If you are one of the unlucky few forced to buy and sell stocks for a living, based on some sort of "analysis", be it fundamental, technical, lunar, sun-spot, haruspicate , or on any other divination of the future, you have our condolences. That said, should you find yourself in this sad predicament, more than anything you probably want to know if what you are buying (having made the decision to buy it, or heaven forbid, short) is the right stock based on what other BSDs, aka hedge funds are buying, i.e., if the name you have shorted has 95% short interest and is about to go up by 10,000% overnight after yet another Goldman "conviction buy" upgrade-based short squeeze, if hedge fund groupthink momo cliques are about to bail en masse from the latest and greatest "sliced bread" stock, and many other such considerations. Well, you are in luck, Goldman's David Kostin has just released his quarterly hedge fund trend monitor, and it is chock-full of tens of charts of valuable information.
One daunting aspect of Zero Hedge is the simply explosive mass of content that the site distributes.
Who's up and who's down in the hedge fund world, courtesy of HSBC. Owl Creek, Harbinger, Marathon and Third Point doing good. Bill Ackman's Pershing Square, not so much.
Doctor Doom is now Doctor Flat, which is how he sees the market in 2010.
2010 is not proving to be an auspicious start for the Paulson & Co. multi-billionaire (or any other hedge fund manager for that matter)
11:37 01/21 OBAMA PROPOSES WIDER LIMITS ON NON-DEPOSIT FUNDING SOURCES 11:37 01/21 OBAMA BAN WOULD PREVENT BANKS OWNING,INVEST IN HEDGE/EQ FNDS 11:37 01/21 OBAMA PROPOSING RULE LIMIT COMM BANKS FROM PROP TRADING 11:37 01/21 OBAMA:WANT BAN BANKS FROM OWN,INVST,SPONSR HF,PRIV EQTY FNDS 11:37 01/21 SR ADMIN OFFL: NOT PROPOSING RETURN OF GLASS-STEAGALL ACT 11:37 01/21 ADMIN OFFL: AUTH TO PREVENT RISKY BEHAVIOR ALREADY IN HSE BILL 11:37 01/21 ADMIN OFFL:INAPPROP BANKS PROFIT WHILE SUBSIDIZED BY TAX PAYER 11:37 01/21 SR ADMIN OFFL: PROPOSALS KEY TO DEALING W/TOO-BIG INSTITUTIONS 11:37 01/21 SR ADMIN OFFL: WANT CONGRESS TO ADD PROPOSALS TO REFORM PACKGE 11:37 01/21 SR ADMIN OFFL:BAN ON PROP TRADE ALSO APPLY TO BANK HOLDING COS 11:37 01/21 ADMIN OFFL:WANT REGULATORS TO BE REQUIRED TO STOP PROP TRADING 11:37 01/21 SR ADMIN OFFL: WANT TO PREVENT EXCESSVE CONCENTRATN IN FIN SYS 11:37 01/21 SR ADMIN OFFL: WANT BANKS TO FOCUS ON CORE BUSINESS, LESS RISK 11:37 01/21 SR ADMIN OFFL: WANT TO 'DISINCENTIVIZE' USE OF RISKY LEVERAGE 11:37 01/21 OBAMA:WANT BROADER LIMITS ON LIABILITY MKT SHARE EXCESSV GRWTH
11:37 01/21 OBAMA PROPOSES WIDER LIMITS ON NON-DEPOSIT FUNDING SOURCES 11:37 01/21 OBAMA BAN WOULD PREVENT BANKS OWNING,INVEST IN HEDGE/EQ FNDS 11:37 01/21 OBAMA PROPOSING RULE LIMIT COMM BANKS FROM PROP TRADING 11:37 01/21 OBAMA:WANT BAN BANKS FROM OWN,INVST,SPONSR HF,PRIV EQTY FNDS 11:37 01/21 SR ADMIN OFFL: NOT PROPOSING RETURN OF GLASS-STEAGALL ACT 11:37 01/21 ADMIN OFFL: AUTH TO PREVENT RISKY BEHAVIOR ALREADY IN HSE BILL 11:37 01/21 ADMIN OFFL:INAPPROP BANKS PROFIT WHILE SUBSIDIZED BY TAX PAYER 11:37 01/21 SR ADMIN OFFL: PROPOSALS KEY TO DEALING W/TOO-BIG INSTITUTIONS 11:37 01/21 SR ADMIN OFFL: WANT CONGRESS TO ADD PROPOSALS TO REFORM PACKGE 11:37 01/21 SR ADMIN OFFL:BAN ON PROP TRADE ALSO APPLY TO BANK HOLDING COS 11:37 01/21 ADMIN OFFL:WANT REGULATORS TO BE REQUIRED TO STOP PROP TRADING 11:37 01/21 SR ADMIN OFFL: WANT TO PREVENT EXCESSVE CONCENTRATN IN FIN SYS 11:37 01/21 SR ADMIN OFFL: WANT BANKS TO FOCUS ON CORE BUSINESS, LESS RISK 11:37 01/21 SR ADMIN OFFL: WANT TO 'DISINCENTIVIZE' USE OF RISKY LEVERAGE 11:37 01/21 OBAMA:WANT BROADER LIMITS ON LIABILITY MKT SHARE EXCESSV GRWTH
Top 10 hedge fund performers in December: York, Moore EM, Russian Prosperity Fund (yes, the same fund that was scraping the bottom of the barrel a year ago), Paulson Credit, Castlerock, Moore Global, SR Global, Platinum, Paulson Enhanced and Owl Creek. Notable 2009 performers: Paulson Credit: 34% York: 45% Maverick: 24% Moore Global: 22% Tudor: 15% Brigade: 40% Davidson Kempner Distressed: 45% Brevan Howard: 19% Also, the number of hedge fund reopenings and launches surges. It is good to see that the hedge fund crew has not lost its market top-ticking skills after a year of disuse.
The latest from ICAP's Nic Lenoir. In other news, after two weeks of on again-off again posting, Zero Hedge is back in full force tomorrow.
As you may or may not know, Zero Hedge is in the process of developing a number of premium offerings for 2010.
Tuesday, February 23, 2010
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