I am not a macro investor by any sense of the word but I always find Hugh Hendry interesting.
I have noted with some amusement that financial commentators have gone a flutter in their nether regions at the thought of George Soros trading the $A and how it is reported that he made a profit of $18.6 million. Whilst, having $1 billion to throw at a trade must certainly be exciting and $18.9 million…Details
Funny thing is I thought that according to this group derivatives were the spawn of the devil……oh but thats right they are only the spawn of the devil is you lose money doing it. I would guess so to is taking billions in bail out money was also pretty bad but WTF…. And for a…Details
If so here is your answer. I snipped this out of a conversation going on in the Mentor Program Alumni forum and as is my habit whenever someone makes a bold pronouncement regarding something like stops I like to dig a little deeper. On Baskin financials website they boast the following performance. At first glance…Details
I am not really much of a contrarian. You cant be when you are a trend follower and whilst I take mild amusement from magazine covers trumpeting that housing is the best investment in the universe in 2007 only to see housing end up in the toilet. It is not a strategy I find compelling…Details
From The Economist – Some revisions may be down to cock-up but a closer look hints at conspiracy. Counter-intuitively, most fixes aim to make performance look worse than originally stated. That is probably because two-thirds of funds charge performance fees only if they are at or above their highest valuations. Eager to bring forward the time…Details
I get a newsfeed from FinAlternatives its always good for which hedge fund has gone broke, which one is being investigated for insider trading and which one is mysteriously relocating to a country with no extradition. This morning I popped in to take a look and saw the following headline – Hedge Fund Pay Up…Details