All entries by this author

If I Can’t Call It a Hedge Fund, What AM I Going to Call It?

May 18th, 2015 | Filed under: Alpha Hunters, Hedge Fund Strategies, Today's Post

Intrepid contributor Doug Friedenberg addresses a burning nomenclatural issue for the investment style formerly known as hedge funds and proposes a solution to save the financial system.

The Fossil Fuel Divestment Debate for Fiduciaries: It’s the Portfolio….

Mar 25th, 2015 | Filed under: Alpha Strategies, Alternative energy, Alternative energy investing, Today's Post

The typical investment manager is more likely to understand the divestment argument if he is shown that the dynamic effects of climate change on his fossil fuel portfolio holdings will be like a knife to the brain of one of TV's Walking Dead zombies, portfolio splatter included.

Twitter for Geriatric (over 35) Investment Managers

Mar 4th, 2015 | Filed under: Alpha Strategies, Today's Post

Doug Friedenberg takes a look at Twitter as a random news generator on subjects close to the hearts of portfolio managers, and finds it invaluable for the information just beginning to enter your known universe.

Missing the Market: An American Visits Nigeria

Dec 17th, 2014 | Filed under: Alpha Hunters, Frontier markets, Today's Post

Guest columnist Doug Friedenberg explores Nigeria as a frontier market.

Metamorphosis in HFT: Update with Brad Katsuyama of IEX, Central Figure in ‘Flash Boys’

Sep 18th, 2014 | Filed under: Algorithmic and high-frequency trading, Alpha Hunters, Hedge Fund Strategies, Today's Post

Guest columnist and intrepid reporter Doug Friedenberg talks to Brad Katsuyama about HFT, Michael Lewis and more.

Windfall: a Book on the Rise of the Climate Investor Class

Aug 6th, 2014 | Filed under: Alpha Strategies, Book review, Climate change, Energy, Social investing, Today's Post

Guest columnist Doug Friedenberg reviews "Windfall," and looks at the potential for investing in a changing climate.

One Ordinary Week in the Life of Climate Change

Jun 6th, 2014 | Filed under: Featured Post, Social investing

(March 24 update) We present here recent anecdotals on the subject of climate change.  It’s a topic that affects many industries: insurance, real estate, energy (renewable and non-), food, water, national defense, to name a few.   Investment opportunities arise when there is a divergence of opinion, as is uniquely the case in the United States […]

Catastrophe Bonds and Climate Hedging: A Talk with Barney Schauble of Nephila

May 1st, 2014 | Filed under: Alternative energy, Institutional Investing, Today's Post

Doug Friedenberg talks about investing in the climate and what real investors can and are doing with it.

Controlling your Inner Lobster: Climate Investment Update

Feb 11th, 2014 | Filed under: Conference report, Institutional Investing, Social investing, Today's Post

Roving columnist at-large Douglas Friedenberg reports on the Investor Summit on Climate Risk, NYC.

Cyprus: The Land That Money Forgot

Oct 30th, 2013 | Filed under: Alpha Strategies, Emerging markets, Today's Post

Guest columnist Doug Friedenberg turns over a few rocks in Cyprus and finds that there might still be something left.

Climate Change: the Science that Dare Not Speak Its Name

Jul 31st, 2013 | Filed under: Alternative energy investing, Today's Post

Guest columnist Doug Friedenberg looks at climate change's investment potential.

Better Portfolio Management through Music Appreciation

Jul 16th, 2013 | Filed under: Alpha Strategies, Today's Post

Guest columnist Doug Friedenberg looks at alpha with a musical perspective.

Frankenstorm, the Not So Black Swan: Climate as the New Risk Variable

Nov 13th, 2012 | Filed under: Alpha Strategies, Editorial, Today's Post

Columnist Doug Friedenberg looks at why the American understanding of climate science has been exceptional, why substantial financial interests may bring it in line with the rest of the planet, and why portfolio managers should care in the first place.

The Obvious Place to Look for Stable, Consistent Returns: African Trade Finance

May 14th, 2012 | Filed under: Socially responsible investing, Today's Post

Is Alpha Abundant Only in the Places Few Investors Want to Look?

The Climate Change Trade: Your Portfolio May Never Look the Same

Apr 17th, 2012 | Filed under: Alpha Strategies, Today's Post

PM's are used to assessing variables like changes in interest rates, unexpected business competition, disruptive technologies, and a host of known unknowns when making their portfolio decisions. An interview with Gernot Wagner reveals climate change as an already visible black swan, with an unimagined capacity for disruption..........and opportunity.

John Bogle, Topsy Co-Founder Rishab Ghosh Speak at Bloomberg Conference

Mar 13th, 2012 | Filed under: Conference report, Today's Post attends and reports on a Bloomberg "Manager Mash-up." Vanguard's John Bogle tells a few "truths" and Topsy Founder Rishab Ghosh talks Twitter.

American Healthcare: Under All the Noise, Psilos Finds Cost-Effective Solutions

Feb 22nd, 2012 | Filed under: Private Equity, Today's Post

Lisa Suennen of Psilos Group discusses the new wave in healthcare venture capital: improved care quality while reducing costs.

Topsy Filters Twitter Investment Signals so Investors Get Tomorrow’s News Today

Feb 13th, 2012 | Filed under: Alpha Hunters, Today's Post

Alpha is often found in the company of those investors who are earliest in seeing the first hints of future events unfolding. Topsy is a new source of that capability.

The Middle Markets in 2012: Oh, to Be Investment Grade, Cash Rich, and In Love!

