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2 + 20, and Other Hedge Fund Math

5,532
by Mark Hulbert
Sunday, March 4, 2007

2 + 20, and Other Hedge Fund ...Read More

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  • Amaranth's Losses Top $6 Billion

    7,755
    by Steven Mufson — Friday, September 22, 2006

    Amaranth Advisors LLC, the hedge fund firm that stumbled over massive wrong bets on natural gas futures, said late Wednesday that its losses had climbed to more than $6 billion, or 65 percent of the assets it claimed at the end of ...Read More

  • Rex Sinquefield

    Interview with Rex Sinquefield (transcript)

    7,291
    by Rex Sinquefield — Friday, December 2, 2005

    Rex Sinquefield is Chairman and Chief Investment Officer of Dimensional Fund Advisors. Rex received his B.S. from St. Louis University and his MBA from the University of Chicago. He has contributed numerous articles for books, academics and professional ...Read More

  • International Markets

    Stock Pickers in International Markets

    4,067
    by Mark Hebner — Sunday, January 23, 2005

    Many investors agree that the U.S. financial markets are highly efficient. But are other markets outside the United States efficient? Are there profitable investments that can be made that might outperform their respective ...Read More

  • DFA vs Vanguard (from 2004)

    16,053
    by Christian Chensvold — Thursday, January 1, 2004

    Research shows that for a long-term investment strategy, Dimensional Fund Advisors (DFA) consistently delivers superior results to Vanguard. In a survey of between 1,100 and 2,000 investment advisors held three times between 1997-2002, Dalbar Research ...Read More

  • Interview with Kenneth French

    5,975
    by Kenneth French — Wednesday, October 15, 2003

    Kenneth R. French is the NTU of Professor of Finance at the MIT Sloan School of Management. He is an expert on the behavior of security prices, investment strategies, and the management of financial ...Read More

  • Emerging Markets Rebounding

    9,601
    by J.D. Steinhilber — Wednesday, September 10, 2003

    Which equity index offers a price/earnings ratio of 14x, a dividend yield of 2.6%, and annualized earnings growth over the past five years of 12%? The answer will come as a surprise to many investors. ...Read More

  • Terminator Pulls Trigger on Indexing, Sort of

    5,099
    by IndexFunds.com Staff — Thursday, September 4, 2003

    Arnold Schwarzenegger owns approximately 5% of Dimensional Fund Advisors, the secretive mutual fund index group in Santa Monica that is popular among index advisors and institutional investors. Ironically, while he appears to have done relatively little ...Read More

  • The Stockholm Syndrome and the Market

    5,712
    by Todd Hickman — Tuesday, July 22, 2003

    Since March 2000, many investors have found themselves victims of abuse. This April ten of the nation's top investment firms settled enforcement actions involving conflicts of interest between research and investment ...Read More

  • Reversal of the Mean: dogs become stars overnight

    5,763
    by IndexFunds.com Staff — Tuesday, July 15, 2003

    A surprising negative correlation of -77% exists between last year poor results and this year's shining ones so far for the following high-tech ETFs that comprise the worst performing ETFs in ...Read More

  • Assets in Broad U.S. Index ETFs Jump in May

    5,477
    by IndexFunds.com Staff — Tuesday, July 1, 2003

    The total combined assets of the 114 U.S. exchange-traded funds were $118.44 billion in May, according to the latest data from Investment Company Institute, the national association of the investment company ...Read More

  • Breaking Down the Style ETFs

    5,979
    by IndexFunds.com Staff — Monday, June 23, 2003

    Investors who use index-linked exchange-traded funds to slice and dice various parts of the U.S. market can choose from benchmarks from Russell, S&P/Barra, and Dow Jones. ...Read More

  • Indexing Goes Global - International Exchanges Embrace ETFs

    6,189
    by IndexFunds.com Staff — Tuesday, June 17, 2003

    Although exchange-traded funds have experienced phenomenal growth in the U.S., there are actually more ETFs trading on foreign exchanges - 169 ETFs currently call an overseas exchange home, while 114 funds are listed on domestic U.S. exchanges. However, ...Read More

