Harvard Business Review

JULY 26, 2013

Five years after a financial crisis that, as best anybody can tell, had almost nothing to do with insider trading by hedge funds, the two biggest post-crisis criminal crackdowns on the financial sector in the U.S. insider trading by hedge funds. Manne in his 1966 book, Insider Trading and the Stock Market.

Hedge 8

Hedge Handbook Crisis Price 8

Harvard Business Review

JUNE 3, 2011

There's a beguiling little moment in the financial-crisis documentary Inside Job where hedge fund billionaire George Soros describes the principles of oil tanker design. Financial markets are like that, Soros goes on. It is good, and it piqued my interest in what Wilmers had been writing over the course of the financial crisis.

Banking 14

Banking Crisis Letter Hedge 14

Harvard Business Review

JULY 14, 2017

It piled up on streets and in vacant lots, and in 1898 urban planners convened from around the world to brainstorm solutions to the impending crisis. Rising sea levels flood Manhattan in Kim Stanley Robinson’s New York 2140 , prompting hedge fund managers and real estate investors to create a new intertidal market index.

Stephenson 15

Stephenson White Paper Real Estate Hedge 15

Harvard Business Review

MARCH 15, 2012

Update: Politico's Ben White did have a brief testimonial from hedge fund manager and Goldman client Whitney Tilson this morning.) And Goldman's behavior before and during the financial crisis just wasn't what any neutral observer could call client-centric.

Hedge 12

Hedge Long-term Banking Short-term 12

Harvard Business Review

JUNE 25, 2012

Contrarian Number 1 is George Elliott, founder of a hedge fund (Naftilia Asset Management) that plans to buy nothing but stocks from – wait for it – Greece. Facebookers are thus uninterested in ads and oblivious to marketers’ brand-building efforts. Bloomberg reports that he’s already raised 50 million euros.

Hedge 11

Hedge Advertising Asset Management Download 11

N2Growth Blog

AUGUST 12, 2010

Decisioning by consensus usually results in no decision being made, or an intellectually dishonest, watered-down decision that is so full of compromises, hedges and caveats that a non-decision might have been preferable.

Consensus 333

Consensus Team Building Blog Team 333

Harvard Business Review

DECEMBER 21, 2015

Now, in a New York Times op-ed , Carl Icahn, the billionaire corporate raider turned hedge fund activist, has joined the chorus. of net income on buybacks, with 130 companies spending more than 100% — both record numbers since the 2008–2009 financial crisis. ’s “uncompetitive international tax system.”

Hedge 8

Hedge Proposal Pharmaceuticals Price 8

Harvard Business Review

AUGUST 4, 2014

But they also know that reputations can damaged by more than the operational risks that can be managed with functional redundancies, or the financial risks that can be countered by hedging, investing in futures markets, and global currency diversification. But a crisis is a tough time to start managing in an unaccustomed way.

Reputation 9

Reputation Risk Management Supply Chain Crisis 9

Harvard Business Review

MAY 30, 2013

One key reason for shareholders'' positive tone is that the stock market has been doing well. What''s more, the asset management industry — in particular the alternative-asset subset of hedge funds and private equity — has exported many of its pay practices into the corporate sector. That''s up from 69% in 2012 and 2011.

Hedge 8

Hedge Asset Management Incentives Outsourcing 8

Harvard Business Review

AUGUST 26, 2015

I know firsthand how challenging it can be to take a holistic approach, especially when your organization is in crisis. When Paul Polman became the CEO of Unilever, for example, he stopped giving analysts earnings guidance, dispensed with quarterly profit reports, and said there’d be no special treatment for hedge funds.

Metrics 8

Metrics Long-term Short-term Hedge 8

Harvard Business Review

JULY 19, 2016

Due in part to the stature of its board, a North American pension fund was able to retain a market-competitive pay structure despite the clamor that erupted following its announcement that it had suffered substantial investment losses during the global financial crisis. We pay competitively but no hedge fund-size packages.”

Politics 8

Politics Hedge Constraint Committee 8

Harvard Business Review

SEPTEMBER 20, 2017

CEOs live in fear of activist hedge funds, and politicians worry about their effects on workers. Abe has even met with one of the most prominent American activists, Dan Loeb , in a private albeit well-publicized encounter, suggesting he sees value in foreign involvement in Japanese markets. In the U.S.,

ROE 8

ROE Construction Hedge Policies 8

Harvard Business Review

AUGUST 15, 2011

The "Asian Contagion" currency crisis that depressed Thailand, Indonesian, South Korean and other currencies by as much as 70% was not yet over. vision of financial world order; as Time magazine reported, he was "bursting with hubris over its booming equity markets and its just-announced 5.6% Treasury, was describing the U.S.

Banking 11

Banking ROE Proposal Self-aware 11

Harvard Business Review

MAY 15, 2012

financial institution has pulled back or failed, there has almost always been a European bank or a Japanese bank or some other player willing to take over its trading operations or enter the market in its place. It performed well during the financial crisis, and continued to deliver big returns in subsequent years. When a U.S.

Banking 9

Banking Hedge Constraint Operations 9

Harvard Business Review

DECEMBER 20, 2011

Currencies imploding, markets fluctuating, politicians dithering, economies stagnating, societies fracturing, unrest spreading. Yep — for just one example, see then-Secretary of the Treasury Hank Paulson tipping off his hedge fund buddies about Fannie and Freddie. Welcome to the winter of our discontent — again.

