Superfund

Yesterday I walked past the (very nice) offices of Superfund, a great marketing company ....errr, I mean a managed futures offering. Their fees border on the absurd:Charges to each Series per year (payable pro rata on a monthly basis): 1.85% Management Fee, 1% Organization and Offering Expenses, 0.15% Operating Expenses, 4% Selling Commission, 3.75% Brokerage Fee AND...

LinkFest

Posts have been light due to all of my traveling (and flights getting canceled). I hope to catch up later this week. Although I forgot how much I love NYC (even when it is rainy and nasty like it is right now). One of these days some one will figure out why the pizza here is...

If anyone is attending the Dresdner Kleinwort Listed Hedge Fund Conference in London on April 30th, please let me know how it goes (and pass along any good materials).----Arnott takes his case to the masses: The Fundamental Index: A Better Way to Invest.----The Wizard of Winton"...I know about random walks, and when you draw these charts every day, after...

Spam

I just noticed that there are a lot of emails that readers have sent that ended up in my Gmail spam folder. If you have emailed me lately and didn't get a response, please resend . . .

LinkFest

I'll be in North Carolina, Virginia, and NYC in the upcoming weeks. Drop me a line if you would like to meet up!----I haven't decided what I am going to do with the Google App Builder yet, but it is pretty cool.----Quote of the day, ""If you have a trading system or a trading plan and then override...

LinkFest

I was mistaken when I posted that the T Rowe Price Capital Appreciation Fund (PRWCX) had a down year last year. It did not, and that makes for 18 positive years in a row which I find quite amazing. Gabelli ABC (GABCX) and First Eagle Overseas (SGOVX) both have 14 positive years in a row. Likewise,...

Alpha Engines

Ray Dailo has a good comment in the great book 2020 Vision (which, for whatever reason is only available through Mercer in Australia). "Because I believe that all criteria for investing (that is, good betting strategies) should have a logic that isn't time specific, I believe that the alpha generators that make up the ultimate alpha generator should...

Optimizing on Happiness

The market is up today. Are you as happy today as you were sad yesterday when the market was down?Fish see the bait, but not the hook; men see the profit, but not the peril - Chinese proverbPeople want to be happy. If you ask people what their goal is in life they often respond...

Emmanuelle in Hedge Fund Land

There have been over 30 films based on the Emanuelle franchise, a softcore film series that began in the 1960's. According to Wikipedia, it remains one of the most successful films in French history. What does this have to do with hedge funds? Boussard & Gavaudan is a hedge fund listed on the Euronext in Amsterdam....

Book Cover Design Contest

Longtime readers know that I am a big fan of user generated content and paid participation in media. So for those who haven't heard, I have been working on putting together some of the concepts mentioned on WorldBeta into a book. The tentative title is "The Ivy Portfolio: How to Invest Like the Top Endowments Harvard and...