Silver as an investment

Category Archives: hedge funds

Bloomberg Pronounces The Early Death Of The Traditional Long-Short Hedge Fund Model

Bloomberg has apparently just taken it upon itself to pronounce the early, unceremonious demise of the traditional Long/Short Hedge Fund model after seemingly declaring that stocks will continue to march higher in perpetuity, with minimal volatility, thus rendering traditional financial analysis and stock picking about as obsolete as a Motorola pager from 1982.  Of course, […]

Is Bridgewater A Fraud? Here Are The Troubling Questions Posed By Jim Grant

Jim Grant, author of Grant’s Interest Rate Observer, first hinted last week that not all is well when it comes to the world’s biggest hedge fund, Ray Dalio’s $160 billion Bridgewater (of which one half is the world’s biggest risk-parity juggernaut). Speaking to Bloomberg last week, Grant said he was “bearish” on Bridgewater because founder […]

Fed’s Massive QE is Ending – Here Comes the Boom! By Michael Carino

The Federal Reserve has manipulated bond prices for the last 10 years.  Yields in the US and abroad are lower now than during the Great Depression – a period in time that could justify such low yields.  For those with short memories, bond markets are more expensive than before and right after the financial crisis […]

Dan Loeb: “None Of Our Early Predictions Have Come To Pass”

Below are some key highlights from Third Point’s latest Q2 letter, in which we find that Dan Loeb, despite some early market turbulence and thesis drift, has again managed to do what 95% of his peers have been unable to do, outperforming the S&P YTD and returning 10.7% through June 30, up 4.6% in the […]

“Fire” in the Bond Market – Fed Raising Rates and US Issuing Ultra Long Bonds – by Michael Carino

  The bond market is on fire and you are about to get burned!!!  Bond yields are lower and interest spreads as tight or tighter than that of the bond market crisis of 2008.  This will lead to a catastrophic financial train wreck that can happen at any moment.  Why do I feel like I’m […]

The Last Time Hedge Funds Were This Short, Small Caps Plunged 30%

zerohedge.com / by Tyler Durden / Jun 5, 2017  3:25 PM The Russell 2000 Index posted a 2.2% decline in May, its worst month since October, and it appears a large swath of investors is now betting it has further to fall. As Bloomberg notes, hedge funds and other major speculators have a combined net short position of 73,030 contracts […]

The Fed Is About To Hike: Why That Is Bullish For Bonds

With the market pricing in near certainty of a June rate hike despite the Fed’s tacit warning that it would like to see evidence the recent economic slowdown is over, a recurring question among trading desks is why aren’t long-dated bonds selling off more, or rather why is the 10 and 30Y seemingly bid the […]

The Simplest Reason Behind Collapsing Volatility: Hedge Funds Are Barely Trading

“Gamma”, “vega“, CTAs, risk-parity, vol-neutral, central bank vol-suppression, the soaring popularity of (inverse) VIX ETFs , and so on: over the past year there have been countless attempts to explain why despite the surging political uncertainty in recent years, and especially since the US election… … global equity volatility, both implied and realized, has tumbled […]

With Paulson Down Nearly Double-Digits, Here Is How Other Hedge Funds Are Doing

zerohedge.com / by Tyler Durden / May 1, 2017 11:36 AM John Paulson’s relentless slide into P&L mediocrity was on highlight today courtesy of an extended profile by the NYT, which reports on the hedge fund manager’s “fall from stardom”, and details his surprisingly poor performance. Here are the highlights: Paulson & Company, has recorded nearly double-digit losses […]

Dear Hedge Funds: This Is Who Is Responsible For Your Deplorable Returns

zerohedge.com / by Tyler Durden / Apr 17, 2017 1:07 PM Over the past several years we have repeatedly stated that despite protests to the contrary, the single biggest factor explaining the underperformance of the active community in general, and hedge funds in particular, has been the ubiquitous influence of the Fed and other central banks over the […]