Owner: Market Folly URL:http://www.marketfolly.com Join Date: Wed, 20 Aug 2008 20:21:53 -0500 Rating:0 Site Description: Finance, stock market, investing, trading, economics, mutual funds and hedge funds. Site statistics:Click here
Hedge Fund Tracking: Blue Ridge Capital's 13F (John A. Griffin) 2008-08-19 09:31:00 (Note: Before reading this update, make sure you check out the preface to the series I'm doing on Hedge
Fund 13F's here).The 13F breakdowns are really flowing now and if you've missed them, I've already covered Jeffrey Gendell's Tontine Partners here, Bret Barakett's Tremblant Capital here, and Peter Thiel's Clarium Capital here. Next up, we have one of my personal favorites: Blue Ridge Capital ra Read more:Tracking
, Griffin
, Hedge Fund
Hedge Fund Tracking: Tontine Partners (Jeffrey Gendell) 13F 2008-08-18 15:58:15 (Note: Before reading this update, make sure you check out the preface to the series I'm doing on Hedge
Fund 13F's here)Well, its time for us to get a little peak at what the big boys have been up to over the past few months. While most 13f's won't come out until later in the week, Jeffrey
Gendell's 13F is already out so let's get right to it. If you're unfamiliar with Gendell and his Tontine Pa Read more:Tracking
, Hedge Fund
, Partners
Hedge Fund Tracking: Clarium Capital's 13F (Peter Thiel) 2008-08-18 12:08:45 (Note: Before reading this update, make sure you check out the preface to the series I'm doing on Hedge
Fund 13F's here).Next up, we have Clarium Capital. Clarium is a $6 billion global macro hedge fund run by Peter
Thiel, the co-founder of PayPal. Although they had a rough July (-6.8%), Clarium is still up over 45% year to date. Assets under management have recently ballooned to the highest am Read more:Tracking
, Hedge Fund
Checking in on George Soros (Soros Fund Management) 2008-08-15 18:29:46 The 13F filings from various funds are flying in now and I've been pretty busy sorting through them all. There are certain funds I like to track in depth (analyzing portfolio movements line by line), and others that I just check for major portfolio moves made in the last quarter, to keep tabs on them. Today, I want to touch on the filing by legendary investor GeorgeSoros
. Let's take a quick gla Read more:Management
, George Soros
Farm Real Estate and Cropland Values Soar 2008-08-15 07:39:01 In a complete 180 from my post yesterday about the anticipated rise in foreclosures, I want to highlight a real estate market that is actually bullish: farmland. We all knew the agriculture boom was affecting all aspects of the business. But, with charts from Mark J. Perry's blog, we can see just how big of a boom farmers are experiencing. I'll let the pictures do the talking.Average Farm Real Read more:Estate
, Values
Hedge Fund Tracking: Tremblant Capital's 13F (Bret Barakett) 2008-08-14 14:22:25 (Note: Before reading this update, make sure you check out the preface to the series I'm doing on Hedge
Fund 13F's here)Now we're really starting to see the 13F filings trickle in. Next up, we have Tremblant Capital Group, managed by Bret Barakett. (If his last name sounds familiar, its because his brother, Timothy Barakett, manages fellow macro fund Atticus Capital, whom I also track). Taken f Read more:Tracking
, Hedge Fund
The Long and Winding Road (of Foreclosures) 2008-08-14 11:18:00 Taken from Credit Suisse, we see just how long and winding the path of destruction really is. Adjustable Rate Mortgage Resets will be an ongoing source of pain for many Americans. Americans who signed up for ARM mortgages did so because of the low teaser interest rates they were receiving. And, eventually, these teaser rates revert back to much higher rates. Many Americans will not be able to Read more:Winding
, Foreclosures
Boone Pickens Hedge Fund (BP Capital) Has Rough July 2008-08-14 07:48:00 From Reuters:"The commodity half of oil tycoon T. BoonePickens
's BP Capital hedge fund lost 35 percent of its value in July, the New York Post said, citing sources."Ouch. Sounds as if old T. Boone needs to spend a little bit less time campaigning for his PickensPlan, and a little more time running his hedge fund. (Okay, maybe that's a little harsh considering he is poised to make big $$$ should Read more:Hedge
, Hedge Fund
, Rough
World GDP Vs. Oil Production 2008-08-13 12:45:27 This chart is about as simplistic as it gets. Hat tip to Barry Ritholtz over at The Big Picture for posting up what he aptly calls "A Chart of the Decade." Many of the energy themes I've discussed here before stem from one very basic chart.(click to enlarge)Source: ITF Interim Report on Crude Oil
