This post was created on 6/30/2019 stay tuned for updates up to several times a day! As always we REALLY really appreciate legal letters and tips on hedge funds from our readers regardless of fund size. How is this different than SecurityAnalysis? We have a lot more (on funds both large [...]
David Einhorn's Fund of Funds hedge fund, Greenlight Masters returned 11.6% for the first six months of 2019, net of all fees and expenses. While the fund underperformed the S&P 500 index, which returned 18.5% over the same period, several of the managers in the portfolio returned over 20%, with [...]
Each year, high-net-worth families spend huge sums preparing their assets for transition to their heirs, engaging high-powered estate and tax planners who set up complex vehicles like family limited partnerships, life insurance, charitable remainder, charitable lead and various other kinds of trusts. Yet, despite the best efforts of top-notch [...]
Don’t fall for claims by highly respected asset managers that factor-based investing isn’t working. Factor-based strategies have outperformed capitalization-weighted indices over long time horizons. Q2 hedge fund letters, conference, scoops etc rawpixel / Pixabay The May 28, 2019, Institutional Investor article, Why Factor Investing Isn’t Working, began by noting, “Pension funds and [...]
I’d argue that a typical investor believes the following–In the past and over the long run, stocks outperformed bonds.(1) Q2 hedge fund letters, conference, scoops etc However, as highlighted here, an academic paper last year shows that the majority of individual U.S. stocks actually lost compared to Treasury Bills (i.e. the [...]
“The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice. The central message of this paper is that [...]
This is part four of a series on some of Wall Street's biggest frauds and how to avoid them. Click here for part one on the "Wolf of Wall Street" and microcap stocks. Click here for part two on pre-IPO scams. Click here for part three on precious metals [...]
The longer the current bull market lasts, the more often we hear concerns about similarities between the current market environment and past periods of turbulence. In a letter sent to investors in June, part of which was reviewed by ValueWalk, Paul Tudor Jones compared the current situation involving share [...]
GreenWood Investors letter to investors for the second quarter ended June 30, 2019, titled, "Pent-Up Alpha." Q2 hedge fund letters, conference, scoops etc Dear GreenWood Investor: Our quarterly performance, in addition to our performance over the past 6, 12 and 18 months, is not acceptable. The underperformance this year reflects irrational prices [...]
Angelo Gordon's AG Super Fund was up 0.4% for the second quarter and 0.8% for July. In their second-quarter letter to investors, which was reviewed by ValueWalk, the fund's management cited "mark-to-market losses on a number of idiosyncratic positions" for the low Q2 returns. Q2 hedge fund letters, conference, scoops [...]
Israel Englanders's Millennium Management, one of the world's largest hedge funds, was one of the few funds that outperformed in 2018, the worst year for the industry since 2011. Last year the fund gained 5% compared to the industry average of -2.15%. Q2 hedge fund letters, conference, scoops etc Goumbik / [...]
RGA Investment Advisors commentary for the second quarter ended June 30, 2019. Q2 hedge fund letters, conference, scoops etc The second quarter was a little choppier than the first quarter, with an upward bias in the end. Markets largely spent time digesting the magnitude of the moves from the fourth quarter [...]
Alluvial Fund performance update for the month ended July 31, 2019. Q2 hedge fund letters, conference, scoops etc Dear Partners and Colleagues, Alluvial Fund, LP returned -0.9% in July, compared to 1.4% for the S&P 500 and 1.5% for the Russell 2000. Year-to-date, Alluvial has returned 13.3% versus 20.2% for the S&P [...]
The world’s GDP still grew a healthy 6.9% in 2018, up from $80.2 trillion in 2017 to $85.8 trillion. Nearly half of this growth came from the world’s two largest economies: the United States, at $20.5 trillion (up 5.4% from 2017), and China, at $13.6 trillion (up 10%). However, [...]
FORECASTS & TRENDS E-LETTER Q2 hedge fund letters, conference, scoops etc by Gary D. Halbert August 20, 2019 IN THIS ISSUE: 1. Mainstream Media Wants Recession to Get Rid of Trump 2. July Retail Sales – Consumers Tune Out Global Slowdown 3. Temporary Treasury Yield Curve Inversion Rattles Markets 4. Dirty Little Secret: Stocks Tend to Rise [...]
There are two periods in history that might help as a guide to navigating current markets, according to legendary investor and trader Paul Tudor Jones. Q2 hedge fund letters, conference, scoops etc In a letter to investors of the Tudor Investment Company (more…)
This article is written and researched by Amrit Mark Brar & Thillai Palanichamy. Q2 hedge fund letters, conference, scoops etc sarangib / Pixabay India comprises of 60% rural population to which formal banking services are completely inaccessible and fall prey to informal banking sector. With an aim to reaching out to the [...]
Our animated chart this week uses data from the ninth Credit Suisse Global Wealth report, which ranks countries by average wealth, calculated as gross assets per adult citizen. Q2 hedge fund letters, conference, scoops etc While using such a metric certainly gives a quick snapshot of wealth per capita, it doesn’t [...]
Ninety years ago this very month—August 1929—most stock investors thought they’d never had it so good. By November, they thought they’d never had it so bad. They were pretty much right on both occasions, though things would get a lot worse before they got better. Amid today’s gyrating stock [...]
The new pipeline capacity will cause WTI to rise as shipping costs are lowered materially. Q2 hedge fund letters, conference, scoops etc Davidson submits: E&P Activity at a high, E&P Efficiency stalls a little. The data for these indices have a 2mo lag. Key to this data is the recent stall in [...]
"Today," Seth Klarman wrote in his 1991 book, The Margin of Safety, " many financial market participants, knowingly or unknowingly; have become speculators." This is where most investors "stumble" according to the value investor. Q2 hedge fund letters, conference, scoops etc If you’re looking for value stocks, and exclusive access to [...]
ValueWalk's Raul Panganiban interviews Andrew Chanin, CEO at ProcureAM and Micah Walter-Range, president of Caelus Partners. In this part, Andrew and Micah discuss what led them to the ETFs industry, how they started their career in space, investing from a global macro perspective, the benefits of ETFs, and the role [...]
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