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.
The Monetary Authority of Singapore and the European Commission are working to let trading venues on both sides support Group of 20 derivatives changes, even though Singapore is not a G-20 member. The move toward equivalence for EU firms to continue trading interest-rate derivatives and credit default swaps on Singapore platforms requires approval from EU states. The Business Times (Singapore) (free content) (20 Feb.)
EU states including France, Germany, Italy, the Netherlands and Sweden are preparing national legislation to let UK banks continue servicing derivatives contracts in the event of a no-deal Brexit. Bloomberg (tiered subscription model) (20 Feb.)
Democratic leaders in the House are preparing a resolution opposing President Donald Trump's declaration of a national emergency to fund a wall along the US-Mexican border. The measure is expected to be filed Friday. The Associated Press (21 Feb.)
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