Some Hedge Funds really taking it

Quote from Covert:

I'm going to let you in on a little secret- You are in the Wall Street News forum. Do me a favor- start a thread about how you can beat ANY hedge fund manager over ANY time period, dealing in EVERY discipline and market. Then, walk away for about 30 minutes. Come back and see just how much love you've gotten from the masses here. I feel dumber for having read all of your posts in this thread. Now, I know if I had more patience, I could explain this to you and eventually, you would catch on. But I have reached the end of my rope with you now, so goodbye. And don't feel you have to respond to this. If it helps you, I will stipulate that you are the most knowledgeable trader in the world. Nobody's better than you.
Best of luck and keep your head up, partner.
More...

You have an axe to grind with anyone who disagrees with you. I don't understand that. Here's what I understand:

Hedge funds aren't better because they are hedge funds. The best ones are better because the persons who pull the trade triggers for them possess and exhibit skills similar to those of talented individual traders. It's much more than leverage, models, and hyper-powerful black boxes.

Why, for instance, haven't hfs prospered as a class in the last 12 months, when there has been huge and exploitable price action in extremely deep markets? If they are generally superior, they should have excelled lately, not disappointed. I believe I know why, so I agree with zdreg (who, I'll add, didn't oversell his points and took the trouble to back them with explanation).
 
Quote from marketsurfer:

thanks. its a very dynamic space in the niche sections. most hedge funds, however, have become instituionalized thus are no better than the institutions they were created to compete with. 90% of all hedge funds are simple long/short funds with no edge that they can articulate.

the niche space is still creating phenomenal returns, in fact ,some are downright shocking.


surf
More...
"the niche space is still creating phenomenal
returns, in fact ,some are downright shocking."


exactly. without an edge you cannot outperform the market. over time the edge will be withered away by market forces and returns will equal the returns in that sector as that previous edge withers away to under performance. obviously it depends on your time horizon. how long an edge lasts is just a guess.
 
Quote from Marsupilami:

<<
Many times women can't cope with the fact that a man can be emotional and fragile," she said.

Many times, these women will start comparing their husbands to other, more successful men, and adultery becomes an issue, Parker said.

"These people sincerely believe that their lives are over." >>


WTF ??!!! I'm glad I'm broke and single.
More...

Gold diggers are dime a dozen in NYC.
 
You must log in or register to reply here.
Back
Top