Read more:World
, Production
, Oil Production
The U.S. Dollar Going Forward 2008-08-13 07:58:00 Courtesy of the Federal Reserve Board we see an interesting chart depicting the decline of the US Dollar
as well as its impact on the price of crude oil. Seeing the price of crude oil charted in other currencies really puts into perspective just how much the weak dollar has helped commodities. Sure, much of the commodity story has been fundamentally driven. But, the dollar has undoubtedly playe Read more:Going
, Forward
About That Time Again: Hedge Fund Activity (13F's) 2008-08-12 12:03:06 (Just FYI: This post marks the first of a series I will be doing in the coming weeks that details what the "smart money" has been up to lately.)Four times a year, hedge funds & asset managers with > $100 million AUM (assets under management) are required to report to the SEC their holdings from the previous quarter. I check these 13F filings quarterly just to get a sense as to where these fund Read more:Hedge
, Hedge Fund
, Again
, Activity
A Tease From Blue Ridge Capital and Lone Pine Capital 2008-08-12 07:03:00 Get ready for a barrage of information as the various 13G, 13D, and most importantly 13F's are filed with the SEC by the various hedge funds in the coming days. Right now, we're just getting a little tease from Blue Ridge Capital (John Griffin) and Lone Pine Capital (Steve Mandel), before they release their 13F's later in the week.- Blue Ridge Capital, in a 13G filed yesterday, disclosed they now Read more:Tease
Investment Scenarios: Inflation vs Deflation 2008-08-11 09:35:01 I've said all along that you need to be thinking ahead and preparing your portfolio for various potential economic and market scenarios. And, I've roughly broken down these scenarios into two environments: inflationary & deflationary. So, after much reading, pondering, and hypothesizing, I've come up with my broad gameplan for each scenario.Inflation
ary EnvironmentIn an inflationary scenario Read more:Scenarios
Quote of the Week (8/11/08) 2008-08-11 08:54:50 This week I'll throw a bit of a contrarian quote out there."When most people share the same sentiment, that is usually when trends change."The rally we've slowly been mounting has been putting in higher lows as it approaches overhead resistance at the moving averages. I personally still feel this is just a minor rally within a broader bear market. For a trade, it makes sense to be long here if t Read more:Quote
Potash (POT) Sitting on Long Term Trendline 2008-08-08 15:54:35 I've been seeing a lot of people concerned about the action in the agriculture sector, namely fertilizer stocks. Just wanted to post up that while yes there is some concerning action in those stocks, the long term trendline is still in tact. And, that's all I'm concerned about. We all know these companies are still firing on all cylinders, as evidenced by the blowout quarters they just reported Read more:Sitting
, Long Term
Quotes From Hedge Fund Manager Paul Tudor Jones 2008-08-08 08:17:26 Paul Tudor
Jones is one of the most successful global macro fund managers out there. He manages in excess of $17 billion at his hedge fund, Tudor Investment Corp. Although these quotes are older (taken from around 2000), they are very generalized and still serve as great advice for any investor/trader."I'd say that my investment philosophy is that I don't take a lot of risk, I look for oppor Read more:Hedge
, Hedge Fund
, Quotes
Rough July for Macro Funds 2008-08-07 16:57:48 Oh, how the fruits of success can come back and force-feed you some humble pie. Many macro strategy hedge funds savored their gains during the first half of the year as their large bets on long energy, short financials paid them off handsomely. July, on the other hand, was a different story. As oil retreated and numerous financials rallied, macro funds took it on the chin.Peter Thiel's Clarium Read more:Rough
, Macro
, Funds
A Tale of Two Tiger Cubs 2008-08-07 08:00:12 And this is exactly why I love tracking 'offspring' of investing legends like Julian Robertson. Although both Andreas Halvorsen of Viking Global and Stephen Mandel of Lone Pine Capital both learned the tricks of the trade under Robertson in their time at Tiger Management, both have taken what they've learned and added their own spice to the value oriented, yet growth at a reasonable price (G.A.R.
