World Beta just reached its second year blogging – 400 posts and counting! Rainy and nasty here in Portland.
It looks like Farallon and JANA are down about -20 to -30% this year. . .this would be Farallon’s first down year in existence (22 years). Macro, merger arb, and market neutral are doing ok – which echos my post on the publicly listed mutual funds.
Clarium, while down only -3% this year, is in a -38% drawdown (thanks for the catch, # fixed).
Passport was down -38% in October! (-44% YTD.)
October was the worst month ever for junk bonds, MSCI EAFE, REITs, and commodities (CRB) – and plenty bad for everything else as well. Are we setting up for a X-mas rally? (I think so, and I love Japan, more in a follow up post.)
The Lazy Portfolios may be lazy, but they sure are getting hammered this year.
In the mail: Mr. Market Miscalculates: The Bubble Years and Beyond by Jim Grant. And pre-ordered – The Ascent of Money: A Financial History of the World by Ferguson.
Oh Mr. Moon, moon, bright and shiny moon. . .
Any thoughts on WikiWire (the little gadget added at the end of posts)? Useful? Not useful? Annoying?