Tabii Amerika'nin doviz piyasalarina mudahale edecegini zannetmiyoruz. Yine de Paul Tudor Jones'in doviz kurlari konusundaki gorusleri dogru gibi gorunuyor. Bu konu ile ilgili yazimiza Paul Tudor Jones Is Extremely Bullish About Asian Currencies linkinden ulasabilirsiniz. Read More!
Paul Tudor Jones
Tabii Amerika'nin doviz piyasalarina mudahale edecegini zannetmiyoruz. Yine de Paul Tudor Jones'in doviz kurlari konusundaki gorusleri dogru gibi gorunuyor. Bu konu ile ilgili yazimiza Paul Tudor Jones Is Extremely Bullish About Asian Currencies linkinden ulasabilirsiniz. Read More!
Insider Trading Yapilan 5 Hisse
Insider trading is most profitable when several insiders buy around the same time. Academic studies have shown that insider purchases beat index funds by more than 7 % per year when there are several insiders purchasing. Insider Monkey, your source for free insider trading data, compiled the list of stocks where at least two insiders made recent purchases. Here are the stocks with substantial insider purchases:
General Motors (GM): As GM’s stock price fell below its IPO price, several insiders stepped in and purchased modest amounts of shares. Daniel F. Akerson, CEO, purchased 5,000 shares at $31.81. Hedge funds snatched 6% of GM’s outstanding shares and amassed a $3.4 Billion position during the last three months of 2010. There were 112 hedge funds with GM positions at the end of December. John Griffin’s Blue Rigde, William Ackman’s Pershing Square, George Soros, David Tepper’s Appaloosa, Roberto Mignone’s Bridger Management, Richard Perry’s Perry Capital, and Leon Cooperman’s Omega Advisors are among the several high profile hedge funds with GM positions. Read More!
Anil Kumar'in Yalanlari
Seth Klarman Resesyon Bekliyor
Bu konu ile ilgili yazimiza ve Seth Klarman'in yorumlarina Baupost’s Seth Klarman Expects Another Great Recession baslikli yazidan ulasabilirsiniz. Read More!
Hedge Fonlarin Cilgin Gibi Satin Aldigi Enerji Hisseleri
Based on the transactions of nearly 700 hedge funds, we compiled this list of top eight energy companies hedge funds were buying like crazy during the fourth quarter:
1. Exxon Mobil Corp. (XOM): More than 100 hedge funds snatched XOM. They own nearly $4 billion worth of Exxon Mobil shares. Even Warren Buffett has XOM in his stock portfolio.
2. Halliburton Co. (HAL): Halliburton was owned by 85 hedge funds at the end of last year. They increased their holdings from 3% to 4% of the outstanding shares. T. Boone Pickens is extremely bullish about HAL.
3. Schlumberger Ltd. (SLB): Eighty-two hedge funds owned 2% of SLB in the second half of last year. Stephen Mandel’s Lone Pine Capital bought Schlumberger in the most recent fourth quarter and made more than 14% from his nearly $600 million bet. T. Boone Pickens also has SLB in his portfolio. Read More!
Solen Cikolata Yasadi: Bir Kutu Cikolata
Benzer sekilde basarili fon yoneticisi Bruce Berkowitz'in de kullandigi bir cumle kesfettik. Bundan 5-6 ay once David Einhorn Berkowitz'in %30'una sahip oldugu hissenin gercek degerinin bunun cok altinda oldugunu soyleyip aciga sattigi zaman Berkowitz "Einhorn'a bir kutu cikolata gondermek istiyorum" demisti. Niye boyle dedigine simdi deginmeyecegim.
Gecen hafta Bloomberg'le yaptigi bir roportajda St Joe sirketinin yillar once Walt Disney'in kendilerine yaptigi Disneyworld teklifini geri cevirdigini ve bu yuzden de Disneyland'in Orlando'da kuruldugunu anlatiyor. Daha sonra ise "Orlando her gun St. joe'ya bir kutu cikolata gondermeli" diyor. Adam kafayi bir kutu cikolata ile bozmus. Baskalari da Berkowitz'in sirketlerini aciga satmaya baslarsa Solen Cikolata yasadi demektir.
Bu konudaki yazimiza Bruce Berkowitz’s Favorite Gift: A Box of Chocolates adresinden ulasabilirsiniz. Read More!
Dan Loeb'den Canli Yayinda Agiza Alinmayacak Sozler
Dan Loeb bunu ilk kez de yapmiyor, adamin agzi bozuk. Neyse ne tur laflar ettigini Dan Loeb: “Prem Watsa bend over the hedge funds have something special for you” baslikli yazimizdan gorebilirsiniz. Zaten ne tur laflar ettigini yazinin basligindan da anlayabilirsiniz.
Bu arada piyasalarda para kazanmak isteyenlerin Dan Loeb'in yaptigi yatirimlari yakindan takip etmelerini oneririm. Adam ne diyor iyi dinleyin. Bu isi iyi bilen bir kac kisiden bir tanesi. Gidip Roubini'yi dinleyerek bosuna vaktinizi harcamayin. Read More!
