Ep 161: The Hedge Fund Mirage

  • 12/12/2012
  • with Simon Lack

Episode Snapshot

Hedge fund manager Simon Lack gives an insider perspective on the hedge fund industry.
Simon Lack spent most of his 20-year plus career in the hedge fund industry. Then he wrote a best-selling book explaining how investors would have generated higher returns in treasuries compared to most hedge funds - after you factor in fees. Today, Simon is managing partner at SL Advisors. On this week's Podcast, he talks about the risks of investing in hedge funds. He also talks fiscal cliff and shares some of his favorite ideas to buy right now.
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This Episode's Guest

Simon Lack

Following 23 years with JPMorgan, Simon Lack founded SL Advisors, LLC, a Registered Investment Advisor, in 2009. Much of Simon Lack’s career with JPMorgan was spent in North American Fixed Income Derivatives and Forward FX trading, a business that he ran successfully through several bank mergers ultimately overseeing 50 professionals and $300 million in annual revenues. Simon Lack sat on JPMorgan’s investment committee allocating over $1 billion to hedge fund managers and founded the JPMorgan Incubator Funds, two private equity vehicles that took economic stakes in emerging hedge fund managers. Simon chairs the Investment Committee for Wardlaw-Hartridge School in Edison, NJ, and also chairs the Memorial Endowment Trust Investment Committee of St. Paul's Episcopal Church in Westfield, NJ. He is the author of The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True, which received widespread praise from mainstream financial press including The Economist, Financial Times and Wall Street Journal. Simon makes regular appearances on cable TV business shows discussing hedge funds and investing, and is a CFA Charterholder.