  • S&P Study Shows Cheaper Funds Outperform

    5,859
    by IndexFunds.com Staff — Friday, June 13, 2003

    S&P reported that, on average, funds with lower expense ratios have outperformed their more expensive peers in eight out of the nine domestic fund style categories over a one, three, five, and ten-year annualized ...Read More

  • 'Safe' options: ETFs a good platform for their use

    5,661
    by IndexFunds.com Staff — Thursday, June 12, 2003

    Investors believe options are risky, and rightly so when they are used alone. But they take on a new light when an investor already owns an asset being optioned. ETF investors in particular can exploit their use to protect their holdings in an entirely ...Read More

  • Gold ETF to Test Retail Investor Demand

    6,000
    by IndexFunds.com Staff — Wednesday, June 11, 2003

    An impending Exchange-Traded Fund based on gold is stirring debate over whether it will make gold so easy to own that a flood of new retail investors will send the precious metal ...Read More

  • The Dangers of Dollar-Cost Averaging Small Amounts with ETFs

    9,106
    by IndexFunds.com Staff — Monday, June 9, 2003

    Exchange-traded funds have low annual fees and tax distributions, but brokerage transaction fees can remove all the benefits for unwary small investors. Dollar cost averaging in small amounts, a great strategy with traditional mutual funds, is a ...Read More

  • ETF Asset Data from the ICI for April 2003

    5,408
    by IndexFunds.com Staff — Friday, June 6, 2003

    Exchange-traded fund assets continue to rise in the bear market, topping $110 billion in April, according to the latest figures released by the Investment Company Institute, the trade group for the mutual fund industry. ...Read More

  • DFA hard to buy, easy to own.

    6,002
    by Timothy Middleton — Wednesday, June 4, 2003

    The latter is the professor-run hedge fund that imploded because the risks it was trying to avoid bit it in the backside. DFA, likewise run by a coven of finance professors, doesn't avoid risk-it relishes ...Read More

  • Broad Domestic Equity Indexes in May

    6,231
    by IndexFunds.com Staff — Monday, June 2, 2003

    The Dow Jones Industrial Average rose 3.69% in May, closing at 8793.12. The Dow Jones Industrial Average is up 5.41% for the year, according to Dow Jones Indexes. ...Read More

  • Fidelity to Launch Nasdaq Composite ETF

    6,068
    by IndexFunds.com Staff — Wednesday, May 28, 2003

    Yet another major player is set to enter the ETF industry. Earlier this week mutual fund giant Fidelity filed for its first exchange-traded fund that will track the Nasdaq Composite index. ...Read More

  • ETF Industry Poised for Next Round of Growth

    5,961
    by IndexFunds.com Staff — Tuesday, May 27, 2003

    The exchange-traded fund universe is expanding - at last count growing to 135 ETFs trading in the U.S. with over $112 billion in assets under management. Likewise, in the coming weeks we'll be enhancing our own editorial coverage of ETFs with more ...Read More

  • Larry Swedroe

    A Mutual Fund to Drool Over

    6,782
    by Larry Swedroe — Tuesday, May 27, 2003

    Bill Miller, the manager of the Legg Mason Value Trust fund, has managed to do what no other current manager has done - beat the S&P 500 index twelve years in a row. Surely that incredible feat cannot be attributed to random chance or luck. Therefore, it ...Read More

  • S&P Active vs. Passive Study Focuses on Sector Funds

    6,517
    by IndexFunds.com Staff — Wednesday, May 14, 2003

    Standard & Poor's released a study showing active sector fund managers have fared relatively well against sector indexes that track thin slices of the market over the past five years. However, over the last three years a majority of active funds beat the ...Read More

