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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An industry committee that advises the Labor Department wants clearer guidance on how sponsors of retirement plans should fulfill their duty to monitor providers' compliance with the department's fiduciary rule. "[U]ncertainty as to plan fiduciaries' obligations to monitor service providers' adherence to the rule has caused some plan fiduciaries to consider directing substantial resources toward compliance costs rather than toward providing benefits," according to the Employee Retirement Income Security Act Industry Committee. ThinkAdvisor (free registration) (18 Aug.)
UK Prime Minister Theresa May's government plans to continue publishing papers this week explaining its negotiation positions on Brexit issues. The initiative comes as media reports indicate that Cabinet ministers are worried about the slow progress of Brexit talks with the EU. The Independent (London) (tiered subscription model) (20 Aug.)
The European Central Bank may have to taper its bond-buying efforts next year regardless of its inflation target as available bonds in the eurozone start to run low. Financial Times (tiered subscription model) (20 Aug.)
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