Sabah Haberleri
Li Ka-shing’s Hutchison ports unit to raise $5.4 billion (Reuters)
Hong Kong tycoon Li Ka-shing‘s Hutchison Port Holdings Trust (HPHT) priced its Singapore IPO at $1.01 per unit and will raise $5.4 billion from the listing or around 6 percent below its initial expectation, sources familiar with the deal said on Friday. The price for Southeast Asia’s biggest initial public offering was set in the middle of a revised range of $0.99-$1.03 per unit after price guidance was tightened on Thursday, with investors seeking a higher yield amid volatile financial markets. Read More!
2010 Yilinda En Cok Zenginlesen 40 Milyarder
Biz 2010 yilinda Ruslarin ve Asyalilarin bayagi bir zenginlestigini farkettik. Bu konudaki tam siralamaya Top 40 Billionaires Who Made The Most in 2010 baslikli yazidan ulasabilirsiniz. Biz size listede 11-40 arasinda yer alan isimleri verecegiz. Ilk 10'daki kisileri gorebilmek icin yaziyi ziyaret etmeniz lazim.
11 Iris Fontbona & family $19.2 B 8.2
12 Vladimir Potanin $17.8 B 7.5
13 Georgina Rinehart $9 B 7
14 Viktor Vekselberg $13 B 6.6
15 German Larrea Mota Velasco & family $16 B 6.3
16 Oleg Deripaska $16.8 B 6.1
17 Amancio Ortega $31 B 6
18 Robin Li $9.4 B 5.9
19 Jeff Bezos $18.1 B 5.8
20 Horst Paulmann & family $10.5 B 5.5
21 Gautam Adani $10 B 5.2
22 Li Ka-shing $26 B 5
23 Stefan Quandt $10.7 B 5
24 Luis Carlos Sarmiento $10.5 B 4.9
25 Johanna Quandt $9.8 B 4.8
26 Cher Wang & Wenchi Chen $6.8 B 4.8
27 Leonid Mikhelson $9.1 B 4.7
28 Mikhail Prokhorov $18 B 4.6
29 Charles Koch $22 B 4.5
30 David Koch $22 B 4.5
31 Liang Wengen $8 B 4.4
32 Dhanin Chearavanont $6.5 B 4.4
33 Andrey Melnichenko $8.6 B 4.2
34 Christy Walton & family $26.5 B 4
35 David Thomson & family $23 B 4
36 John Paulson $16 B 4
37 Beny Steinmetz $6 B 4
38 Sammy Ofer & family $10.3 B 3.8
39 Richard Kinder $7.4 B 3.8
40 Gennady Timchenko $5.5 B 3.6 Read More!
Bono Fonu Yoneticisi Piyasalar Konusunda Karamsar
I feel the best way to understand today’s investment environment is to realize that the financial crisis and economic contraction are behind us, but so is a good deal of the market recovery. Here are the most important macro considerations.
First, the economy is showing gradual improvement and the capital markets have stabilized and turned generous. We believe the economic recovery in the U.S. is genuine. It may well not be dynamic, steady as to pace or uniform across all sectors – and thus it’s unlikely to feel like a rerun of the prosperous 1990s– but the recovery seems to be underway and likely to remain so.
Second, low yields on short-term Treasurys continue to make it impossible for investors to enjoy both decent returns and complete safety. Instead, they generally must choose between return and safety, and since few investors can dispense with return, it usually gets the nod. This phenomenon has forced investors out on the risk curve, and most securities to be at least fairly priced. Read More!
Hedge Fonlardan Haberler
Fortress Said to Start Asia Macro Hedge Fund Run by Levinson (Bloomberg)
Fortress Investment Group LLC (FIG), the buyout and hedge-fund firm run by Daniel Mudd, started an Asia-focused macro hedge fund that it aims to grow to $500 million, three people with knowledge of its plan said. The Fortress Asia Macro Fund has started trading with the firm’s own money and that of a few clients, the people said, asking not to be identified because the information is private. The fund is set to attract more money starting in April, when investors make their allocations, the people said. Gordon Runte, a New York-based spokesman, declined to comment.
Massachusetts Hedge Fund Faces State Insider Case (WSJ)
Massachusetts’s securities regulator moved to shut down a small Cambridge hedge fund Wednesday after charging it and its manager with using an expert consultant to obtain inside information on two pharmaceutical companies. In an administrative complaint, William Galvin, the Secretary of the Commonwealth, charged James Silverman and his fund, Risk Reward Capital Management, with using the expert-network firm Guidepoint Global to get inside information on clinical trials that helped him to “score dramatic returns” for his fund, which had $24 million of assets as of November. Read More!
Borsa Yukselir mi Duser mi? Borsalarin Kurdu Cevapliyor.
Bu sorunun cevabi hayir. Neden hayir oldugunu Is Carl Icahn Bullish or Bearish About The Stock Market? baslikli yazimizdan ogrenebilirsiniz. Asagiya bu yazidan ufak bir bolum aktariyorum:
Carl Icahn sent a letter to his investors announcing that he is returning all outside capital because he doesn’t want to be responsible to limited partners through another possible market crisis. He implicitly says that renewed market dislocation is possible. Should investors be worried about another crash in the stock market? Insider Monkey, your source for free insider trading data, doesn’t think so. Read More!
