hedge funds love em or leave em march 17 2005 lori barker padon director of investor relations l.
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Hedge Funds: Love ‘Em or Leave ‘Em? March 17, 2005 Lori Barker Padon Director of Investor Relations. What is a Hedge Fund?. A fund betting against my company A fund that shorts stocks Funds for the Rich Funds that don’t have to disclose their holdings A pain in the a##. Multiple Choice

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hedge funds love em or leave em march 17 2005 lori barker padon director of investor relations

Hedge Funds: Love ‘Em or Leave ‘Em? March 17, 2005Lori Barker PadonDirector of Investor Relations

what is a hedge fund
What is a Hedge Fund?
  • A fund betting against my company
  • A fund that shorts stocks
  • Funds for the Rich
  • Funds that don’t have to disclose their holdings
  • A pain in the a##

Multiple Choice

  • A fund that shorts stocks
  • All of the above
  • None of the Above
name the hedge fund
Name the Hedge Fund?
  • Alliance
  • Andor
  • American Express
  • Citadel
  • BlackRock
  • Invesco
  • SAC
  • Wellington
  • Whitman Capital

Multiple Choice

  • Andor, Citadel, SAC, Whitman Cap
  • Alliance, Andor, Citadel, SAC, Whitman Cap
  • All of the Above
how big are they how fast are they growing
How Big are they?How Fast are they growing?

Multiple Choice

  • $600 billion/ ~2% of Capital Markets
  • $5 trillion/~15% Capital Markets
  • $1 trillion/~6% Capital Markets

Multiple Choice

  • ~ 20% in 5 Years
  • ~180% in 5 Years
  • ~260% in 5 Years
why excess returns are declining

NASDAQ Day-to-Day Change (1) VIX (2)

% of days in which the NASDAQ moved +/- 2% or more %

Why Excess Returns are Declining
  • Lower Volatility
  • Large Inflows of Capital
  • Difficult Capital Market Conditions
  • Increased Market efficiency
how do they make money
How do they make Money?

“The whole idea of running a hedge fund is like a lottery ticket,” said Andrew Kaplan former Fidelity mutual fund manager who shut down his $400 million hedge fund, Grange Park. “It’s a great paying job that could become a windfall.”

hedge funds why do i care
Hedge Funds-Why do I care?
  • $1 trillion sector and growing
  • Hedge Fund Profits have driven some of the best talent out of mutual funds-they may know your story well
  • Some of them are famous thought and trend setters
  • Incremental buyers will provide liquidity
  • Explain why they shouldn’t short……