The Big Picture

MAY 23, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, another extra special guest, Robin Grew, President of Man Group, $145 billion publicly traded hedge fund in the UK, and soon to be Man Group’s CEO. GREW: So, Man is a — as you said hundred million – 145-billion-dollar hedge fund. Is that right?

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The Big Picture

MARCH 5, 2024

For me, I sat mostly in their internal, really an internal hedge fund. So we’d have credit, we’d have equities, we’d have hedge fund strategies, but with no silos. I 00:13:02 [Speaker Changed] Have noticed that a lot of firms that describe themselves as hedge funds really aren’t very hedged.

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The Big Picture

FEBRUARY 13, 2023

And in fact, it wasn’t even luck because I left in ’08 and I started my hedge fund. And if somebody said what would be the worst month in history to start a credit hedge fund, May of ’08 may have been the one or certainly closer. It’s the collateral. RIEDER: Yeah. RIEDER: Yeah.

Hedge Funds 59

Hedge Funds Education Funds Banks 59

Pension Pulse

MARCH 13, 2024

Bonds provide government-guaranteed rates of return, serve as high-quality liquid collateral to support other investment activity, and are a diversifying asset for the Fund.” HOOPP is also working with external partners to fund opportunities in the space and they also find internal opportunities.

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The Big Picture

AUGUST 8, 2022

And so, the question is how much gets funded by making promises to investors by debt. Any kind, collateral, non-collateral. They don’t have collateral. Now does the FDIC even know how much risk they’re bearing 0 when all the assets are so encumbered that they’re all pledged as collateral? ADMATI: OK.

Banks 81

Banks Debt Financing Finance 81

The Motley Fool

OCTOBER 30, 2024

There's hedge funds, there's arbitrageurs, there's alternative investors. Then there's a third class of investors, the ones that buy preferred stock or high yield or private credit or real estate or hedge funds or alternatives, and it's not a market that we've served before. They buy QQ or SPY.

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Leveraging Shareholders Debt Capital 130

Pension Pulse

AUGUST 15, 2024

billion in liquid assets to pay pension benefits, fund investment opportunities, satisfy potential collateral demands related to our use of derivatives, and to fund expenses. Liquidity We continue to maintain ample liquidity, with $23.1 We also have the capacity to borrow an additional $1.9

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Pension Funds Assets Liabilities Portfolios 59

The Motley Fool

JULY 14, 2023

Mike -- Jamie Dimon -- Chairman and Chief Executive Officer Before -- wait, before Jeremy answer your question, I just want to say this is great news for hedge funds, private equity, private credit, Apollo, Blackstone, you know, and they're dancing in the streets. Jeremy Barnum -- Chief Financial Officer Yeah.

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Banks Liabilities Capital Assets 130

The Big Picture

SEPTEMBER 26, 2023

Had a group based in Los Angeles that had a long and, and, and experienced team that was investing in distressed debt and really kept separate and apart from what the rest of the hedge fund at PWA was doing. Panossian ] 00:08:19 The liabilities, obviously the hedge funds had redemptions. That had mismatched assets.

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The Big Picture

JANUARY 24, 2023

And if they don’t need a loan, we can lease them their own building back in a net lease, and have both the credit of the company and the real estate as collateral. And since we’ve been so safe at the equity level, we’ve been very, very safe at the debt level. And that’s like another high version of you know.

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Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Motley Fool

JULY 20, 2023

For example, we entered the hedge fund of funds business in 1990, real estate in 1991 when values had collapsed following the savings and loan crisis, and credit in 1998, which we expanded substantially in 2008 ahead of the generational investment opportunities that arose from the global financial crisis.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Big Picture

NOVEMBER 25, 2024

A lot of ’em went to buy side hedge funds. So you could say instead of buying a million dollars of the s and p 500, I’m gonna take $50,000, use it as cash collateral to buy s and p 500 futures, a million dollars of s and p 500 futures, which will give me the total return. You went into your own shop.

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The Big Picture

OCTOBER 10, 2023

It’s the sort of hedge fund trading operation that Sam Bankman freed is operating under. And if somebody has a big loss and it drops way below the, the collateral they put up, that loss gets spread out. If someone loses money, we liquidate the collateral, they’re done. And that’s curious.

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Legal Banks Assets Collateral 64

The Big Picture

JUNE 20, 2023

MORGENSON: It can be collateralized loan obligations, now it’s big private debt. How on earth is there still a carried interest tax loophole for private equity, hedge funds, and venture capital? But so you had these dividend recaps. RITHOLTZ: Really interesting. Let’s talk about tax loopholes.

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Private Equity Firms Private Equity Firms Financing Finance 59

The Big Picture

FEBRUARY 20, 2024

00:21:10 And so we started an advisory group of people, you know, hedge funds, pension funds, insurance companies, you know, buy side investors. You need to come up with more collateral. And at that point, the, the, the, the borrower might say, I don’t have the collateral, the building’s yours.

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The Big Picture

OCTOBER 3, 2023

If you wanted that exposure, you were giving your money to a professional, a commodity trading advisor, or some hedge fund. And, you know, there were a lot of hedge funds talking about how to, how they were making 20, 30, 40% returns in commodities. No, no individual was really trading commodity features.

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Taxes Banks Capital Debt 112

Pension Pulse

MARCH 12, 2025

Canadian bonds remain the backbone of the Funds investing strategy. As markets fluctuate, bonds serve as liquid collateral, which supports other investments. They add alpha on their beta exposure through external hedge funds and internal absolute return strategies. Our risk team is double the size since I came on as CEO.

Liabilities 59

Liabilities Pension Funds Assets Hedge Funds 59

The Big Picture

DECEMBER 24, 2024

Listen, if a few kids have to die in order for our profit margin to expand, that’s just a little collateral damage. Going back to its origin story, Bezos works at hedge fund Quant Shop de Haw. There are 00:16:46 [Speaker Changed] All these other products coming in. Who can complain as long as our profits are going up.

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Taxes Startups Companies Mergers and Acquisitions 52