Hedge Fonlarin Subat Getirileri
The average hedge fund returned 1.39 percent last month, according to the Hennessee Group while the Standard & Poor’s 500 index advanced 3.2 percent and the Dow Jones Industrial Average increased 2.81 percent. Rival research group Hedge Fund Research said the average hedge fund gained 1.21 percent during the month. In the first two months of 2011, hedge funds climbed 2.08 percent, lagging the Standard & Poor’s 5.53 percent rise. In January, the average hedge fund inched up 0.65 percent. … John Paulson, who earned $5 billion last year, saw his gold fund gain 13.24 percent in February after a disappointing start to the year with a 12 percent loss in January. Paulson’s Advantage Fund gained 2.32 percent, a person familiar with the fund but not authorized to speak about it publicly said. Read More!
Bill O'Reilly Hayal Dunyasinda Yasiyor
Insiderlarin Aldigi 8 Hisse
Insider trading is most profitable when several insiders buy around the same time. Academic studies have shown that insider purchases beat index funds by more than 7 % per year when there are several insiders purchasing. During the past two trading days, there were 8 stocks that caught the attention of Insider Monkey .
1. Town Sports Intl (CLUB): This was one of our favorite stocks with insider trading about four months ago. We specifically wrote a separate article covering this stock and told our readers that we added it to our hypothetical portfolio. The stock gained around 57% since we wrote that article. There were more insider purchases last week.
2. Ligand Pharma (LGND): There were several insider purchases after the company announced its earnings mid February. Tom Steyer’s Farallon Capital started a new position in this stock during the fourth quarter. Dan Loeb’s Third Point sold all of their LGND holdings during the fourth quarter.
3. KKR Financial (KFN): This is a large cap stock with substantial insider purchases. Leon Cooperman’s Omega Advisors have a large KFN position. Dan Loeb also have some KFN shares in his portfolio. Read More!
Icahn Loeb Rajaratnam haberleri
Carl C. Icahn is returning all outside money in his hedge fund, citing his reluctance to be responsible to investors through another possible crisis.“While we are not forecasting renewed market dislocation, this possibility cannot be dismissed,” Mr. Icahn wrote in a letter to investors.
Reporters caught in US fund lawsuit crossfire (Reuters)
Last month, in a little-noticed move, Daniel Loeb, one of several prominent hedge fund managers sued by Fairfax Financial served subpoenas on a number of journalists seeking to take their depositions in the now five-year-old litigation….Loeb, however, appears to have had a recent change of heart about the subpoenas, which were sent to columnist Joe Nocera of The New York Times and former Fortune writer Bethany McLean, among others. A lawyer for Loeb told Reuters on Monday the subpoenas were withdrawn. “Third Point has no intention of seeking testimony or documents from any member of the media, and any prior subpoenas issued to journalists have been fully withdrawn,” said Loeb attorney Bill Carmody of Susman Godfrey in New York. Read More!
Hedge Fonlarin Cilgin Gibi Aldigi 10 Hisse
Burada yazdigim yazilar sitenin reklamini bedava yapmis oluyor. Kendi sitesinin reklamini Ekonomi Turk blogunda yazi yazarak yapmak isteyenler varsa aranizda buyurun gelin. Iki tarafin da cikarina olacak bir anlasma yapariz. Neticede Ekonomi Turk pagerank'i 5 olan az sayidaki bloglardan bir tanesi. Bunu avantaja cevirebilirsiniz.
Neyse, degeri $350 olan yazimiza 10 Stocks Hedge Funds Are Buying Like Crazy adresinden ulasabilirsiniz. Read More!
Oaktree 2010 Getirisi
Our oldest evergreen fund, the Emerging Markets Absolute Return Fund (renamed from Emerging Markets Fund to emphasize its non-beta orientation), provided a vivid example of how difficult it was for long/short funds to meet absolute return goals in the highly correlated environment of 2010. EMAR gained just 3.7% before fees (1.6% after). This was far behind the Dow Jones Credit Suisse Emerging Markets Hedge Fund Index (up 11.3%). We note, however, that (a) as a long/short fund it can’t properlybe benchmarked against an index which isn’t similarly hedged and (b) this is the fund’s fourteenth consecutive year of positive returns.
The Value Opportunities Fund is our open-end vehicle for investment in corporate opportunities (with an emphasis on distressed debt). In 2010, VOF gained 16.5% before fees and 11.3% after. In this environment, this represents very solid performance.
Read More!
Seth Klarman Aciga Satanlari Savunuyor
While we rarely sell securities short – both because of the degree of execution difficulty and theoretically unlimited risk compared to limited potential return – we do believe that short-selling serves a vitally important function. Markets, of course, fluctuate; driven by human emotion, greed, and fear, they can reach significantly overvalued levels. This is bad, both because it can induce some who cannot afford losses to speculate, and because it can lead to an improper allocation of society’s resources. The recent housing bubble illustrates the problem: excessive home prices led to excessive home building, eventually resulting in a price collapse, large loan losses, and great personal hardship. In addition, the decline that follows periods of market overvaluation is bad for the broader economy, for confidence, and for rational decision making; it also frequently triggers government intervention in markets, with all of its inevitable distorting effects. Just as value buyers can dampen downside volatility, short-sellers can dampen the upside excesses. They don’t actually change the eventual outcomes, just help us get there sooner. This makes short-sellers unpopular, as the uninformed masses enjoy high and rising securities prices for the short-term profits they produce, without understanding the societal costs of the future reversal. The less you understand valuation, the more that overvaluation seems like a free lunch – which of course it isn’t.
