Harvard Business Review

SEPTEMBER 27, 2013

In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies. The idea was to transform his theory of disruptive innovation into an investment thesis. Disruptive innovation can take several forms, and the market understands some types better than others.

Innovation 8

Innovation Marketing Disruptive Innovation Discounted Cash Flow 8

Harvard Business Review

OCTOBER 24, 2016

Innovation has the potential to transform the investment industry. Yet the world’s largest funds are closed off from these innovations. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.

Operations 8

Operations Intangible Assets Venture Capitalist Hedge 8

Harvard Business Review

JANUARY 26, 2012

An organization's capabilities become its disabilities when disruption is afoot." – Clayton Christensen, The Innovator's Solution. Over the years, venture capitalists have been some of the most ardent students of disruptive innovation. Hedge fund investors who deploy capital in large and liquid markets can scale their time well.

Disruptive Innovation 14

Disruptive Innovation Hedge Venture Capitalist Venture Funding 14

Harvard Business Review

FEBRUARY 1, 2017

Fatigue may be setting in for some Western investors’ interest in African innovation, particularly those that have yet to reap rewards to brag about. A few of these companies manage to transcend national boundaries and scale to a larger size. It has managed to combine international standards with African tastes.

Microfinance 8

Microfinance Hotels Entrepreneur Incubator 8

Harvard Business Review

JANUARY 27, 2017

At some of the world’s most successful enterprises — Google, Netflix, Amazon, Alibaba, Facebook — autonomous algorithms, not talented managers, increasingly get the last word. Elite MBAs (Management by Algorithm) are the new normal. Top management would have to trust its computationally brilliant bidding software.

Outsourcing 8

Outsourcing Software CAPEX Competitive Advantage 8

Harvard Business Review

DECEMBER 17, 2013

Tech-world denizen Jesper Andersen tweeted a similar sentiment: “Change ‘startup’ to ‘hedge fund,’ ‘ecstasy’ to ‘cocaine’, and ‘douche-bag’ to ‘douche bag’ and you too can see SF is just another Wall St.” Tech startups play a critical role both in driving technological innovation forward and in bringing it to market.

Venture Funding 8

Venture Funding Entrepreneur CRM Hedge 8

Harvard Business Review

OCTOBER 18, 2016

The pay of top managers has risen faster than those of other star earners. Top management compensation packages guarantee a high level of pay, but are often only weakly linked to the performance of the firm relative to its industry competitors. In other words, these managers are rewarded less for outperforming their competitors.

CEO 8

CEO Asset Management Cooper Industry 8

Harvard Business Review

APRIL 3, 2015

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. To gain more insights into a specific firm, investors have shown more interest in intangibles like strategy, brand, innovation, systems integration, collaboration, and so on.

Marketing 8

Marketing Leadership Venture Capitalist GAAP 8

Harvard Business Review

JANUARY 30, 2014

.” In this case, it’s also the scene of a fierce and long-running battle between Apple loyalists and skeptics , joined over the past couple of years by a few activist hedge fund managers badgering the company to give them more money. Apple Disruptive innovation Finance'

Price 8

Price Disruptive Innovation Uncertainty Marketing 8

Harvard Business Review

DECEMBER 2, 2010

The conviction spread that, thanks in part to financial innovation, the world's developed economies had become more resilient even as financial markets became more volatile. None of them brought economic devastation in the U.S. and Europe, though (and Japan's long struggles were seen as the product of peculiarly Japanese economic traits).

Decisionmaking 15

Decisionmaking Chaos Theory Hedge Marketing 15

Harvard Business Review

JULY 27, 2015

Besides the short-term costs of such a move, history shows us that Greece has never managed to benefit from currency devaluations. Although former finance minister Yanis Varoufakis made eloquent appeals about the need to rethink macro, he said very little about changing how the economy is run. In a country slipping from 1.8%

Banking 8

Banking Crisis Tourism Policies 8

Harvard Business Review

SEPTEMBER 16, 2014

Or you could participate in projects financed in part by conventional investors and in part by non-profits. 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. So here’s the money management industry.

Insurance 9

Insurance Bond Hedge Bottom-up 9

Harvard Business Review

JANUARY 11, 2016

The world is not short on capital — a startling $43 trillion of assets is currently under management in the United States alone. Investors from hedge funds to insurance companies are operating in an environment of low yields, near-zero interest rates, and a glut of savings. Innovation in Cities. Insight Center.

Finance 8

Finance Innovation Bond Incentives 8

Harvard Business Review

MARCH 7, 2017

Just as striking is her description of Uber’s HR organization, which advised Fowler that because the manager in question was a high performer, HR did not feel comfortable punishing him. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

Compliance 12

Compliance Hedge Human Capital Finance 12

Harvard Business Review

APRIL 2, 2014

He got his PhD at Yale under Shiller’s supervision in 1984, but since then he has also done a lot of work expanding on Fama’s ideas about risk and return, some of it co-authored with Fama’s son-in-law and University of Chicago finance colleague, John Cochrane. And Lars has taken some of these ideas and applied them in finance.

CAPM 8

CAPM Discount Price Finance 8

Harvard Business Review

OCTOBER 9, 2015

There are two stories you can tell about finance in America. ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. .” ” Both stories contain some truth, as a forthcoming study of activist hedge funds demonstrates. eBay is a recent example.

Hedge 8

Hedge Finance Short-term Document 8

Harvard Business Review

DECEMBER 3, 2018

Council of Institutional Investors (CII), representing managers of $25 trillion assets, recently demanded limiting any company’s dual-class share structure to seven years. Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares.

Class 10

Class Maturity IPO Short-term 10

Harvard Business Review

MARCH 1, 2017

But the solution to this innovation logjam has emerged: blockchain. Menlo Park venture capital firm Andreessen Horowitz joined USV in investing in Polychain Capital , a hedge fund that only buys tokens. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Distributed Database.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

OCTOBER 20, 2011

DuPont sent Donaldson Brown, a promising engineer-turned-finance staffer, to Detroit to sort things out, and sort them out he did. Financial managers, supported by their bankers, increased their debt-to-equity ratios until capital requirements were imposed—oops, we mean until there was a catastrophic financial crash and a depression.

ROE 12

ROE Debt to Equity Ratio Innovation Incentives 12