September 27, 2016

Nicholas Ragone , Villicus Capital Partners L.P.

Managing Member at Villicus Capital Group LLC

Perry Capital Closing Flagship Fund After Almost Three Decades

Another casualty in the Hedge Fund washout. Even well established funds are at risk if they don't show their investors that they can add value and are earning the high fees they charge. Over time,periodically either markets or performance end up cleansing the industry of funds or managers that are not truly adding alpha.

Read More Here: http://www.bloomberg.com/news/articles/2016-09-26/perry-capital-closing-flagship-fund-after-almost-t...

More from Nicholas Ragone

Nicholas Ragone, Villicus Capital Partners L.P.

Einhorn's Greenlight Hedge Fund Down 12% After February Loss

David Einhorn's Greenlight Capital is the latest example of how damaging a concentrated portfolio without a risk management overlay can be to performance. We've seen this type of situation before with Paulson and Pershing Square. Concentrated ...

Mar 01, 2018

Nicholas Ragone, Villicus Capital Partners L.P.

Brokers Violating DOL Rule by Shifting Clients to Fee Accounts: Roper

You know, I don't understand why people are surprised at the tremendous effort by the industry to never have this rule become law. In fact, has anyone ever thought about why we would need a law in place to make us act in the client's best interests? ...

Oct 07, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Oil 'God' Andy Hall is shutting down his main hedge fund after it tanked 30%

So even the "Gods" are not immortal! It truly irks me when I hear those in the media describe a manager as a "God","Guru" or "Legend". The reason is that it misleads investors to believe that a manager may be something more than he is. The media say ...

Aug 05, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

As ETFs blow past hedge funds, Paul Singer has had enough, says they are ‘devouring capitalism’

Well, it seems like sour grapes to me that Mr. Singer believes that passive ETFs are "devouring capitalism". Maybe it's that investors are waking up to the fact that they are paying alot of fees to managers who are not only under-performing their ...

Aug 05, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

John Paulson Is Struggling to Hold On to Client Money

The exodus continues... part two. As opposed to my earlier post about Tudor Investment Corp. , the assets leaving the firm are for a good reason. Paul Tudor Jones is suffering from underperforming with a mid single digit return over the last several ...

Aug 02, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Paul Tudor Jones Clients Pull 15% From Main Hedge Fund

Even some of the biggest and the well known names have been struggling in recent years. Due to underperformance and high fees,Tudor Investment Corp. has lost about 50% of its assets compared to a year ago. Even with a great long term track record, ...

Aug 02, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

A $13 billion hedge fund is sounding the alarm on one of the biggest trends in investing

An interesting article with,in my opinion, some valid points. When a trade becomes overly crowded, and in this case, actually an investing style, it usually means that the trend is capitulating. I have not seen so many articles and job postings for ...

Jul 27, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

The Incredible Shrinking Hedge Fund Industry

Here's a follow up on my proir post, It's a trend that has continued for some time now. Read more here: http://www.institutionalinvestor.com/article/3733755/asset-management-hedge-funds-and-alternatives/the-incredible-shrinking-hedge-fund- ...

Jul 19, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

The world’s largest hedge fund is down for the year in a key fund

It's been a challenging evvironment over the last several years for many of the most well known names in the hedge fund industry due to investor unhappiness over high fees and poor returns.. As you can see, even the leaders have struggled in this ...

Jul 19, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

New York, Illinois Pension Funds Say Hedge Funds Fees Too High

The trend continues as more pension funds pull money out of hedge funds and are pressing for lower fees. If hedge fund investors have to pay high fees, they expect two things: first, to provide alpha in the way of better returns, and most ...

Jun 09, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Hedge Fund Manager John Paulson Struggles To Hold Onto Client Money

This story is part of an ongoing saga that I have posted about many times in the past. It has always amazed me how large supposedly sophisticated investors are so quick to commit capital to a hedge fund without significant statistical evidence of ...

Jun 06, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Machine learning set to shake up equity hedge funds

Well, Here's another article about how machines using Artificial Intelligence are going to replace human traders. While using AI is a rapidly evolving methodolgy in finance, investors have to remember that it is humans that do theprogramming, and the ...