From our experience, much long-oriented analysis is simplistic, highly optimistic, and sloppy. Short-sellers, by going against the long-term tide of economic growth and the short-term swells of public opinion and margins calls, are forced to be crackerjack analysts. Their work product is usually top-notch and needs to be. Short-sellers shouldn’t be reviled or banned; most should be celebrated and encouraged. They are the policemen of the financial markets, identifying frauds and cautioning against bubbles. In effect, they protect the unsophisticated from predatory schemes that regulators and enforcement agencies don’t seem able to prevent. Read More!
Bruce Berkowitz, Credit Agricole, Hedge Fund Fraud
Fairholme’s Bruce Berkowitz To Be Chairman At St. Joe (Forbes)
A spokesperson for St. Joe verified that Berkowitz will become chairman just days after the company announced he would rejoin the board, with a formal announcement likely Monday. His deputy Charlie Fernandez will serve as vice chairman while former Florida Governor Charlie Crist, another Fairholme nominee, will chair the board’s governance and nominating committees. As CNBC reported, the company is also eliminating a poison pill adopted in February that was widely seen as a way to stifle an effort by Berkowitz, who owns about 29% of the company, to exert sway over board seats. Read More!
Howard Marks and Oaktree'nin 2010 Performansi – Marketable Securities
Improving on the performance trends in straight debt, all of our convertible strategies outgained their benchmarks by wide margins. Our composite of U.S. convertibles accounts (we called them domestic convertibles until going global taught us that the word “domestic” has different meanings depending on where one sits) returned 19.4% before fees (18.8% after) versus 16.8% for the BofA Merrill Lynch All U.S. Convertibles Index. Convertibles continued their recovery from the undervaluation relative to equities caused by the collapse of convert arbitrage funds in 2008, and they also benefited from investors’ increased desire for yield. Thus our U.S. convertible composite outperformed the S&P 500, which rallied strongly in December to gain 15.1% for the year.
Our portfolios of non-U.S. convertibles also reflected the above trends. Thus they continued their incredible string of outperformance, with a composite gain of 12.0% before fees (11.2% after), dramatically ahead of the 6.4% gain on the JACI Global portfolio of non-U.S. convertibles and trouncing the gain of only 2.8% on the MSCI EAFE hedged index.
Finally, as is often the case, our high income convertibles (or “busted” convertibles) were again our top performing marketable securities strategy, a few basis points ahead of the other U.S. convert portfolios. The high income composite returned 19.4% before fees (18.9% after) versus 14.3% on the Citigroup High Yield Market Index. Searching among the unloved paid off again. Read More!
Yazarlara Uyarilar: Intihal
Yazi yazmanin bir numarali kurali baskalarinin yazdiklari cumleleri calmamaktir. Bunu yapan gazetecinin ve websitesinin kariyeri biter. Mobius yazinin sonunda gecen su cumle "Mobius' fund returned 17.65% over three years, compared to the Emerging Markets sector average of -11.947%, according to Trustnet. The fund is currently favouring Brazil, with 32% invested in the region. He also has 26% in China, 22% in India and 16% in Russia." sanki sana ait degilmis gibi bir izlenime kapildim ve Google'da bir arama yapinca karsima su makale cikti.
http://www.investmentweek.co.uk/investment-week/news/2032182/mobius-renminbi-replace-yen-reserve-currency-2020
Direkt bu makalenin sonundan kaynak gostermeden cumleyi aynen almissin. Bu yaziyi bu haliyle gonderdigimi ve senin de bu cumleyi baska bir yazidan arakladiginin ortaya ciktigini varsay. Insider Monkey sitesine yaptigimiz onbinlerce dolarlik yatirimin bir seferde havaya ucmasini birak, omrumuzun sonuna kadar tasiyacagimiz bir leke ile ugrasmak zorunda kalabilirdik. Read More!
Yazar Istatistikleri
Bazi arkadaslar Fatih Terim seviyesinde ingilizceleri ile basvurup hem bizim hem kendi zamanlarini bosa harciyorlar, o yuzden bir kere daha vurgulayalim. Aradigimiz muhtemelen siz degil, size Ingilizceyi ogreten kisi ya da universitedeki finans hocanizdir. Yine de kendinize guveniyorsaniz ve cok calismaya hazirsaniz basvurun.
Ingilizcesi cok super olan ve finansa ve ekonomiye ilgi duyan yazar arayislarimiz devam ediyor.
Burada daha once genclere bazi tavsiyelerde bulunmustum. Birincisi cok iyi derecede ingilizce ogrenmeleri, ikincisi bilgisayarlardan ve programlamadan cok iyi anlamalari, ve ucuncusu de haftada 70-80 saat calismalarini. Bu dediklerimi yapabilen tanidiklariniz varsa bize gonderebilirsiniz. Bizimle calisarak hem zamanla yatirim yapmak konusunda bilgi sahibi olabilirler, hem de Turkiye kosullarina gore cok iyi para kazanabilirler. Iki uc saat harcayip Fenerbahce'nin macini seyredeceginize bu zamani kullanarak bir yazi yazip $50 kazanmaniz mumkun.Yayinladigimiz yazilarimiz genellikle asagida siraladigimiz su yazilarla benzerlik tasiyor:
George Soros Is Short Emerging Markets, Hurt By Gold in January
Warren Buffett’s Stock Sales: Our Favorite Holding Period is Forever?
