Market Folly

Tremblant Bets on Tech Sector

thanks user 6655321!

Tremblant Bets on Tech Sector

thanks ArtfulDodger glad you enjoyed

Goldman Sachs Updates Its Conviction Buy List

Emerald, yes such disclosures would be forward progress in an industry in increasing need of them. I'd imagine that all of this crisis has sparked a ton of change coming in the forms of regulation and disclosures. Unfortunately, I'm not sure if trading disclosures will be at the front of the list. Sigh. Yet another thing to address in the future.

Goldman Sachs Updates Its Conviction Buy List

good point Andrew, the quick money is always already made on these. Was just presenting them for those who like to get up to date view points over the long-term prospects. Analyst moves can swing a stock on that day and it's always best to pick up the shares on a pullback if they interest you.. good point.

Shumway Capital: Visa Is Top Holding

Paul, thanks very much... glad you find it useful.

Maverick Capital's 13F Filing for Q408

thanks for the comment. They added to their BRK-A position, so they added the A shares. Then they reduced their position in BRK-B, the B shares. The article should say BRK-B under the "reduced" column. I apologize for any confusion and I'll notify SA to edit this. Thanks.

Hedge Fund Portfolio Tracking: Renaissance Technologies (Jim Simons), Q3 2008

DMoser, completely agreed. And that's why we have listed a note in the article saying that tracking Renaissance by 13F is not really useful, but more for fun since people are interested in what they are doing. Perhaps we should have made the note in bold or more prevalent, but there is one within the article. Thanks for the comment, we'll make it bold next time around.

Hedge Fund Portfolio Tracking: Renaissance Technologies (Jim Simons), Q3 2008

Rolex18K: We've selected a list of managers who have a *proven* track record of long term outperformance. We're merely providing a resource for investors who wish to get inside these manager's heads. It can be tedious to go through and calculate % changes from quarter to quarter for each hedge fund, having to go line by line, position by position. We're simply trying to save investors some time who want this information. If it is not of use to you, then don't use it.

Also, you'll probably be interested to know that you *CAN* make money simply by mimicking their portfolios, as Mebane Faber has proved with his Alphaclone. Portfolios constructed using selected managers with proven outperforming track records have outperformed the s&p. Mebane's done great work, for instance tracking 'Tiger Cub' funds who we track on our blog. If you had selected a portfolio combo of their holdings, you would have outperformed the markets by 12% a year. You could also hedge the portfolio with a s&p hedge and then go long the various holdings and you could see the following results: Annualized Return: 13.5%, Volatility: 16.1%, MaxDD: -23.9%.

So, while you're entitled to your opinion that it does not work, there is a ton of numerical evidence that it indeed does work. But, in the end, we're simply providing a resource for investors. Thanks for your comment.

What Are Some of the Best Hedge Fund Managers Doing?

good list of funds to follow, i track numerous of the same ones. if anyone wants, we cover hedge fund activity each quarter on my blog and list the detail percentage change in each position for each fund: www.marketfolly.com and then just type in a fund in the search bar

Hedge Fund Tracking: Lee Ainslie's Maverick Capital, Q3 2008

maverick as in the dallas mavericks i believe... as the fund's capital founders were based in dallas

Hedge Fund Tracking: Tremblant Capital

edward lord clarendon.

hedge fund 13f filings with the SEC only report LONG holdings. so if they added, they added to their long. if they reduced, they sold off some of their long. they are not required to report short positions.

kind of common knowledge regardless though, that when funds in general talk about "holdings" they are referring to their longs.