Jan 19th, 2012 | Filed under: Alpha Strategies, Private Equity, Today's Post

In spite of what the media might have us believe, it isn't quite the end of the world as we know it, particularly as it applies to European private equity.

Maw, My Alpha is Daid. Kin You Go Git My Mojo Workin’?

Jan 4th, 2012 | Filed under: Alpha Strategies, Today's Post

This is a column of non-sequential thoughts including but not limited to topics appearing on AllAboutAlpha emphasizing the heartbeat behind the statistics which add up to alpha (definition expanded by the author to suit their purpose). When the relevance isn't apparent at first, lubricate with a bit of your favorite drink, herb or pharmaceutical, and things will make a lot more sense. It's all good. Doug Friedenberg ran a convertible arbitrage hedge fund in a previous century and learned first hand most of the mistakes asset managers can make. In the current century, he works to finance small to mid-sized businesses with a particular specialty in cross-border trade and letters of credit, which sometimes involves emerging/frontier markets. No word yet on plans for next century; maybe a posthumous autobiography.

A Holiday Bug in Your Ear

Dec 21st, 2011 | Filed under: Today's Post

Our holiday bug in your ear is an encouragement to practice the Golden Rule in the year to come.

The Investor’s Climate Change Conundrum: Is It Worth Watching Your Hamptons Beach House Sink Beneath the Waves Just to Make a Few Bucks from Carbon Emitters?

Dec 13th, 2011 | Filed under: Alpha Strategies, Infrastructure, Today's Post

We report on a talk given by Dr. Keith Crane of the Rand Organization about renewable energy and climate change at a meeting of the FInancial Policy Council. Dr. Crane showed that the cost differences between renewables and coal shrink when the costs of carbon emission controls are also counted. Subsequent research revealed possible reasons why the average person in the United States has a unique inability to accept climate science, in opposition to the conclusions of the U. S. Defense Department.

Introducing the New 2-and-20 Index Funds

Nov 27th, 2011 | Filed under: Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Today's Post

Equity hedge fund performance has resembled the results of the S&P Index lately. We speculate that regression to the mean is because humans are involved, and find reasons to be cheerful for the group's future.

Occupy Wall Street (OWS), Social Networking, and the 1%: Systemic Risk to Alpha Generators?

Nov 17th, 2011 | Filed under: Alpha Strategies, Today's Post

We visit a Town Hall meeting to discuss the Occupy Wall Street group's use of social media. While there, we are reminded of the potential power of social media and its use to affect public opinion without spending gobs of money. We also learn reasons why the investment community should, at minimum, pay some attention.

High Frequency Trading Likely to Increase by 400% in China by 2013

Nov 1st, 2011 | Filed under: Algorithmic and high-frequency trading, Alpha Strategies, Today's Post

It is by now common knowledge that High Frequency Trading comprises 70 to 75% of market trading in North America and western Europe.  And it helps to remember that the primary usefulness of algorithmic trading is to provide liquidity to the investor class.  We presume that the distinction of said class is that its investment […]

Predictable Black Swans: Hedge Fund Formerly Known as B of A Exercises $75 Trillion Put to US Treasury, Hopes to Protect Equity Splinter

Oct 25th, 2011 | Filed under: Alpha Strategies, Derivatives, Today's Post

Well, maybe not $75 Trillion.  And it doesn’t call itself a hedge fund.  To be really, really fair, Bank of America couldn’t have gotten all its derivatives positions wrong, even though it’s a bank.  However, as we shall demonstrate, the phrase “equity sliver” is way too optimistic.  Understand this about a derivative hedge:  it’s a […]

Nouriel Roubini to World: Probably We’re F****d. The Good News: Maybe Not ALL of Us, Only the Folks in Really Developed Economies

Oct 10th, 2011 | Filed under: Alpha Strategies, Conference report, Institutional Investing, Today's Post

By Doug Friedenberg We attended a recent meeting put on by Pershing for their prime brokerage clients at which Nouriel Roubini spoke about the near-term prospects for your favorite world, Earth, from an economic point of view.   On a positive note, no large asteroids are currently headed our way, although another prominent economist, Paul Krugman, […]

Alpha is for Apple: How to be like Steve Jobs and Why

Oct 6th, 2011 | Filed under: Editor's Pick

by Doug Friedenberg The passing of a profound individual usually triggers recitals of the great man’s accomplishments, and we’re experiencing that with the passing of Steve Jobs, for good and honorable reasons. But that leaves out what may be the most interesting and relevant understanding to be gleaned from his life, especially since Mr. Jobs […]

Alpha Hunter: Ocean Tomo: Crossroads of the Intellectual Property Universe

Sep 29th, 2011 | Filed under: Alpha Hunters, Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Today's Post

In Part II of this Alpha Hunter series, we examine the role intellectual property plays in the U.S. economy.

Job Creationism: Where’s the alpha?

Sep 21st, 2011 | Filed under: Alpha Strategies, Today's Post

Business owners aren't creating jobs for the sake of creating jobs - they are creating money, with job creation as collateral damage from the money creator's point of view.

Alpha Hunter Bags An Elephant Hidden in Plain Sight

Sep 11th, 2011 | Filed under: Alpha Hunters, Alpha Strategies, Hedge Fund Industry Trends, Hedge Fund Strategies, Today's Post

Patent trolls aren't the only ones hiding under the bridge and collecting tolls on intellectual property. Alpha Hunter Michael Friedman discusses the hidden alpha potential in IP.