John Burbank and Passport Capital’s Amazingly Successful New Stock Picks
Lee Ainslie and Maverick Capital’s Extremely Bullish Stock Picks
Chase Coleman Tiger Global
Roubini Sentiment Indicator
Hedge Fund News: Steve Cohen, Philip Falcone
Stephen Mandel Lone Pine Capital
John Griffin Blue Ridge Capital
William Ackman and Pershing Square’s Latest Stock Holdings
Araci kurumlarda su an ingilizce rapor yazan tanidiklariniz varsa, veya ingilizce gazetelerde calisan gazeteci tanidiklariniz varsa haber verin. Read More!
Gunun Hedge Fon Haberleri
David Einhorn hakkinda daha once su satirlari yazmisiz:
Greenlight Capital isimli hedge fonun sahibi olan David Einhorn portfoyunde en son gerceklestirdigi islemleri halka acikladi. Hedge fonlar 3 ayda bir kez olmak uzere 45 gun gecikme ile portfoylerinde bulunan uzun Amerikan pozisyonlarini halka aciklamak zorundalar. Kisa pozisyonlarini veya yurtdisinda bulunan pozisyonlarini veya hisse senedi veya opsiyonun olmayan diger varliklari aciklamak zorunda degiller.
David Einhorn 1996 yilindan bu yana her sene yatirimcilarina ortalama %21.5 getiri saglamis bir hedge fon yoneticisi. Bunu da cok az risk alarak gerceklestirmis. Kolay is degil.
David Einhorn hakkindaki bu yaziya ise bu linkten ulasabilirsiniz. Read More!
David Einhorn'in 2011 Getirisi
Dogal olarak biz de David Einhorn'un yaptiklarini yakindan takip ediyoruz. Greenlight Capital 2011 senesine cok iyi baslamadi. David Einhorn portfoyunde en fazla agirligi fiziksel olarak satin aldigi altin kulcelerine vermis durumda. Altin fiyatlari da yilin ilk iki ayinda bildiginiz uzere geriledi. Daha simdi toparlanip artiya gecebildi. O yuzden de Einhorn'un performansi olumsuz etkilendi.
2011'de Greenlight'in %2 civarinda yatirimcilarina para kaybettirdigini hesapliyoruz. Bu hesaplamayi nasil yaptigimizi, David Einhorn'un hangi hisseleri alip sattigini ogrenmek istiyorsaniz David Einhorn’s Greenlight Down Around 2% Through February baslikli yazimizi okumanizi oneririz. David Einhorn'dan ogreneceginiz cok sey bulacaksiniz. Read More!
David Tepper O Kadar Parayi Ne Yapacak?
David Tepper haricinde David Tepper, 10 Magic Formula Stocks, Quant Hedge Funds baslikli yazimizda Joel Greenblatt'in sihirli formulunun satin almamizi onerdigi 10 Kanada hissesinden bahsediyoruz.
David Tepper Eylul ayinda televizyon ekranlarina cikarak Fed'in bu kadar para bastigi ortamda en akilli yatirim borsadir diyerek yatirimcilara tavsiyelerde bulunmustu. Insider Monkey blogunda bir kac hafta oncne David Tepper'in aldigi hisselerin bir listesini sunmustuk. Amerikan piyasalarina ilgi duyanlarin bu yaziyi okumalarini tavsiye ederiz. Read More!
Hedge Fon Yoneticisi Daniel Loeb Yalanci mi?
Aciga satis yapanlara Amerika'da halk cok iyi gozle bakmiyor. Evet, Amerika'da da cahil insan cok fazla. Sirket de bunu firsat bilerek hedge fonlari dava etmisler ve 8 milyar dolar tazminat istiyor.
Problem adamlar hedge fonlari dava ettikten hemen sonra muhasebe numaralari yaptiklarinin ortaya cikmasi. Yine de dava nasil olduysa hala devam ediyor. Sirket en son Daniel Loeb'u yalancilikla suclamis.
Simdi anlatirim hikayenin gerisini ama Is Daniel Loeb Really A Liar? baslikli yazida zaten anlattik, bir zahmet gidip oradan okuyuverin. Read More!
Altina Yatirim Yapmak Icin Dogru Zaman mi?
Seth Klarman Amerika'da enflasyonun ciddi bir bicimde yukselme olasiliginin fazla oldugunu ve yatirimcilarin bu konularda neler yapacagini Seth Klarman Bullish About Gold, Concerned About Runaway Inflation baslikli yazimizda anlatiyor. Seth Klarman sunlari soyluyor:
Yet another long-term risk confronts investors: the government’s fiscal and monetary experiments may go awry, resulting in runaway inflation or currency collapse. Bottom-up value investors would not wish to bet the ranch on a macroeconomic view, but neither would they be wise to ignore the macroeconomy altogether. Disaster hedging – always an important tool for investors – takes on heightened significance in today’s unprecedentedly challenging environment. Yet, as this insight is not unique to us, the cost of insurance is high. There are no easy ways to navigate these turbulent waters. But because the greatest risks are of currency debasement and runaway inflation, protection against a currency collapse – such as exposure to gold – and against much higher interest rates seem like necessary hedges to maintain.” Read More!
