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.
Disney has submitted concessions to assuage antitrust concerns in the EU regarding a $71.3 billion offer for entertainment assets of 21st Century Fox, the European Commission said. The commission has delayed a deadline for completing a review of Disney's bid to Nov. 6. Reuters (15 Oct.)
The North American Securities Administrators Association warns investors to practice caution with marijuana-related crowdfunding ventures. "Scammers are using the media buzz to convince investors to hand over money for risky or outright fraudulent marijuana ventures that go up in smoke, along with investors' money," according to the organization. ThinkAdvisor (free registration) (15 Oct.)
European Council President Donald Tusk has told EU leaders in a letter that a no-deal Brexit is "more likely than ever before" and that they should prepare for the worst-case scenario. Reaching agreement on terms of the UK's departure from the EU "has proven to be more complicated than some may have expected," he wrote. Politico (16 Oct.)
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