When “I’m Sorry” Isn’t Good Enough – SEC / DOJ Investigates Hedge Fund Manager

Hear the one about 28-year old Owen Li, manager of hedge fund Canarsie Capital, sending an apology letter to investors disclosing that he had lost 99.7% of the funds under management? No, here is the New York Times article about it. Read more here.

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Venture Capital in 2015, From an Angel Investor’s Perspective

In a recent update at his blog Musings of an Entrepreneur, Fabian Grinda, argues that low interest rates, many dollars chasing relatively few deals, and resources available from incubators, are working in tandem to make companies stay private longer. Read more here.

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Free Stock Trading! What Could Possibly Go Wrong?

Bloomberg recently reported on Robinhood, a relatively new startup focused on no-fee online trading. As reported here, Robinhood is run by a couple of Stanford physics graduates and received $3 million in seed money in September 2013, following up with an additional $13 million in 2014. Read more here.

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Dot.com Crash 2.0?

According to the “MoneyTree Report,” internet-specific companies captured $11.9 billion in 2014, marking the highest level of internet-specific investments since 2000.  Also, multiples have skyrocketed from 10 – 12x of projected future profits to hedge funds paying 15 – 18x projected future sales in latest venture capital funding rounds. Yet, according to Pitchbook.com, only two of the 14 tech-based U.S. IPOs in the first quarter of 2015 were backed by venture capital. Is there a tension between the significant amount of venture capital dollars being invested and the decreased number of tech IPOs that are coming to market? Read more here.

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Contra Conventional Wisdom in Building Portfolios and Choosing Active Managers: Ted Neild

Accredited Investor Markets Radio recently sat down with Ted Neild, President and Chief Investment Officer of Gresham Partners, LLC, and that interview will be broadcast in the near future. In the meantime, we thought we would share some of what we learned from speaking with him. Read more here.

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Regulation A+ Creates “Mini-IPOs” for All Investors

There has been much confusion in the media about Reg A+ of the JOBS Act, as some reporters have referred to it as “an opportunity for non-accredited investors to buy equity in startups,” whereas Title IV was originally structured mainly for growth- and later-stage companies that are not quite ready to file IPOs. Read more here.

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Good Reading from Preqin about the Basics of Hedge Funds

Preqin describes itself as the “alternative assets industry’s leading source of data and intelligence” and we at AIMkts are voracious readers of its thought leadership. While most of its content is geared more for the advisor, Preqin occasionally publishes pieces we think worth sharing. Read more here.

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Money Manager M&A Transactions Skyrocket in 2014

Cambridge International Partners, Inc. recently released an interesting white paper which analyzed money manager M&A activity in 2014. While the dollar amount of transactions tripled due to two very large transactions, the number of transactions was relatively flat. Read more here.

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Investing in Comic Books – Or Not

A previous article in this newspaper exploring rare comic books as an investment vehicle, focused on just that- rare comic books. However, not every comic book is the equivalent of a Honus Wagner rookie baseball card, or a 1787 Chateau Lafite Bordeaux. This was the point of a recent Bloomberg piece. To wit, many basement-size comic book collections may, while of great sentimental value, be worth no more than $1,000. Read more here.

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Credit Suisse’s Annual Hedge Fund Investor Survey Reveals Top Strategy for 2015 to be Global Macro

Credit Suisse recently released “On the Path to Broader Horizons,” its seventh annual Hedge Fund Investor Survey. The study analyzed responses from 378 institutional investors — representing $1.13 trillion of hedge fund investments — on a number of topics, including: Key Industry Trends and Forecasts, Growth and return prospects for the industry, and Strategy preference and allocations plans. Global Macro was ranked the most in demand strategy for 2015, with 32% net demand. Read more here.

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