Rajaratnam Davasi
Raj Rajaratnam da zamaninda sirketlerin yonetim kurullarinda calisan kisilerin bilgi sizdirmasi, sirketlerin icerisindeki kisilerin bilgi sizdirmasi ve daha baska bir cok yontemi kullanarak piyasa getirisinin uzerinde bir performans gostermeyi basarmis. Tabii Fama gibi "etkin piyasa hipotezini" millete kakalamaya calisan uyaniklar hala kimsenin borsa performansinin uzerinde performans gosteremeyecegini iddia ediyorlar ama cok inanan yok bunlara.
Rajaratnam ancak gizli FBI telefon kayitlari neticesinde yakayi ele verdi, bu hafta da mahkemesi basliyor. Bakalim pacayi yirtacak mi yoksa senelerce hapislerde mi surunecek.
Bu konuyla ilgili haberimize Rajaratnam Trial, Charlemagne Capital, Andor Capital baglantisindan ulasabilirsiniz.
Soylemeyi unuttum ama Rajaratnam'in yaptigina yasadisi insider trading deniyor. Insider Monkey blogu Amerika'daki tum sirketlerdeki insider'larin yaptiklari islemleri takip etmenizi saglayan ucretsiz bir kaynak. Insider'lar cogu zaman yakalanmadan islem yapip borsadan kar elde ediyorlar. Bundan faydalanmanin yollarindan bir tanesi de onlarin yaptiklarini takip edip daha sonra taklit etmek. Read More!
Jim Rogers'dan Emtia Piyasalari Yorumlari
Biz de Roger'in en son verdigi mulakatlardan bir tanesinde soyledilerini yaziya tasidik. Okuyuculardan da cok ilgi gorduk. Birazdan istatistikleri verecegim ama Jim Rogers uzerine Seeking Alpha'da yayinladigimiz benzer bir yazi bir gunde 40000 kisinin ilgisini cekti. Jim Rogers'in ne dedigini Jim Rogers: Commodities Will Increase Regardless Of How Economy Performs baslikli yazimizdan okuyabilirsiniz. Asagiya iki satir ilistireyim:
In bull markets things go to prices which nobody can conceive of. I’m the bull, and I’m telling you, at one point I’m going to sellout and then they’re going double again. In the bull market in stocks, who would’ve thought that CISCO would have gone up a hundred times. It did. That’s what happens at the end of a bull market and that’s what’s going to happen at the end of the bull market in commodities. It’s still several years away.”
“Gold will go to $2000 in this decade. It’s pretty simple as far as I’m concerned.”
“Silver will certainly go over $50. The old high on silver was $50. Silver will go to new highs again. All these prices are going to go to absurd levels by the end of the decade, by the end of the bull market.” Read More!
Golub Capital
Massachusetts Charges Two Firms in Forex Schemes (WSJ)
Massachusetts’s securities regulator charged two unregistered offshore firms for alleged foreign-exchange investment scams. One of the cases involves allegations against two individuals who were sanctioned by the Securities and Exchange Commission for an alleged $34 million hedge fund investing fraud involving 60 investors in 2007.
Credit Suisse Eyes Fund Of Funds Rock Creek (FinAlternatives)
Credit Suisse Group is poised to buy fund of hedge funds Rock Creek Group. The two sides are in advanced talks and a deal could come within 10 days, AR magazine reports. A deal for Rock Creek would give Credit Suisse a substantial institutional fund of funds business. The Swiss bank’s current fund of funds business, which has about $10 billion in assets under management, specializes in high-net worth clients, especially those who already patronize Credit Suisse’s private bank. Read More!
Yazar Istatistikleri
Burada daha once genclere bazi tavsiyelerde bulunmustum. Birincisi cok iyi derecede ingilizce ogrenmeleri, ikincisi bilgisayarlardan ve programlamadan cok iyi anlamalari, ve ucuncusu de haftada 70-80 saat calismalarini. Bu dediklerimi yapabilen tanidiklariniz varsa bize gonderebilirsiniz. Bizimle calisarak hem zamanla yatirim yapmak konusunda bilgi sahibi olabilirler, hem de Turkiye kosullarina gore cok iyi para kazanabilirler. Iki uc saat harcayip Fenerbahce'nin macini seyredeceginize bu zamani kullanarak bir yazi yazip $50 kazanmaniz mumkun.Yayinladigimiz yazilarimiz genellikle asagida siraladigimiz su yazilarla benzerlik tasiyor:
George Soros Is Short Emerging Markets, Hurt By Gold in January
Warren Buffett’s Stock Sales: Our Favorite Holding Period is Forever?
John Burbank and Passport Capital’s Amazingly Successful New Stock Picks
Lee Ainslie and Maverick Capital’s Extremely Bullish Stock Picks
Chase Coleman Tiger Global
Roubini Sentiment Indicator
Hedge Fund News: Steve Cohen, Philip Falcone
Stephen Mandel Lone Pine Capital
John Griffin Blue Ridge Capital
William Ackman and Pershing Square’s Latest Stock Holdings
Araci kurumlarda su an ingilizce rapor yazan tanidiklariniz varsa, veya ingilizce gazetelerde calisan gazeteci tanidiklariniz varsa haber verin. Asagiya son istatistikleri koyuyorum.
