Fuzzy Math

The Wall Street Journal has another article taking off from an original piece done nearly two weeks ago at TheStreet.com  on how leveraged exchange-traded funds don't always provide the perfect mathmatical returns that would seem readily apparent.

It's a fairly routine story that has been re-reported several times since the original popped up online. These re-examinations for investors of how inverse and leveraged ETFs work -- and how their returns are calculated on a daily basis -- have been showing up lately coming on the heels of huge distribution projections by Rydex and later ProShares for their leveraged ETFs. 

You can read the WSJ's version here.

 

Year In Review

An update of the Dow Jones Newswires' review of 2008 ETF performance can be found here.

 

Famed Vanguard Manager Neff Buying Stocks

It's always an interesting game keeping up with the more renowned active fund managers. In this piece from Fortune,

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John DevaneyJohn Devaney | Hedge Fund ManagerA few days ago I read an odd article within the New York post on John Devaney and how he was supposedly booed off of stage at a recent conference. Click here to read this article now. This seemed far fetched but I figured anything could happen in today's market environment. Here is an excerpt:Devaney, who made no friends after his United Capital Markets' flame-out left investors with zero payout, began to speak during a Monday morning discussion at the conference but soon began a rant on why the markets were wrong and he was right.The crowd began to boo and the microphone was taken away from him, according to several spies in attendance. This morning Mr. Davaney is claiming that this story has been completely fabricated by a ...

George Soros PredictionsGeorge Soros Hedge Fund PredictionsJust a quick note to let you know we have updated the Hedge Fund Tracker profile for George Soros after his recent speech at MIT where he predicted the hedge fund industry to fall from 50-75% from its peak.To view the updated profile please click here: George SorosRelated to George Soros Hedge Fund Industry Predictions:Geographical Hedge Fund GuidesMario GabelliAndrew LahdeStanley FinkT. Boone PickensDavid Einhorn...