Fluctuations
Article By:
Marvin R Clark
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Thursday, October 2, 2014 4:49 AM EDT
Markets fluctuate; to paraphrase a line from J.P. Morgan, or maybe John Rockefeller. “Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” That’s a quote from Warrant Buffet.
$6 Billion Activist Fund Relational Liquidating: Here Are Its Top Holdings
Article By:
Tyler Durden
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Wednesday, October 1, 2014 4:26 PM EDT
Today brings the latest hedge fund unwind, with the WSJ reporting that $6B veteran acitivist hedge fund Relational Investors plans to wind down its operations and dissolve its current funds by the end of next year.
Technical Tuesday – Rejected, Rejected, Rejected!
Article By:
Phil Davis
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Tuesday, September 23, 2014 9:16 AM EDT
So much for 2,000 holding. Fortunately, our Big Chart kept us cautiously bearish into the weekend and the hedges in our Short-Term Portfolio functioned perfectly, gaining $13,000 on the day and completely offsetting the drop of $8,000 in our Long-Term Portfolio.
The Finer Points Of Hedging… Or Not
Article By:
James Picerno
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Tuesday, September 23, 2014 8:41 AM EDT
Barry Ritholtz asks the right question—Why hedge?–in the wake of last week’s announcement that California Public Employees’ Retirement System, the elephant in the room in the world of pension funds, is ending its decade-long experiment with hedge funds.
Two Questions On Fixed Income From The Mailbag
Article By:
David Merkel
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Sunday, September 21, 2014 2:51 AM EDT
Questions about Pimco strategy, and what's the story with Treasury rates
In this article: TLT
Is CALPERs Making A Huge Mistake?
Article By:
Roger Nusbaum
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Thursday, September 18, 2014 4:42 PM EDT
CALPERs, the huge pension for California state employees, made news with its latest investment policy shift where it will completely divest its hedge fund exposure over the course of the next year.
Outside The Box: “Finest Worksong”
Article By:
John Mauldin
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Thursday, September 18, 2014 1:18 PM EDT
The Fed bought trillions of dollars in assets … and saved the world. Sort of. If you don’t count the reckoning yet to come.
Thrilling Thursday – S&P 2,000…. Again…
Article By:
Phil Davis
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Thursday, September 18, 2014 9:39 AM EDT
Despite the HUGE rally signals, I remained skeptical and said we needed to confirm 17,160 on the Dow and 11,000 on the NYSE before we even began thinking of looking for our real bullish goals of 1,200 on the Russell and 17,600 on the Dow.
Making Systematic Risk Disappear, Not
Article By:
David Merkel
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Wednesday, September 17, 2014 7:50 AM EDT
Yesterday I was at a conference for Registered Investment Advisors. There were about 11 of us in the room, and a variety of different parties pitched us on their services. Some of the pitches were harder, most were softer.
Wall Street At Work Aggravating Risk—-Would You Like Some Leverage On Them Junk Bonds!
Article By:
David Stockman
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Saturday, September 13, 2014 1:09 PM EDT
As highlighted in the Bloomberg piece below, fund managers are still insisting on a 10%+ return, but not by buying fewer over-valued junk bonds. No, they are just buying them on leverage in order to goose the yield on their own capital at risk.
Argentina Plans Bill To Side-step US Court Decision
Article By:
Daily Forex
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Friday, September 12, 2014 3:58 PM EDT
In 2001, the Argentinian economy was deeply mired in a crisis which ended with a sovereign default when the nation was unable to meet its commitments.
Bubble Forming In US Middle Market Leveraged Finance
Article By:
Sober Look
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Friday, September 12, 2014 3:15 AM EDT
US middle market leveraged buyout (LBO) transactions are becoming increasingly frothy. According to the latest data from Lincoln International, risk-return fundamentals in the space are worse than they were in 2007.
Currency Hedged Stock ETFs Can Protect A Diversified Portfolio
Article By:
Gary Gordon
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Thursday, September 11, 2014 4:05 PM EDT
The U.S. economy has been growing at an annualized pace of roughly 2% since the current expansion began in June of 2009. Gross Domestic Product for the first half of 2014 hovered around a paltry 1%.