Articles and explainers on smart money and institutional asset ownership.
A plain-English guide to hedge funds: what a hedge fund is, how they work, the '2 and 20' fee model, common strategies, and who can invest.
How hedge funds make money — the '2 and 20' fees that pay the manager, the returns that pay investors, and whether they actually beat the market.
What an institutional investor is, the main types, how they differ from retail investors, why they're 'smart money,' and how to track them.
What a 13F filing is, who has to file one, the 45-day deadline, and what it does — and doesn't — reveal about a hedge fund's stock holdings.
How to read a 13F filing step by step — the holdings table, quarter-over-quarter changes, and the traps (45-day lag, long-only) that mislead investors.