famous hedge fund returns this yr

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.
 
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
 
"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???
 
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