Does the Rally Have Stamina?

A Bloomberg article published on March 26th describes that the S&P 500’s sudden uptick as the “quickest three-day advance in nine decades. As absurd as it may seem, the Dow’s…

Hindsight Capital’s Decade of Wins

A recent article in Bloomberg chronicles the past decade’s track record of a “mythical” hedge fund called Hindsight Capital LLC with a tongue-in-cheek account of its wildly successful trades. The…

CalPERS Fires Bulk of Equity Managers

The $380 billion California Public Employees’ Retirement System (CalPERS), the largest in the U.S., has fired most of its external equity managers, cutting their allocation from $33.6 billion to $5.5…