HEDGE FUND ANYLIST FALLACY HOW TO

And they’ve been a key financier of these massive private technology companies. Julian Klymochko: Softbank, who we have been speaking about a lot lately, as you know, they run the giant 100 billion dollar vision fund. Lastly, we wanted to chat about merger arbitrage as a great fixed income alternative and some research that we recently put out on that.In addition, we are going to chat about the investment merits of spin offs and carve outs.Why are pension funds owning infrastructure assets? Some pension funds acquired AltaGas Canada for almost two billion dollars. Is this enough for the shareholder activists against the initial proposed deal? Some M&A news with Hudson’s Bay striking a friendly go private deal as insiders bumped their bid by 9 percent.In addition to the sunk cost fallacy and the notion of investor cognitive biases and some mistakes not to make as an investor.So we’re going to chat about that financing package, and the interesting structuring behind that. One thing we are going to chat about, hopefully for the last time on the WeWork file is Softbank came with a big bailout package because WeWork was pretty much teetering on the brink of bankruptcy.Nonetheless, we wanted to chat about a few major market events over the past number of days.

A little bit late recording the podcast this week. Julian Klymochko: Today is Monday, October 28 2019. Michael Kesslering: And I am Michael Kesslering. This is The Absolute Return Podcast, episode 37 I am your host, Julian Klymochko. Find out more at Julian Klymochko: Welcome podcast listeners. This episode is brought to you by accelerate financial technologies. Your hosts Julian Klymochko and Michael Kesslering aim to bring you the knowledge and analysis you need to become a more intelligent and wealthier investor. Your source for stock market analysis, global macro musings and hedge fund investment strategies. Welcome investors to the Absolute Return Podcast. Subscribe: iTunes | Podbean | Spotify | Stitcher | Overcast | YouTube Why are Pension Funds Owning Infrastructure Assets?Ī Discussion on Why Merger Arbitrage is a Great Fixed Income Alternative with the Merger Yield at 5.7%. Pension Funds Acquire AltaGas Canada for $1.7 Billion. But will it be Enough for the Shareholder Activists? Hudson’s Bay Strikes a Friendly Go-Private Deal as Insiders Bump Their Bid by 9%.

Did Softbank Commit the Sunk Cost Fallacy? Probably the most unusual move I saw was a senior guy from NYC who moved his family to New Zealand to focus on managing forestry assets.October 29, 2019-Softbank Bails Out Near-Bankrupt WeWork as its Valuation Tumbles from $47 Billion to $8 Billion.

HEDGE FUND ANYLIST FALLACY HOW TO

I haven't seen any IR exits as they tend to hire former sell-side guys who covered the company and know how to talk the talk to other sell-side investors. He specialized in healthcare at our fund so had a background in the sector. In terms of interesting exits, I saw 1 guy leave to become head of finance & business development at a life science company. Most of these guys had a wife and kids and just wanted to escape the grind of NYC and were willing to take a pay cut to do so. I was based in our London office but the guys who left our NYC office ended up in university endowments(Pittsburgh)/family offices(1 in Florida and another in Phoenix)/long only shops (Janus Henderson and WAMCO). The most common exit was to a long-only seat in a lower cost of living city. I left a USD 4 bn event-driven fund (I focused on credit) back in 2016 so here is what I have seen.

Hedge fund anylist fallacy