Whether you're running your own hedge fund or looking to work at someone else's, it can help to know the latest industry intelligence and rumors, as well as who's investing where. These four blogs offer the best tailored hedge-fund news, advice and gossip.
1. Hedgefund.net: Owned by broker-dealer operator Channel Capital Group Inc., this site is a must-read for hedge-fund rankings and performance data. The site makes it easier to keep tabs on hedge-fund activity and deals for both investors and managers. Readers pay for premium access to fund profiles and asset flow information but can look at news articles, monthly indices and performance reports at no charge.
2. HedgeFundBlogger: The brainchild of Richard Wilson, head of the Hedge Fund Group, professional organization, this site has a wealth of information for those in the business or looking to enter it. In addition to the newsy blog, Wilson offers lists of fund recruiters, job openings, salary discussions and other resources, such as a free book that compiles his 400-plus blog posts, in case you want to catch up on the subway. Wilson's hedge-fund certification promises training in hedge-fund investment strategies, funds of funds, analytics, due diligence, trends and terms (for about $1,000).
3. HedgeCo.net: The site features a hedge-fund database (free registration required), but it also runs 10 columns on such topics ranging from the newest funds-related legislation from Washington, D.C., to the pros of longevity products. The array of perspectives is a refreshing respite from blogs that center on only one author's narrow take on the field.
4. HedgeWorld's Alternative Reality: Alternative Reality is a spinoff of HedgeWorld.com, an industry news site from Reuters. The authors editorialize on the news and serve up theories on such topics as why a hedge fund would sue Porsche or how many funds have stepped in to help Haiti. Posts take a casual tone ("Greece is the word, it's got groove, it's got meaning."). The blog bills itself as everything that couldn't fit on HedgeWorld.com, so think of the analysis as icing on the cake.