Ted Seides, CFA, is the Managing Partner of Hidden Brook Investments, LLC, an advisory and private investment firm. His first book, So You Want to Start a Hedge Fund: Lessons for Managers and Allocators, (Wiley) was published in February, 2016. Seides was a founder of Protégé Partners LLC, where he served as President and Co-Chief Investment Officer. He began his career in 1992 with the Yale University Investments Office. Seides sits on the Board of Trustees of the Greenwich Roundtable, and is a Trustee and member of the investment committee at the Wenner-Gren Foundation. He serves on the Board of Technoacademy, and previously was a Board member of Citizen Schools-New York. Seides holds a B.A. in economics and political science, Cum Laude, from Yale University, and an MBA with honors from Harvard Business School.
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.
“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. Despite this truth,… READ MORE ›
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.
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.
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The Securities and Exchange Commission has unanimously approved guidance that explains what publicly traded companies must disclose to investors regarding cybersecurity risks and incidents. Chairman Jay Clayton has called on public companies to examine cybersecurity procedures and controls. Pensions & Investments (free access for SmartBrief readers) (21 Feb.)
US bank regulators should keep the power to liquidate large, complex failed financial institutions in an orderly manner, the Treasury Department said in a report. However, this authority should be employed "as an emergency tool for use under only extraordinary circumstances," the report said. Bloomberg (free registration) (21 Feb.)
Sales of previously owned homes in the US declined 4.8% last month compared with January 2017, the sharpest year-over-year drop since 2014, according to the National Association of Realtors. Demand is strong, but prices are rising and supply is tightening, the trade group says. CBS News (21 Feb.)
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