Harvard Business Review

OCTOBER 9, 2015

” On the other side, noted economist and hedge fund adviser Larry Summers cautions that reforming “quarterly capitalism” would risk driving us toward “Japan’s keiretsu system, which insulated corporate management from share price pressure by tying large companies together.” Either explanation is plausible.

Hedge 8

Hedge Short-term Long-term EPS 8

Harvard Business Review

APRIL 18, 2016

LTCM’s model continued to predict that it was properly hedged against a potential Russian default; the insight that it actually needed — that it was under-hedged and exposed to liquidity risk — could only have come from outside of the model. If all you have is a hammer, then everything will look like a nail.

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

SEPTEMBER 16, 2014

Even in the most hard-nosed of private equity firms or hedge funds you will find that people align with strategies that mean something to them, that they’re passionate about. Private equity or hedge funds through the ‘80s and the ‘90s, exactly the same story. Noble: With family offices, there is this intergenerational play.

Insurance 9

Insurance Bond Hedge Bottom-up 9

Harvard Business Review

APRIL 2, 2014

Shiller hammered away on this point in the ‘80s, and in fact Fama also published some of the same observations. You have to be a macro hedge fund, and not only do you the hedge fund manager have to have nerves of steel, your clients have to have nerves of steel. They tend to be followed by declining prices.

CAPM 8

CAPM Discount Price Finance 8