Read More!
Ray Dalio'dan Muhtesem Tahminler
Ray Dalio nadiren ekranlara cikar, nasil olduysa CNBC'ye dun sabah konuk oldu ve piyasalara ve borsanin gelecegine yonelik goruslerini yatirimcilar ile paylasti. Biz Dalio'nun dediklerinin bes dakikalik kismini Insider Monkey bloguna koyduk. Bu konu ile ilgili yazdiklarimiza Bridgewater’s Ray Dalio is Insanely Bullish About Emerging Markets, Gold baslikli yazidan ulasabilirsiniz.
Piyasalarda ne olacagina yonelik saglam bir yorum dinlemek istiyorsaniz Ray Dalio'nun Insider Monkey'e koydugumuz 24 dakikalik videosunu izlemeyi ihmal etmeyin. Nadiren boyle bir firsat karsiniza cikar, kacirmayin.
“The key thing is going to be diversification. Most investors have too much dollar denominated assets or too much of their portfolio in developed countries. I don’t think that they have typically much gold in their portfolio. Gold is a form of money…The main theme now for investors is that if they diversify their assets into other assets, I think other assets will perform better. It will also lower the risk of their portfolio.”
There you have it. The US dollar will depreciate, meaning emerging market currencies and gold will appreciate. US bonds will also see outflows and lose value. Emerging markets’ stocks and bonds will also appreciate. Read More!
Hedge Fon Getirileri Pershing Square, SAC
Bu konuyla ilgili yazimiza Hedge Fund Returns: Pershing Square, SAC Capital, Third Point adresinden ulasabilirsiniz. Yazinin diger bolumlerinden bir kismini asagiya aktariyorum.
Och-Ziff Capital Management reported that OZ Master Fund returned 1.1% in February and 1.6% in January.
Dan Loeb is still outperforming fellow hedgies in 2011. Third Point’s flagship fund returned 3.7% in February, and 8.1% for the first two months of the year. Read More!
Dan Loeb Borsada Basariya Doymuyor
Insider Monkey'de yayinlanan Dan Loeb Third Point Returns and February Letter baslikli yazidan bir alinti yapalim.
His net exposure to the stocks is 56.2% which is much higher than David Einhorn’s. Even though Dan Loeb doesn’t want to talk about his short stock positions, his shorts aren’t really big positions. He isn’t engaged in any risk arbitrage or currency speculation. His credit exposure is at 29% and he primarily invests in Americas and EMEA.
Dan Loeb’s top 5 positions at the end of February were Gold, Delphi, Chrysler, El Paso Corp, and LyondellBasell. His top winners are Gold, NXP Semiconductor, El Paso, Technicolor, Williams Companies Inc (WMB). SAC’s Steven Cohen recently expressed that he is also extremely bullish about Williams Companies.
Dan Loeb'in musterilerine gonderdigi mektubu okumak isteyenler yazinin orijinalini ziyaret etsinler. Read More!
Yazar Istatistikleri 3 Mart 2011
Burada daha once genclere bazi tavsiyelerde bulunmustum. Birincisi cok iyi derecede ingilizce ogrenmeleri, ikincisi bilgisayarlardan ve programlamadan cok iyi anlamalari, ve ucuncusu de haftada 70-80 saat calismalarini. Bu dediklerimi yapabilen tanidiklariniz varsa bize gonderebilirsiniz. Bizimle calisarak hem zamanla yatirim yapmak konusunda bilgi sahibi olabilirler, hem de Turkiye kosullarina gore cok iyi para kazanabilirler. Iki uc saat harcayip Fenerbahce'nin macini seyredeceginize bu zamani kullanarak bir yazi yazip $50 kazanmaniz mumkun.Yayinladigimiz yazilarimiz genellikle asagida siraladigimiz su yazilarla benzerlik tasiyor:
John Burbank and Passport Capital’s Amazingly Successful New Stock Picks
Lee Ainslie and Maverick Capital’s Extremely Bullish Stock Picks
George Soros Is Short Emerging Markets, Hurt By Gold in January
Warren Buffett’s Stock Sales: Our Favorite Holding Period is Forever?
William Ackman and Pershing Square’s Latest Stock Holdings
Chase Coleman Tiger Global
Roubini Sentiment Indicator
Hedge Fund News: Steve Cohen, Philip Falcone
Stephen Mandel Lone Pine Capital
John Griffin Blue Ridge Capital
Araci kurumlarda su an ingilizce rapor yazan tanidiklariniz varsa, veya ingilizce gazetelerde calisan gazeteci tanidiklariniz varsa haber verin. Asagiya son istatistikleri koyuyorum.
Read More!
John Paulson Asya'ya Giriyor
Simdi de sektorleri birakip direkt yeni bir cografyaya giriyor. Jim Chanos Cin'de bir konut balonu olusmaya basladigini bir bucuk sene once soyluyordu. Paulson bunun tersi yonde hareket ediyor. Cin'de bir konut balonu varsa ve bu patlarsa sonuclari diger Asya ulkeleri icin de cok iyi olmaz.
Bu konu ile ilgili yazimiza ve ayrica baska hedge fon haberlerine John Paulson Goes To Asia, Paridon’s CIO Exits, BlueGold Rises, Hedge Funds Populate adresinden ulasabilirsiniz. Read More!
