famous hedge fund returns this yr

Discussion in 'Wall St. News' started by SethArb, Oct 27, 2006.

  1. I thought this was an interesting comment:

    "``Macro managers have a habit of falling in love with the big-picture thematic view,'' said Philippe Bonnefoy, head of Geneva-based Cedar Partners Investment Management Ltd., a hedge- fund firm that's opening a macro fund. ``The problem is that not every theme is linear.''

    For example, Bonnefoy expects oil to eventually reach $100 a barrel. He's not, however, betting on a price-rise right now. ``Macro managers must also be traders,'' he said."

    Hasn't this been the flaw of so many old-line macro managers? It's not so much about being right, as being right at the right time. Also let's face it, these guys are getting pretty old - it's inevitable that they have lost their touch, or changed the purpose or direction of their funds.
     
  2. toc

    toc

    For example, Bonnefoy expects oil to eventually reach $100 a barrel. He's not, however, betting on a price-rise right now. ``Macro managers must also be traders,'' he said."

    Although hard and confusing to learn, but Elliot Wave, Gann and Market Geometry are a great help in taking macro positions.......although after the fact !!!!!!!!!
    :D :D :D :D :D :D
     
  3. blk

    blk

    "Investors in hedge funds overseen by George Soros, Louis Bacon and Paul Jones would have made more money this year by buying shares of a stock-index mutual fund. "

    What kind of a statement is that? If they knew before the fact, then why didnt they???
     
  4. Yet you can't really knock anybody based on 1 yrs worth of returns - 1yr is more a measure of luck than skill imho.