Its Friday
Could it be any more awesome…
EUR/USD
Nothing to see here….yet…maybe
Bridgewater Off….
From New York Post Ray Dalio’s Bridgewater Associates, the world’s largest hedge-fund firm, with $120 billion in assets, has hit a rough patch. After leaving its rivals in the dust for the past two years with mouth-watering double-digit returns, Bridgewater is now trailing them. Its flagship fund, Pure Alpha, fell 2.7 percent in 2012’s first…
DetailsNoddy Head Economists
Pinched this from the Mentor Program forum – drag the economists around by the nose.
Its Heartbreaking But Bloody Funny
From Bloomberg (note – link doesn’t like Chrome) Apparently US bank firms have toasted their own 401K plans by investing in themselves. For the uninitiated a 401K plan is equivalent to our superannuation plans. PS : Its not really heartbreaking but still bloody funny.
DetailsEURUSD
Looks like an opportunity to me.
Two Books Analyse What Makes Hedge-Fund Managers Great—And Reach Very Different Conclusions
Neat little review from the Economist of The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds by Maneet Ahuja and The Hedge Fund Mirage: The Illusion of Big Money and Why It’s Too Good To Be True. by Simon Lack. I have already spoken about The Hedge Fund Mirage and found it to be…
DetailsWell That Was Fun Whilst It Lasted
Got bounced out of Spain last night. The joy of systems trading is going long when everyone else thinks the world is about to end.
Analysts
Wall Street relies on “stock analysts.” These are people who do research on companies and then, no matter what they find, even if the company has burned to the ground, enthusiastically recommend that investors buy the stock. They are just a bunch of cockeyed optimists, those stock analysts. When the Titanic was in its death…
Details
