Saturday, January 24, 2009

YTD Hedge Fund Performance

Despite it being only 20 days into cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 year, some hedge funds have already posted cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir performance. Some notable YTD performers:

Stratus Fund: 1.81%
Traxis Fund: -5.71% (We hope Barton Biggs' book profits are better than his hedge fund's)
Moore Global: 2.21%
Moore Emerging Markets: -1.62%
Drawbridge: 1.61%
Caxton Global: 3.03%
Brevan Howard: 1.92%
Bluecrest: 7.47%
Galleon Buccaneer: 7.34%
Galleon Diversified: 5.55%
Raptor Global: -0.44%
Renaissance Inst. Equities: -2.76%
Eminence: 4.00%
Viking Global: 2.41%
Maverick: 1.48%
Horseman Global: 1.34%
Satellite Overseas: 1.05%
Marathon Overseas: 0.75%
Marathon Special Opps: 1.00%
York: 0.30%
Third Point: 0.10%
Davidson Kempner: 0.20%
Lampe Conway: 0.50%
Canyon: 2.88%
QVT: 1.70%
Millennium: 1.82%
Deephaven: 1.70%
Bluecrest: 6.31%
Artridis Barracuda: 0.66% (All time winner in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 cool sounding name category)
Drake Global: 2.90%

And of course Russian focused funds which are already down enough to make Ashley Dupree blush.

What does one notice when looking at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se numbers? Well, for one, that everyone is up. WTF? The market is down 8% YTD and 90%+ of all hedge funds are up??? This implies that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 hedge fund bandwagon has been fully reconstituted, this time with one massive short bet. We can't wait for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 inevitable VOW-like short squeeze once cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 first guy in line starts covering. Anocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r thing is that if every hedge fund is making money, who is losing it? It is not retail, cause most retail investors are eicá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r fully invested in Mattress Onshore Fund LP or buying Treasuries, so it leaves mutual and pension funds. And while we don't doubt cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 last two are suffering a lot, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re has to be something very shady with such HF performance. But that is what one has to expect when your survival is measured in monthly if not weekly performance updates: someone will always find cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 loophole to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 system. Sphere: Related Content
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2 comments:

Anonymous said...

May I refer you to your own article on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 official employment rate of 7.2% dtd. 1/22/09. Perhaps cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y have hired cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same team os accountants cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government uses. I wonder how many of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 funds would want to lock in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se modest gains for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 entire year.

Crocodilian said...

"What does one notice when looking at cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se numbers? Well, for one, that everyone is up. WTF?"
----------------------

Does "selection effect" ring a bell?

"Despite it being only 20 days into cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 year, some hedge funds have already posted cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365ir performance."


Who chooses to post interim numbers? Funds that are doing well? Or funds which are performing badly?

Unless cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se same funds routinely give you 20 day performance updates, one can't read much into this.