  • ETF Advisors to Close Its Treasury ETFs

    6,352
    by IndexFunds.com Staff — Monday, April 21, 2003

    ETF Advisors announced it would close its four Treasury FITR funds: Treasury 1 FITR (TFT), Treasury 2 FITR (TOU), Treasury 5 FITR (TFI), and Treasury 10 FITR (TTE). ...Read More

  • S&P Reports Indexed Assets for 2002

    5,680
    by IndexFunds.com Staff — Tuesday, April 15, 2003

    New York-based index provider Standard & Poor's released the results of its 2002 annual survey of assets linked directly to its domestic ...Read More

  • Emerging Markets iShares Begin Trading

    6,165
    by IndexFunds.com Staff — Thursday, April 10, 2003

    The iShares MSCI Emerging Markets began trading today on the American Stock Exchange under the ticker EEM. The new exchange-traded fund, managed by Barclays Global Investors, is benchmarked to the MSCI Emerging Markets Free (EMF) index. ...Read More

  • S&P Reports Indexed Assets for 2002

    5,513
    by IndexFunds.com Staff — Friday, April 4, 2003

    New York-based index provider Standard & Poor's released the results of its 2002 annual survey of assets linked directly to its domestic benchmarks. Based on the 2002 survey responses, S&P estimates that approximately 90% of the total S&P indexed assets ...Read More

  • John Spence

    Vanguard To Change Benchmarks for Seven Index Funds

    6,557
    by John Spence — Friday, April 4, 2003

    Vanguard announced yesterday that it will transition to new MSCI U.S. equity benchmarks for several of its index funds, a move the Valley Forge-based fund group has been positioning itself for over the past several months, and perhaps years. ...Read More

  • Domestic Indexes Make Some Gains in March

    5,798
    by IndexFunds.com Staff — Wednesday, April 2, 2003

    The Dow Jones Industrial Average rose 4.29% in March, and is down 1.33% for the year, according to Dow Jones Indexes. Measuring Europe, the Dow Jones STOXX 50 index was up 3.26% for March, and is down 7.11% for the ...Read More

  • Larry Swedroe

    Balanced & Lifestyle Funds

    9,834
    by Larry Swedroe — Monday, March 17, 2003

    One thing the mutual fund industry does well is to create a product and then create demand for that product, even when the product may not be one that is in the investors' best ...Read More

  • International Diversification in Retirement Accounts

    6,250
    by Frank Armstrong — Friday, March 7, 2003

    International diversification is an issue that should have been settled a long time ago. However, many investors believe that cross-border diversification increases risk. Now, new support from academics provide new evidence of its value as a risk reducer. ...Read More

  • Domestic Indexes Fall Again in February

    5,841
    by IndexFunds.com Staff — Monday, March 3, 2003

    The U.S. blue-chip Dow Jones Industrial Average fell 3.06% in February - the Dow is off 6.4% for the year. Measuring Europe, the Dow Jones STOXX 50 index was down 5.54% for February; year-to-date the index is down 12.2%. The Dow Jones Asian Titans 50 ...Read More

  • John Spence

    Interview with Paul Kaplan, Morningstar Director of Research

    5,617
    by John Spence — Friday, February 28, 2003

    Chicago-based Morningstar, Inc. has ventured into a crowded index industry with the debut of 16 proprietary equity benchmarks that correspond to the firm's heralded style boxes. Morningstar's director of research, Paul Kaplan, sat down with us to discuss ...Read More

  • ETF Assets Decline in January

    6,789
    by IndexFunds.com Staff — Thursday, February 27, 2003

    The combined assets of the nation's exchange-traded funds (ETFs) were $95.66 billion in January, according to the Investment Company Institute, falling from a December 2002 high of over $102 billion. ...Read More

  • Investors overpay Magellan by $330 million

    5,732
    by Paul B. Farrell — Friday, February 21, 2003

    Magellan's rationale for charging $330 million more than Vanguard's S&P 500 fund every year is simple: They provide active-management to enhance performance and beat the S&P 500. Here's how Magellan's manager Robert Stansky described his ...Read More