Macro Takeaways 2008-08-06 13:42:08 Courtesy of Commodity News and Mining Stocks, Salida Capital (a multistrat hedge fund that has seen compounded annual returns in excess of 50%) is out with some very simple macro bullet points that effectively summarize what we're witnessing.1. The housing crisis in the US is deflationary2. It will be met with unparalleled monetary and fiscal stimulus3. The end result will be another round of refl Read more:Macro
Crude Oil 2008-08-06 10:57:02 Contrahour has a very simple chart up showing the technical weakness crude is exhibiting. The chart implies that a re-test of the $100 is imminent. Notice how on the most recent test of $120 that oil is not springing off support as it should. Instead, it is lingering about, suggesting it wants to trade even lower. In early June, when hitting the same support level, buyers rushed in and crude s Read more:Crude
Poll: Which Broker to Use? 2008-08-05 14:32:46 I'd appreciate it if readers could help me out here. On the right side of the main page I've started a poll, asking which Broker
age to switch to. Right now I have numerous accounts, but the portfolio I blog about is currently at Zecco. I'm thinking about switching to another discount broker but am having a tough time deciding. I'm mainly looking for a broker who has a decent platform and can g
I.O.U.S.A. Movie Trailer 2008-08-05 10:41:50 Hat tip to Howard Lindzon who twittered this movie trailer about the U.S. deficit. I love the Ron Paul cameo in there as well, that guy speaks the truth.Interesting timing though as it releases in a few weeks.
Read more:Trailer
Harbinger Capital At It Again 2008-08-05 09:12:22 Well, looks like Falcone and his Harbinger Capital is at it again. While this technically occurred last week while I was gone, I still want to highlight it. Harbinger has been building up a 6.6% stake in Sunoco (SUN). They make mixed petroleum products and petrochemicals so I have to wager this is a play on oil prices coming down. They filed this as a 13G which was curious, because it means th Read more:Again
The Perfect Storm 2008-08-04 09:21:48 Taken from Epoch, I just wanted to highlight this great slideshow about the perfect US Economic storm we are seeing currently. This is the largest I could get the text, so on some slides you will want to right click on the slideshow and select 'zoom in' to be able to read everything. Enjoy.The Perfect
Us Economic Storm
view presentation
Quote of the Week (08/04/08) 2008-08-04 09:11:21 Sorry for the disappearing act last week, I had to go out of the country unexpectedly. But, I am now back and posting will continue as scheduled. As usual, we'll start off with this week's quote of the week:"Buy and hold is dead."This market is maniacal to say the least. If you want to profit, you've got to be nimble and seize your opportunities. I'm not saying you need to be a daytrader. But Read more:Quote
McDonald's (MCD) Continues to Dominate 2008-09-11 07:55:01 As I mentioned in my post about a deteriorating consumer environment here, I think McDonald
's is shaping up to be an excellent play. Earlier in the year, McDonald's (MCD) was touted as a "weak dollar" play due to their extensive international exposure and the massive currency gains they were posting from the exchange rates worldwide. But, things have changed in six months time. Nowadays, a rece Read more:Dominate
Technical Analysis: Charts With Solid Risk/Reward 2008-09-10 19:33:48 Just wanted to breeze through some charts really quick, since it's been a while. Time for some good old technical analysis. Ok, right to it. BJ's Restaurants. Simply put, this place is a clusterf*ck. They're facing rising input costs and slower dining traffic. As I've written about here and here, the consumer environment just isn't that hot right now. In fact, its accelerating to the downsi Read more:Technical
, Analysis
, Charts
, Solid
Ken Heebner to Start Hedge Fund Wayfarer Capital 2008-09-10 11:48:09 Ken Heebner, manager of the renowned CGM Focus Fund (CGMFX) and other mutual funds, is set to start a hedge fund. In a regulatory filing made in August, it was revealed that Heebner is starting a new firm, Wayfarer Capital LP. So far, the fund has raised around $73 million, with Heebner targeting $5 billion for his new fund. Heebner employs a macro investment strategy, trying to capitalize on e Read more:Start
, Hedge
Hedge Funds & Alternative Asset Management Industry Aren't What They Used to Be 2008-09-10 09:38:01 Roger Ehrenberg is out with a thought provoking piece over on his site, Information Arbitrage. In it, he discusses the tough times facing hedge funds and the simple root of the cause. Here's an excerpt:"Many recent mega-losses aren't the case of simply taking the long view and getting stung by short-term volatility; this is getting carried out because of either too much leverage (the most preval Read more:Hedge
, Funds
, Alternative
, Asset
, Management
, Hedge Funds
George Soros on Oil 2008-09-09 10:19:00 If you missed it, GeorgeSoros
talked about oil in his testimony before the US Senate Commerce Committee Oversight Hearing. Read his thoughts here.
Read more:George Soros
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