It’s a volatility trader’s market, Dan Loeb’s hedge fund, Third Point, said in a fourth quarter investor letter, as he noted key structural concerns with the economy. Dan Loeb says managing volatility became as important as stock selection in 2014 From Third Point’s perspective, it is managing volatility and risk, not stock selection, which “has proven to be almost as important as good stock-picking in generating investment returns.” While Dan Loeb derided volatility – by its own admission the hedge fund is fund’s “mediocre” 2014 results, near 6 percent return, “were due to a combination of poor trading during market volatility…
Dan Loeb Sees Old Rigs As Great Shorts, As He Dodges Bullets In 2014
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.