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How To Disrupt The Investing Business, With Katina Stefanova (Ex-Bridgewater Management Committee)

I had a conversation recently about the investing business with Katina Stefanova, who recently left Bridgewater, the largest hedge fund in the world. I’ve always had great respect for Bridgewater, which unlike most investing organizations realizes just how critical processes and culture are to [...continue reading]

Asset Management Is A Bizarre Industry Ripe For Disruption

Since I became an institutional investor, my #1 learning is: this is a highly unusual and somewhat baffling industry.  Asset management also shows the traditional earmarks of an industry ripe for disruption -- most obviously, unhappy customers and extremely profitable incumbents.  Despite this, [...continue reading]

Disruptive Companies in Asset Management

We recently hosted an idea dinner on "Disruptive Companies in the Asset Management Industry". The most attractive industries to disrupt are highly profitable ones, and asset management is traditionally a highly profitable industry. IMHO, the most successful disrupters in this area to date have [...continue reading]

On Expert Networks, Compliance, the Drunk and the Lamppost

Expert networks have been in the news a lot for the past few weeks, due to the SEC's attempt to look for insider trading amongst hedge funds, following on their Galleon investigation (Raj Rajaratnam of Galleon is in the photo shown). The best source of information on this topic is as usual the [...continue reading]

Launch of Track.com, a market for independent Wall Street research

Four days ago, a team of Wall Street veterans launched Track.com, a new marketplace for independent research providers. I met with the management team today. Track.com offers independent research providers a platform to distribute their intellectual property. Buyers pay subscriptions for [...continue reading]

Hedge fund investment patterns/quarterly reports/investment ideas/careers

Yaser Anwar, an unusually aggressive and career-savvy senior at York University, has a mailing list with interesting information about the current status of the markets, with a focus on hedge fund investing. He sends out content about twice a month. If you want to sign up for it, contact him at [...continue reading]

Deal Sourcing by Corporate Development Groups

At last week's ACG Intergrowth conference, I attended a roundtable discussion on Deal Sourcing as part of the Corporate Development track. My notes follow. To preserve confidentiality, I have labeled as "X:" the comments from all the participants. We had about 30 people in the group, almost all [...continue reading]

Hedge Funds Feel Tug of Internet Matchmaking

Institutional Investor reports on a range of startups trying to create platforms for investors to connect online with hedge fund managers. Members-only Web sites with names like CapIntro.com, HedgeACT.com and HedgeConnection.com promote their online offerings as an alternative to real-world [...continue reading]