good, thematic long-term investors and stock pickers with quarterly or annual redemptions? Perverse decision-making and style drift. Or a portfolio manager with an ulcer.
Inflation is like the boor who goes to the hottest restaurant in town without a reservation, barges past the maitre d’ and then grabs a seat, refusing to leave. The restaurant can accommodate the unwelcome customer, hope he’ll eventually depart of his own volition or try to throw him out.
It’s long. Interminable. Complicated. No, it’s not the race for the Democratic nomination. It’s the slog that is the Clear Channel litigation.
A classic example of what is wrong with hedge funds.
It is unlikely that any new banking standards for “best practice” will be sufficient to alter the underlying dynamic of the industry: that it is more financially rewarding to work for an investment bank than to invest in one.
“It’s either a really great time to buy a newspaper or a really bad time to buy a newspaper. Time will tell.”
“HgCapital has made a mistake in taking on the prosperous middle classes rather than the usual crofters and crusties.”
Yahoo Inc may not be celebrating the end of takeover talks with Microsoft Corp, but its mutual rival Google Inc should feel free to pop the champagne cork.
“A classic example of what is wrong with hedge funds.”
is this a bad link that should be pointing to a specific post or is the whole fintag blog an example of what’s wrong with hedge funds?