Politics 16

Politics Hedge GDP Banking 16

Harvard Business Review

OCTOBER 4, 2012

At Techonomy, Ranadivé made his math-is-trumping-science comments after recommending that the Federal Open Market Committee, which sets monetary policy in the U.S., What If Google Had a Hedge Fund? But that does that really mean there are no hypotheses involved? be replaced with a computer program. BIG DATA INSIGHT CENTER. More >>.

Hedge 16

Hedge Committee Open-book Policies 16

Harvard Business Review

JULY 12, 2013

Sheelah Kolhatkar, in a cover story (and what a classy cover it is) in the new Bloomberg Businessweek , argues that the great alternative to plain-vanilla equity and debt investing — the hedge fund — is more or less over, too. stock market returns outpace economic growth, that money has to come from somewhere. So when U.S.

Bond 8

Bond Finance Hedge Globalization 8

Harvard Business Review

SEPTEMBER 11, 2013

Stuart Roden, Co Fund Manager of Lansdowne Partners'' flagship fund, one of the world''s largest hedge funds, tells me he sees one of his primary roles as being the person who challenges his staff to consider how they could be wrong, and then assess how this might impact on their decision-making. You remember how huge Nokia was.

Consensus 9

Consensus Hedge Diversity Stress 9

Harvard Business Review

SEPTEMBER 11, 2013

Stuart Roden, Co Fund Manager of Lansdowne Partners’ flagship fund, one of the world’s largest hedge funds, tells me he sees one of his primary roles as being the person who challenges his staff to consider how they could be wrong, and then assess how this might impact on their decision-making. You remember how huge Nokia was.

Consensus 9

Consensus Hedge Diversity Stress 9

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. After the Russian financial crisis in 1998, LTCM imploded and lost $4.6

Strategy 8

Strategy Supply Chain Technology Engineering 8

Harvard Business Review

JANUARY 17, 2012

In the meantime, Mitt Romney's Republican opponents seem to be backpedaling on their criticism of his Bain Capital career, in service to the principle that free-market capitalism trumps any petty intramural disputes. PE people certainly pay themselves well. They don't appear to be in it for the long haul.

Due Diligence 12

Due Diligence Incentives Hedge Collins 12

Harvard Business Review

JUNE 26, 2014

Argentina lost big to a group of American “vulture” hedge funds in court last week, when the Supreme Court declined to reconsider an appeals court decision that the funds had the right to demand that the country make good on a bunch of old bonds they owned even though it long ago renegotiated the terms of that debt with most creditors.

Bond 8

Bond Long-term Short-term Finance 8

Harvard Business Review

MAY 12, 2011

I see, instead of food and education "industries," an obesity epidemic and a debt-driven education crisis. Yesterday, pundits and talking heads believed this crisis was just a garden-variety, workaday crash. See the difference? Opulence is Donald Trump. Eudaimonia is the Declaration of Independence. Becoming, not just being.

GDP 21

GDP Hamel Industry Construction 21

Harvard Business Review

OCTOBER 4, 2012

At Techonomy, Ranadivé made his math-is-trumping-science comments after recommending that the Federal Open Market Committee, which sets monetary policy in the U.S., What If Google Had a Hedge Fund? But that does that really mean there are no hypotheses involved? be replaced with a computer program. BIG DATA INSIGHT CENTER. More >>.

Hedge 9

Hedge Committee Open-book Policies 9

Harvard Business Review

OCTOBER 30, 2017

During Immelt’s tenure, GE’s stock market value fell by about half. And in the 21st century, the majority of public company shareholders are institutional investors (banks, insurance companies, pensions, hedge funds, REITs, investment advisers, endowments, and mutual funds), not individuals. (In So what happened?

Ries 8

Ries Long-term Short-term Price 8

Harvard Business Review

SEPTEMBER 26, 2011

Volatility has returned to global markets, and consumer and business confidence is once again slipping. Countries, too, but that's a topic for another day.) Acting and communicating in this fashion will also start to attract long-term investors. Here again, CEOs can and should manage that process actively.

Long-term 8

Long-term CEO Short-term McKinsey 8

Harvard Business Review

MAY 14, 2015

As you can see, the company ramped up its buyback activity during the internet boom of the late 1990s and then again in the years preceding the financial crisis of late 2008 and 2009. The chart below tracks McDonald’s distributions to shareholders from 1979. million in 2014 to a high of $12.6

Price 8

Price Franchising Short-term CFO 8

Harvard Business Review

APRIL 11, 2013

And Southeast Asia''s financial crisis was crippling Indonesia''s growth; perhaps my uncles sensed vulnerability. He liked hearing that and became excited thinking about how to take advantage of the crisis. He makes his own decisions," I hedged. Our markets have taken a beating. Mr. Tueni spoke.

Case Study 8

Case Study CEO Chief Operating Officer Real Estate 8

Harvard Business Review

MARCH 7, 2017

But must employees, investors, and other constituents accept harmful employment cultures in fast-growth organizations until a crisis occurs? But this focus on a single element of the HR value proposition can perpetuate a crisis. This is a laudable response. Are these acceptable growing pains? In one word: No.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

NOVEMBER 30, 2016

A year before Bear Stearns failed during the financial crisis, there were signs that the Wall Street firm was in trouble. During July 2007, two of Bear Stearns’ large hedge funds were failing. What was CEO James Cayne doing at the time?

CEO 8

CEO Incentives Sports Hedge 8

Harvard Business Review

FEBRUARY 8, 2018

This means that many emerging market risks get cut from the senior leadership agenda. They did not spend as much time thinking about local events that have implications for their emerging market operations. conflict in the Middle East or Africa renewing the migrant crisis in Europe.

Market Risk 9

Market Risk Marketing Supply Chain Company 9