Profile

Cover photo
Matthew Hintzen
Works at Red Jungle Ltd
Attended Midland High
Lives in Napier New Zealand
30 followers|9,492 views
AboutPostsPhotosVideos

Stream

Matthew Hintzen changed his profile photo.

Shared publicly  - 
 
my what a young fellow
1
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
Hey, anyone out there have a contact to Frank Gutowski or Shane McCarty who worked at Linear Technology in Santa Clara in the 90's?
1
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
is putting up a post on Google+ about posting on Google+ a recursive exercise? Seems that's what most Google+ Posts are (META data)
1
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
It sure is quiet in here... Yeah TOO quiet!
1
Mike Duzinski's profile photoJon Paulson's profile photoKevin Rickard's profile photo
3 comments
 
/drops pin/
Add a comment...
Have him in circles
30 people
Chris Keall's profile photo
GigatownNapier's profile photo
Leo Goodyear's profile photo
Sean Cross's profile photo
Paul Cudby's profile photo
Jon Paulson's profile photo
Toby Ragsdale's profile photo
Sarah Grace's profile photo
Max Patmoy's profile photo

Matthew Hintzen

Shared publicly  - 
 
why am I not surprised...?
Tim O'Reilly originally shared:
 
Truly eye-opening: According to a recent book, The Hedge Fund Mirage (http://www.wiley.com/WileyCDA/WileyTitle/productCd-1118164318.html), by Simon Lack, from 1998 to 2010, 84% of the investment gains of the entire hedge fund industry went to the managers, and only 16% to the investors. The thievery of our "financial industry" beggars the mind. Never mind the 1%! This is a tiny fraction of the 1% fleecing the rest of the 1%.

According to The Financial Times:

http://www.ft.com/intl/cms/s/0/c68c0250-379f-11e1-a5e0-00144feabdc0.html

"In fact, concludes Mr Lack, while many hedge fund managers have prospered from hefty fees, the bulk of their investment gains have not been shared with clients. On an asset-weighted basis, measuring cash invested to cash returned, hedge fund investors in aggregate, while narrowly beating the average return from equities, would have made more money over the past decade from investing in government bonds, and even from Treasury Bills.


"Of course the experience of 2008 colours these figures. According to Mr Lack, the hedge fund industry lost more money in that one year than all the profits it had generated during the previous 10 years. In fact most likely, he says, is that hedge funds lost more money for their investors in 2008 than the industry had made in its entire history. If true, that would put the industry up there with airlines and banks in the annals of long-term, non-productive performers from an investor perspective.

"Not that the managers have suffered the same way, of course. That is the brilliance of the hedge fund model. Between 1998 and 2010, the book shows, _even on favourable assumptions hedge fund managers earned an estimated $379bn in fees, out of total investment gains (before fees) of $449bn. In other words, they took 84 per cent of the investment profits their funds made, leaving just 16 per cent for the investors.

"Once you make adjustments for survivorship bias, fund of funds fees and so on, it is probable, he suggests, that hedge fund managers have kept all the money made, and investors have in aggregate received nothing_." [italics mine]
One of my New Year resolutions – and sadly the first to be broken – was not to write any more negative articles about hedge funds. Some of the poor chumps in the industry seem to be sensitive to anyth...
1
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
I couldn't agree more with this person.
1
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
Best description I've see for the experience of putting people in circles on G+: "Felt like I had just gotten back from the supermarket and I was putting away the shopping."
1
Jon Paulson's profile photo
 
So do I add you to the ECMI group, AIM group, BST group or ISERA Group? - Joking I don't have all these groups and I do know you can add the same person to more than one group ;)
Add a comment...

Matthew Hintzen

Shared publicly  - 
 
Ok, I can already tell I'm going to need a Seesmic Extension if I am going to be using Google+
1
Add a comment...
People
Have him in circles
30 people
Chris Keall's profile photo
GigatownNapier's profile photo
Leo Goodyear's profile photo
Sean Cross's profile photo
Paul Cudby's profile photo
Jon Paulson's profile photo
Toby Ragsdale's profile photo
Sarah Grace's profile photo
Max Patmoy's profile photo
Work
Occupation
Software Systems Architect / Developer
Employment
  • Red Jungle Ltd
    Software Systems Architect / Developer, 2011 - present
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Napier New Zealand
Previously
Newhall - Santa Barbara, CA - St. Louis MISERY - Summerland, CA - La Junta, CO
Story
Tagline
Nothing to see here folks, move along
Education
  • Midland High
  • CSUH
Basic Information
Gender
Male