Hard to believe, but true: Real estate wasn't always the hot dot. Just five years ago, the average real estate investment trust (REIT) traded at a big discount to the value of its assets by about 25 percent, on average, according to...
Barton Biggs made his name as the (as one journalist put it) lead investment strategist at Morgan Stanley over a period of 30 years. A value-oriented investor, Biggs was a killjoy during the Great Buying Panic of the 1990s, and the New Paradigm...
The trouble with hedge funds is not necessarily their expense. The real deal breakers for financial advisors with wealthy clients who have sophisticated needs are that hedge funds tend to be illiquid and lack transparency. There are registered...
Critics complain that hedge funds are too expensive for the returns they have lately been producing. Setting performance aside (which is as varied as the strategies pursued), on first blush, the ante does seem somewhat dear: Most hedge funds...