Dunyanin En Buyuk Hedge Fonu Hangisidir
Ray Dalio gecen sene de en cok kazandiran hedge fonu listesinde en ust siralarda yer aliyordu. Bu konu ile ilgili haberimize Ray Dalio's Bridgewater is the biggest hedge fund linkinden ulasabilirsiniz. Ayrica ayni yazi icerisinde siralamada ilk uce giren diger fonlardan da bahsediyoruz. Read More!
Yazar Istatistikleri: 2 Mart 2011
Burada daha once genclere bazi tavsiyelerde bulunmustum. Birincisi cok iyi derecede ingilizce ogrenmeleri, ikincisi bilgisayarlardan ve programlamadan cok iyi anlamalari, ve ucuncusu de haftada 70-80 saat calismalarini. Bu dediklerimi yapabilen tanidiklariniz varsa bize gonderebilirsiniz. Bizimle calisarak hem zamanla yatirim yapmak konusunda bilgi sahibi olabilirler, hem de Turkiye kosullarina gore cok iyi para kazanabilirler. Iki uc saat harcayip Fenerbahce'nin macini seyredeceginize bu zamani kullanarak bir yazi yazip $50 kazanmaniz mumkun.Yayinladigimiz yazilarimiz genellikle asagida siraladigimiz su yazilarla benzerlik tasiyor:
John Burbank and Passport Capital’s Amazingly Successful New Stock Picks
Lee Ainslie and Maverick Capital’s Extremely Bullish Stock Picks
George Soros Is Short Emerging Markets, Hurt By Gold in January
Warren Buffett’s Stock Sales: Our Favorite Holding Period is Forever?
William Ackman and Pershing Square’s Latest Stock Holdings
Chase Coleman Tiger Global
Roubini Sentiment Indicator
Hedge Fund News: Steve Cohen, Philip Falcone
Stephen Mandel Lone Pine Capital
John Griffin Blue Ridge Capital
Araci kurumlarda su an ingilizce rapor yazan tanidiklariniz varsa, veya ingilizce gazetelerde calisan gazeteci tanidiklariniz varsa haber verin. Asagiya son istatistikleri koyuyorum.
Read More!
Goldman Sachs'in Yonetim Kurulundan Disariya Bilgi Sizdiran Kim
Burada deginecegim nokta biraz daha farkli. Piyasada kendi basina yolunacak kaz gibi dolasip yatirim yapan bir suru kucuk yatirimci var. Bu kisiler iki tane gazete ve borsa dergisi okuyarak zengin olacaklarini dusunuyorlar. Oysa herkesten bir adim onde olmak icin yapmadiklari sey kalmayan hedge fon yoneticilerini alt etmeleri mumkun degil. Bakin yukarida verdigim haber yakalanan kisiler. Bir de yakalanmayan binlerce kisiyi dusunun.
O yuzden biz hedge fon yoneticilerine karsi islem yapmaktansa onlarin pesine takilarak islem yapmanin daha iyi sonuclar doguracagini dusunuyoruz. Yatirim yapmadan once iyi dusunun. Karsimdaki adam kim diye kendinize bir sorun, ikinizden biriniz yanlis karar veriyorsunuz cunku. Read More!
Philip Falcone'nin 2011'de En Cok Kazandiran Yatirimi
Asil buyuk vurgunu da 2007 konut balonu sirasinda yapmis. Bu isten milyar dolar kazanan ender kisilerden bir tanesi.
Falcone'in son zamanlarda performansi cok kotu ama. Hedge fonu 2010 yilinda %12 kaybetti. 2011'e de iyi baslamadi. Ancak 2011 yilinda Falcone sifir yatirimla milyonlar kazandiran bir sey var. Bunun ne oldugunu Phil Falcone’s Best Performing Investment in 2011 baslikli yazimizdan okuyabilirsiniz. Read More!
Petrol Hedge Fon Yoneticisi Boone Pickens'den Hisse Tavsiyeleri
Enerji fiyatlarinin patladigi bu donemde Boone Pickens'in hedge fonu da borsa endeksini 3'e katliyor. Boone Pickens en son 10 tane hisseye yeni para aktardi, bes tanesinde sifirdan pozisyon acti. Petrol hissesi alacaksaniz Boone Pickens ne aliyor diye bakmaniz lazim.
Bu hisselerin isimlerine T. Boone Pickens Is Extremely Bullish About These 10 Stocks baslikli yazimizdan ulasabilirsiniz. Read More!
Peter Thiel, FrontPoint, Misir'da Yatirim
Clarium baslarda cok iyi performans gosteriyordu. Nedeni de Thiel'in oldukca karamsar makro goruslere sahip olmasi ve bir kumarbaz gibi riskleri goz onunde bulundurmadan yatirim yapmasi idi. Piyasalar kendi gorusleriyle paralel olarak asagi dustugu muddetce bir problem yoktu. Ancak neredeyse son uc yilda Thiel yatirimcilarini sefil etti. Simdi de pek bir yatirimcisi kalmadi zaten.
Bu konuyla ilgili haberimize Hedge Fund News: Peter Thiel, FrontPoint, Investing In Egypt adresinden ulasabilirsiniz. Read More!
