Seeking Alpha

Louis Bacon's Moore Capital - recently making headlines for returning $2B to investors as it...

Louis Bacon's Moore Capital - recently making headlines for returning $2B to investors as it can't figure out how to create alpha anymore - sells $700M worth of stocks, including all of its holdings of JPMorgan, Wells Fargo, U.S. Bancorp, an Emerging Market ETF (VWO), and Williams Companies (WMB). The fund took new positions in HYG, JNJ, AGO, and troubled Diamond Foods (DMND).
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Comments (5)
  • Old Trader
    , contributor
    Comments (5726) | Send Message
     
    If I'm recalling properly, Moore Capital is a pretty higly regarded macro fund. Interesting that it seems to be bailing on the banks.
    14 Aug 2012, 04:45 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Creating alpha in the public markets is tough. Best to take your chances in the private market, with as much regulatory arbitrage as possible.
    14 Aug 2012, 04:48 PM Reply Like
  • AlexGrice
    , contributor
    Comments (4) | Send Message
     
    I thought he was mainly a commodity trader, was he one of "The Turtle's"...........old commodity experiment...... not sure
    14 Aug 2012, 06:06 PM Reply Like
  • tr4head
    , contributor
    Comments (330) | Send Message
     
    Anybody that doesn't think that EMs (the alternative to the dying, developed world) are the place to be really out to turn in his economic credentials. I won't go into historical PEs or even how they have not outperformed Europe during their unfixable fiscal crisis, but just consider that the biggest companies are investing there for growth. Minimal to NO growth prospects for the Developed world as far as the eye can see. You think our high market values will be sustainable in the face of near recession level growth? You can only profit so much from cutting expenses, then what?
    15 Aug 2012, 02:01 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3458) | Send Message
     
    took some wmb profits today at 34.48
    13 Sep 2012, 01:50 PM Reply Like
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