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Not sure about Q1/2008 returns, but here's a snippet about Medallion's 2007 performance: http://www.alphamagazine.com/Article.aspx?ArticleID=1882108&PositionID=116900 The legend of James Simons grows. In 2007 his flagship Medallion hedge fund returned an almost unheard-of 73 percent...

Uhm Rentec's Institutional Equity Fund was launched when, in Summer of 2005 I believe? So I'd guess outperformance lasted 2 years.

Hedge fund redemptions - according to Sentimentrader - won't have much net effect on equities at this point since the average equity hedge fund has a net short equity exposure. They will have to cover those short positions should they experience net asset outflows:

A little over a month ago you said we should all forget about trading and volatility, get the hell out and go net short. What has changed so traders have an edge again? :confused:

Reminds me of those daily myminitrading "overnight jamming" threads a couple months ago. What ever happened to that guy?

10% net of fees annualized over 10 years is a big deal in the market neutral space, like it or not.

If the recession indeed started in Dec 2007 then I am wondering why NFP are still just -70k and NE claims are around 400k. Five months into the recession in 2001 we were losing 200k jobs every month like clockwork in 2001 and claims came in >500k. Either these statistics will pick up in a...

We ought to be grateful Mr. Market is so forgiving and offers us these amazing chances to dump all long positions at higher prices and go 200% net short almost every day now.

Who's "looking weak" now?

I think the trade has some merit here. I'd just bail and take the loss once the market proves you wrong, probably once it manages to break through the 141/142 area.

27 Mar 2008 Nick Rockel Smarting from last summer’s huge losses, quantitative hedge funds are pressing into new realms of science in an effort to prosper during the ongoing credit crisis. Page 1 of 6 | Single Page For a man whose flagship hedge fund is running on fumes, Marek...

The S&P Midcap 400 is trading for a long time. According to the CME website they offer the S&P Smallcap 600 though since a few months. The symbol at IB is "SMC" but I can't see it trading yet. Shows no bids/asks for me?! http://www.cme.com/trading/prd/equity/emini-sp-small600.html

http://www.reuters.com/article/ousiv/idUSN0739555320080407 U.S. private equity firm TPG and other investors are near a deal to invest $5 billion in Washington Mutual Inc, the Wall Street Journal reported on its Web site, citing people familiar with the matter. The other investors include...

http://www.bloomberg.com/apps/news?pid=20601109&sid=ao4F2HvP_rWo&refer=home Thanks to Spain's slumping property market, house buyers are as popular as movie stars -- and they can cause even more excitement. Reporters outnumbered bidders as lot No. 1 hit the slate in Europe's first ``Dutch...

I am not here to prove anything. It is not my hypothesis, it's the bond markets' hypothesis. I am simply pointing out that there are different perceptions of where the economy is going in some cyclical equity sectors such as steel and the bond markets. Both camps can't be right at the same time...

Somehow these charts don't make much sense in a 'rapid global economic implosion' and 'worst depression since 1933' scenario now do they. Does the equity market have got it wrong again as the bond markets are telling a very different story :confused:

Somehow you keep reminding me of stock_trad3r. "Hold on to BIDU it's going to 500+".

If you think -80k is horrible you haven't seen horrible yet. If this 'recession' has any legs we better see -200/300k soon, every month like clockwork.

The key is to let the market decide if numbers are "horrible" or "not so horrible".

I agree with your points. I'll start buying into the "severe recession" and global meltdown scenario once we start seeing -250k NFP for a couple of months and claims coming in >500k consistently. The data we've seen so far supports the idea of an economy that has come to a standstill, but not...