Blog

JUN 2

2015

CFAInstitute

Loyalty Rewards: A Better Fee Structure for All

by Ted Seides, CFA

A better fee structure for more hedge fund participants might be one that rewards investor loyalty with reduced management fees over time.


FEB 12

2015

CFAInstitute

Betting with Buffett: Seven Lean Years Later

by Ted Seides, CFA

Standing seven years into a 10-year wager with Warren Buffett that hedge funds would outperform the S&P 500, we sure look wrong, says Ted Seides, CFA. What follows is an assessment of why, and an outlook on where to go from here.


NOV 17

2014

CFAInstitute

Is CalPERS a Canary in the Coal Mine?

by Ted Seides, CFA

Will CalPERS’ recent announcement of its intention to exit its $4 billion hedge fund portfolio become a successful example of thought leadership or a sour route for the crowd to follow?


MAY 28

2014

CFAInstitute

The Sobering Reality of “Retirement Risk”

by Ted Seides, CFA

As the founders of the first generation of institutional hedge funds reach the twilight of their careers, allocators are beginning to think about “retirement risk” in their hedge fund portfolios.


DEC 12

2013

CFAInstitute

Lessons from Golf: Is it Time to Sell a Fund Manager?

by Ted Seides, CFA

The golf analogy, “What are the chances that someone posting a 50 on the front nine is actually a scratch golfer?” is used to describe emerging managers.


NOV 12

2013

CFAInstitute

In Praise of Risk Aversion

by Ted Seides, CFA

“And the seasons they go ’round and ’round And the painted ponies go up and down We’re captive on the carousel of time” — Joni Mitchell The Circle Game The hardest day to invest is always the current one.


APR 11

2013

CFAInstitute

The Future of Long-Short Equity

by Ted Seides, CFA

Although historically one of the leading strategies in the hedge fund world, long/short equity has recently underperformed other venues for hedge fund investment. What does the futture hold?


APR 12

2013

CFAInstitute

Investment Strategy: Rethinking Hedge Fund Indices

by Ted Seides, CFA

Creating a hedge fund index that reflects investor experience is certainly a challenge, but the assertions made in the academic research point fingers at the wrong issues. Ted Seides thinks it worthwhile to set the record straight.


JAN 14

2013

CFAInstitute

Hedge Funds: The Most Expensive Bargain In Town

by Ted Seides, CFA

The $2 trillion question is not whether hedge funds do something valuable in the markets; it’s whether hedge funds are worth the price. Ted Seides presents three different arguments in support of hedge funds.


DEC 5

2012

CFAInstitute

Alternative Investing: The Little Blog of Start-Up Hedge Funds

by Ted Seides, CFA

Ted Seides, CFA, shares 10 lessons he has learned from investing in small and start-up hedge funds.