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Hedge fund bosses make too much? Get used to it

Edit The Salt Lake Tribune 19 May 2016
Hedge funds are back in the headlines, thanks mainly to the release of Institutional Investor’s Alpha magazine annual report on the earnings of top hedge fund owners and managers. The Hedge Fund Rich List includes such well-known luminaries as Citadel’s Ken Griffin, Bridgewater’s Ray Dalio and Renaissance Technologies’ Jim Simons ... As AQR Capital Management chief Cliff Asness points out, this list isn’t a good guide... ....

The richest Wall Streeters in the world want you to give up your billionaire dreams

Edit Business Insider 17 May 2016
If you haven't watched this scene you absolutely should, it's painfully fun, just as schadenfreude should be. In the show, Axe made his money as a hedge fund manager ... Over the last two weeks the "Masters of the Universe," as writer Tom Wolfe dubbed them back in the 1980s, have met around the country to lament their inability to perform, and to tell those who pay them that they will be back....

The S&P; 500 Valuation Tool That Shows 2007 Peak a Long Way Away

Edit Bloomberg 15 May 2016
Critics such as ... To investors like Goodhaven Capital Management LLC’s Larry Pitkowsky, comparisons between earnings and Treasury yields don’t hold as much water as they once did ... The benchmark index has inched up 0.1 percent on the year amid falling earnings, bringing the price of the gauge to as much as 19.5 times earnings, the highest since 2010....

Chanos Says He Won With SunEdison Short After Reversing View

Edit Bloomberg 12 May 2016
Once considered a hot hedge fund stock, SunEdison’s fall and subsequent collapse into bankruptcy caught hedge funds including David Einhorn’s Greenlight Capital, Cliff Asness’s AQR Capital Management and Larry Robbins’s Glenview Capital Management wrong-footed ... He criticized the company’s leverage, saying the company’s valuation is too high given its hefty spending and what he sees as continuing low prices for liquid natural gas ... ....

Here's what the future of hedge funds looks like

Edit Business Insider 07 May 2016
As the more established players continue to grow, their performance will suffer in most cases and many will look to diversify their product lines or go public to keep growing ... Pensions will act as something of a last-in, first-out player in hedge fund land ... And hedge funds will continue to charge premium fees for as long as investors are willing to pay them....

Apollo's Black Sees the World at Milken as Dondero Dodges Trump

Edit Bloomberg 04 May 2016
“Got your jokes ready?” Leonard Green & Partners’ managing partner Jon Sokoloff asked Rubenstein, whose public appearances are now almost known as much for the 66-year-old’s quips as his market insights ... AQR Capital Management co-founder Cliff Asness, when asked which candidate he’s backing, responded, “never any of them.”....

Billionaire fund manager Steve Cohen: My 'worst fears were realized' in February

Edit Business Insider 03 May 2016
Cohen is the founder of Point 72, a family office formerly known as hedge fund SAC Capital. He was speaking at a panel with AQR Capital's Cliff Asness and Neil Chriss of Hutchin Hill Capital ... Everyone thought the end of days were near as China tailspinned, dragging the rest of global stock markets with it, and commodities prices were at historic lows ... To Cohen, Asness, and Chriss, it feels like a day of reckoning is coming....

This is how billionaire Steve Cohen got into trading stocks

Edit Business Insider 03 May 2016
The first person he mentioned was his grandmother ... Cliff Asness of AQR Capital had to be convinced by his father to ditch law school and take the GMAT instead. "I had an interest in candy [as a child]," he said. Us too, Cliff, us too ... ....

Hedge Funds Under Attack as Cohen Says Skilled People Are Scarce

Edit Bloomberg 03 May 2016
Cohen’s SAC Capital Advisors agreed to return outside money to clients as part of an agreement with U.S ... Cohen, who under a settlement with regulators could manage outside capital again as soon as 2018, said he didn’t see the industry’s crowding problem easing any time soon ... He made the comments in a panel discussion with money managers Cliff Asness and Neil Chriss....

Smart-Beta War Rages On as Cliff Asness Slams Pimco Star's Paper

Edit Topix 26 Apr 2016
That in a nutshell is Cliff Asness's opening salvo into an escalating war of words over smart-beta exchange-traded funds, triggered in February when one of the inventors of the approach said many had become too expensive. Asness, co-founder of AQR Capital Management, joins other theoreticians jumping in the fray, which goes to the heart of a strategy that bridges active and passive management ... ....

‘Stop Trump’ Movement’s New Reality: He Can’t Be Stopped Until July

Edit Yahoo Daily News 21 Apr 2016
As Donald Trump shows off his newfound campaign discipline and closes in on the Republican presidential nomination, the hastily put-together movement to stop him is confronting a hard truth ... The super-PACs advocating for Kasich had only abut $1.2 million on hand as of April 1, according to campaign finance reports filed on Wednesday ... He said the system was “dishonest” and promised to “straighten it out” as president....

Underdog presidential candidates spend heavily to catch up

Edit The Oklahoman 21 Apr 2016
Donors don't appear to see that as enough of a reason to give ... New Day had $1.2 million cash on hand as this month began, while Kasich's campaign had about $1 million ... Cruz's campaign spent almost as much as it brought in last month, largely on television advertisements and prospecting for new donors ... Other six- and seven-figure checks came from hedge fund investors Paul Singer and Cliff Asness, who had backed Marco Rubio's 2016 bid....

These hedge funders are dismayed at the presidential race

Edit Yahoo Daily News 14 Apr 2016
“I’m not sure what to do and as the campaign goes on, I’m hoping it maybe reveals itself in one direction or another.” ... Scott Walker, Chris Christie and Carly Fiorina all had a smattering of business support – and they’re all gone, as well ... As for Democrats, Hillary Clinton used to ... “At least they have a bipartisan hate of hedge funds,” said Asness....
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