May 26, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Tony Robbins Explains The Basics Of Risk Management

Here is Tony Robbins with a simple,easy to understand example of the basics of risk management,which he has learned about from his relationship with Paul Tudor Jones. Of course, it doesn't go into a more detailed explanation as to how to implement ...

May 24, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Hedge Funds Run Out Of Investment Ideas

Interesting article. I have always been perplexed by the idea that a Hedge Fund manager has to have some undiscovered idea or premise that the rest of the investment world has yet to discover. Even more mystifying is the fact that with many Hedge ...

May 12, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Is Managing a Hedge Fund Rocket Science?

Is it my imagination that every job posting I see for analysts, traders, and portfolio managers by the hedge fund industry has a requirement of a PHD in AstroNuclear Physics , or a Doctorate in Atomic Engineering? LOL Do they not believe that ...

May 10, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Where Are The Indexes Trading Part 2

As a follow up to an earier post, I wanted to share another interesting period in which perceived returns are radically different. In a recent study by Tim McMahon, he evaluated the entire NYSE returns in a period similar to the "Lost Decade" (and a ...

May 10, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Where are the Indexes really trading?

I thought I'd share this information which is the perfect example of why a risk management methodology is needed. If you adjust prices for inflation, the DJIA is up 23.9% over 17 years from the peak in 2000, a CAGR of 1.37%. The S&P 500 is up 8.7% ...

Apr 29, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Large Hedge Funds Lose Assets In 2016, But The Biggest Just Keep Getting Bigger

The exodus from some of the largest Hedge Funds continues as some of the most well known names in the industry saw significant amounts of assets withdrawn by disgruntled clients. The underperformance by some very big names like Paulson,illustrates ...

Apr 29, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Julian Robertson Yanks Money From One-Time Hedge Fund Whiz-Kid

Once again, here is a textbook example of how the lack of a risk management methodology can destroy a fund manager's portfolio and performance in a very short period of time! Those of you that have read my prior posts know that i've written many ...

Apr 16, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Valeant Bet Was a ‘Huge Mistake,’ Hedge Fund Chief Ackman Says

Those of you who have read my prior posts are probably aware of the fact that many of them were related to the Valeant debacle and Bill Ackman. I have stated that Valeant was a textbook example of how many hedge fund managers are lacking a rigid ...

Mar 30, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

This Hedge Fund Is Even More Volatile Than Odey

I didn't think it was possible to find a more volatile fund than Odey! Another hedge fund with big bets and no risk management takes a huge hit. I am always amazed by stories like these ,particularly about well known names in the industry. THey ...

Jan 13, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

Icahn Hedge Fund Loses 20% of Its Value in 2016

Another Icahnic (excuse the pun!) Hedge fund name came in with dismal performance. Icahn joins the ranks of Ackman,Odey,Paulson, etc who turned in poor performance due to large concetrated positions with no risk management! Read More Here: ...

Jan 13, 2017

Nicholas Ragone, Villicus Capital Partners L.P.

A Billionaire Retrenches in a Tough Year for Hedge Funds

Hedge-fund manager Jamie Dinan is ending 2016 the way he started it: eating humble pie. The main fund at his York Capital Management, which fell 14% last year, lost another 1% through early December. That performance has pushed Mr. Dinan to ...

Dec 22, 2016

Nicholas Ragone, Villicus Capital Partners L.P.

Hedge Fund Winners and Losers Emerge as Year Ends on Better Note

As the year comes to an end, and the markets have rallied tremendously post -election, it's amazing to see the wide disparity among some of the most well known names in the industry. There have been some major disasters , like Odey ,Pershing and ...

Dec 22, 2016

Nicholas Ragone, Villicus Capital Partners L.P.

Hooked on QE: Hedge Funds See Dangerous Addiction

Quantative easing is still an ongoing experiment. It was established at a time when financial markets were in deep distress and liquidity was tight.That's no longer the case, however, QE is still being utilized by many central banks around the ...

Dec 10, 2016

Change Is the Only Constant

Sponsored by Diamond Hill

Market expectations for Federal Reserve action have shifted sharply this year, shaped by leadership changes, political pressure and evolving economic data. Discover what recent developments mean for policy independence, rate expectations and fixed income investors. (4 min read)

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