Hugh Hendry – Thoughts From Buttonwood Gathering
I am not a macro investor by any sense of the word but I always find Hugh Hendry interesting.
When is $18.6 Million Just Not Worth The Effort
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…
DetailsHFT Is Evil….So Says Charlie Munger
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…
DetailsHave You Ever Wondered Why Fund Managers Do So Badly?
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…
DetailsThe Mind of Jeffrey Gundlach
To be honest i had never heard of this person but he seems to be vaguley interesting – its a pity the piece is not longer. Suddenly, he decided he wanted to be rich. It was the 80s, and in the 80s if you wanted to be rich, you were an investment banker. So he…
DetailsJohn Paulson And Gold
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…
DetailsHedge Funds Fudge Their Data…Say It Isn’t So
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…
DetailsIn What World Is This True?
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…
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