By Klaudius Sobczy, founder of Advanced Dynamic Asset Management. It was quite surprising how well the gold view worked over the last weeks. Obviously, it was greatly supported by the major financial powers of this world. Firstly Mr. Draghi with the announcement of the “unlimited” purchase of government bonds in the Euro-Zone followed by Mr. Bernanke […] Read more »
Mr Bernanke Goes For Broke
Stephen Lewis, Chief Economist, Monument Securities At his press conference yesterday following the FOMC meeting, Mr Bernanke was intent on pointing out that monetary policy is no panacea. This has been his constant refrain recently, a plea for clemency perhaps in any judgment of the Federal Reserve’s limited success in meeting the terms of […] Read more »
Short Selling Spuriousness
By Stephen Pope of Spotlight Ideas Blame policy makers not the market – If assets are sold it is because they are mispriced – Volatility will actually increase. On Monday, July 23rd 2012 2 Euro Zone nations acted in a manner that revealed panic and questionable judgement. In an attempt to prevent “speculative” trades depressing […] Read more »
Co-Opting Marketing Resources for Hedge Funds – Part Two
Preqin – Building On A Database The previous and following articles in this series cover lead generator companies in the hedge fund business who make great efforts to explain that they are not database companies. Preqin is a database company that is trying to add some value beyond that restrictive label, so is […] Read more »
Co-Opting Marketing Resources for Hedge Funds – Part One
Murano Systems, A Lead Generator In one of the coincidences that inspire, recently two aspects of hedge fund marketing came into view. The first was coming across a small hedge fund using Murano Systems, and the second was a White Paper on the different types of hedge fund investors from Merlin Securities. The Merlin paper […] Read more »
Chart of the Day is the Technical Position of the Aussie Dollar
A recent article here cited a short in the Australian Dollar as a position held by Bridgewater Associates at the turn of the year. Often global macro investors like both a fundamental case and a technical case for their positions – the bias one way or the other is a style point for differentiating between […] Read more »
Hedge Funds to Step Up In LBO Market in Europe
Just like the private equity business, Leveraged Buy Out (LBO) activity is usually subject to a cycle related to that of the stock market with a lag. On top of that in Europe there used to be laid a secular growth in LBO volume, and a long-term trend towards a wider variety of buy-out financing […] Read more »
Hedge Funds Positioning to Benefit from Euro Banks Spitting out Assets
“The Economist” (19th November 2011 edition) has just written about the market for assets being spat out of European banks. The article is reproduced below. For my part I see the market for leveraged loans in Europe becoming very attractive to buyers who know how to be selective, with, unlike the bank asset story, an […] Read more »
Chart of the Day – Extremely High Correlation of Stocks – Implications for Hedge Funds
I’m doing some work on risk measurement/management at a hedge fund management company. The investment strategy of the hedge fund is long/short equity. Most of the work revolves around measurements at the portfolio level, and the aim of measuring and controlling risk is to produce steady returns for investors. This is only possible on a […] Read more »
Hedge Fund Returns for 2011
A poll was conducted on this website recently asking this question: “In 2010 the year was rescued in performance terms by the huge injection of QE2. So the outcome was a reasonable year. Is there a Second Act to rescue this year? What do you think hedge fund returns will be for the whole of […] Read more »