about 11 months ago - 1 comment
Is there a difference between the two? In addition: http://www.bivio.com/index.html Is opening an account here the same as opening a hedge fund or an investment partnership? I know Warren Buffett began before Berkshire Hathaway the Buffett Partnership, is what is shown on this website similar?
about 11 months ago - 1 comment
about 11 months ago - 2 comments
or is it an unofficial, loosely defined term to describe entities with certain characteristics?
about 11 months ago - 3 comments
Every website about hedge funds seems to want to sell me a fund or tell me how great their company is. Is there a site that explains hedge funds without a sales pitch?
about 11 months ago - 6 comments
Here’s the list off the top of my head 1) Poutine 2) Alexander Keiths India Pale Ale 3) Spruce Beer 4) Some local cheeses 5) Canadian wines (i.e. Jackson-Triggs Niagara) 6) Native arts and crafts containing “antlers” 7) Caribou sausage Beluga whale 9) Seal fur coats The rest you can find on ebay.com, including movies More >
about 11 months ago - 1 comment
and who do I contact for information about the fund.
about 11 months ago - 2 comments
Is it a Finance major? Or an MBA with a focus on Finance? Or something else?
about 11 months ago - 1 comment
I read with all this bail-out stuff going on that hedge funds could responsible what is a hedge fund and how does it effect the economy?
about 1 year ago
The most important thing that you need to understand is the role of a Prime Broker and how transactions with executing brokers work. A prime broker is the clearing broker for most trades for hedge funds. They also provide leverage to hedge funds. You’ll be getting information directly from the Prime Broker. Big hedge funds will have more than one prime broker.
All executing brokers “give up” their trades to the prime broker. The prime broker is typically involved in resolving trade discrepancies, “don’t know” trades, and other problems. They also collect and distribute all dividends, coupons, and other cash flows. They also handle “re-org” events like mergers, spinoffs, and tender offers.
Cash reconciliation typically is straight forward, except when you have “problem” transactions. So, you can see that most of the “problem” transactions will require you to interface with the prime broker. Strachman’s book has a good section on prime brokers.