Tiger Cub David Gerstenhaber: The economist whose passion for markets began at age 14
Julius Legend Capitol News
T2 Partners Hedge Fund's Largest Long and Short Positions
T2 Partners Hedge Fund's Largest Long and Short PositionsHedge fund legend Julian Robertson is betting on higher interest rates and is doing so via constant maturity swaps. 6. iShares Dow Jones Transportation
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Howard Marks of Oaktree Capital has also recently outlined his suggested plays for inflation. Additionally, we've detailed how hedge fund legend Julian
About this author:
Hedge fund legend Julian Robertson is betting on higher interest rates and is doing so via constant maturity swaps (CMS). We could go on, but the point is and more »
Art Review Celebrity art
Magne F, however, is just the warm-up act in the capital. Edinburgh's Dome is going to show some paintings and works on paper by Hollywood legend Sir
Long Gold, Short the S&P 500 and Other Hedge Fund Trends
Long Gold, Short the S&P 500 and Other Hedge Fund TrendsHedge fund legend Julian Robertson is betting on higher interest rates and is doing so via constant maturity swaps (CMS). continued to pare their market and more »
Blogging Legend of the Galactic Heroes Episode 38 « Lower Mid-Table
by Emperor J
The 38th episode of Legend of the Galactic Heroes concludes the story of the abduction of the Kaiser and serves to set up the beginning of the next round of conflict between the Galactic Empire and the Free Planets Alliance. With just one announcement, the moral roles of the two states may have been reversed. This immediately has predictable effects on morale. The other major theme in this episode relates to freedom within the supposedly most free nation.
The episode begins with a brief narrative history on refugees fleeing from the Empire to the Alliance. Most had stayed, but many returned including the 27th Kaiser Manfred II. The biggest player in the flow of refugees was Phezzan who were able to collect money from those fleeing. In this episode, the newest political refugee is due to arrive in the Alliance imminently.
The transport ship Rocinante carries its most important payload, the Kaiser Erwin-Josef II. It’s captain, Bomel, and his crew are having trouble dealing with the spoiled child that is the Kaiser, to the point where the captain himself tries to intervene. As he enters his quarters, the Kaiser is trying to make a woman trying to calm him bow, by force. Bomel tries to intervene, but Lansberg pays him some money to mind his own business and he leaves.
On Phezzan, Kesselink briefs Rubinsky on the kidnapping plot. The plan is to have the Kaiser to meet up with Remscheidt before ultimately entering the Alliance. The conversation then turns to Boltik’s deal with Reinhard. Kesselink believes Boltik is being played by Reinhard in some way. He believes Boltik did not have to reveal their plan to Reinhard, who now holds the upper hand in his opinion. Rubinsky tells him not to think Phezzan has lost the upper hand in negotiations.
After the meeting, Kesselink heads to his residence to talk to Dominique San Piel over drinks. He wants to know about Degsby, a member of the Terraist cult, to find out his weaknesses in order to make him his subordinate. He says that at any time on Phezzan there is someone taking advantage of someone else, but he will not be taken advantage of. He firmly says he will be the one to survive in the end.
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Profile/Biography on Hedge Fund Legend Julian Robertson (Tiger ...
by marketfolly@gmail.com (Market Folly)
We're going to start a new series here on Market Folly that details the backgrounds of various hedge fund managers in a biography/profile format. And, to kick things off, we figured what better person to start with than Julian Robertson? For those unfamiliar with Robertson, then here's what you need to know: He is the definition of a hedge fund legend. After attending the University of North Carolina, Robertson served as an officer in the US Navy and worked as a stockbroker for Kidder Peabody. He then founded and grew his (now defunct) hedge fund Tiger Management from $8 million at launch to over $22 billion in 1998 at its peak. And, as listed on our Tiger Cub biographies page, Tiger compounded a gross rate of 31.5% between 1980 and 2000. But, after losses of 4% in 1998 and 19% in 1999, Tiger shut down as the dot-com bubble expanded right in front of his eyes. He avoided what he deemed to be 'irrational investing.' The tech bubble would indeed be irrational investing, but his fund wouldn't be around to see it through. A few major bets of his went south (including US Air) and enough was enough. In terms of his investment style, Robertson takes a macro approach, finds a smart idea, researches it exhaustively, and places a big bet. And, when he feels he is more than correct, he will 'bet the farm.' Since Tiger's closure, Robertson has put up equally impressive performance numbers managing his own money. Back in January of 2008, it was noted by Fortune that Robertson had seen a total return of over 400% in the 8 years gone by since closing his fund. And, he even predicted the financial crisis over two years ago. Robertson also gave start-up money to a handful of younger analysts when he unwound his fund. These seeded Tiger Cubs became mentored by Robertson and began their own track records of success. Two of the most well-known funds Robertson initially seeded include Chase Coleman's Tiger Global and Bill Hwang's Tiger Asia. As of the beginning of 2008, Tiger Global's 7 year average return was over 43%. As you can see, Robertson's ways still live on through many other successful funds. In fact, we noted that hedge fund portfolio replicator Alphaclone has even created a Tiger Cub clone portfolio that has beaten the S&P 500 by 15% annualized since 2000 by using a portfolio cloning the positions of all the Tiger Cub hedge funds. Robertson's success has landed him on Forbes billionaire list and it really should come as no surprise. These days, Robertson is both managing his own money and monitoring his stakes in the various Tiger Cub funds he seeded. He often shares his thoughts and positions with them and vice versa. It is often a round table of ideas in which Robertson has fun becoming re-energized by the youthful players he surrounds himself with. Additionally, Robertson is an active philanthropist and serves on numerous boards nowadays. Taken from his very recent May/June 2009 interview with Value Investor Insight, Julian also has revealed some of his other portfolio moves by saying, "We own an Indian Zinc mining company called Hindustan Zinc (HZ:IN), which is probably selling for 4-5x earnings. Zinc is an important component in a wide variety of alloys, and has recently been selling for below its cash cost of production. You almost know that isn't going to last. Zinc would also seem to me to be a very good inflation hedge. I love energy stocks. Without making any prognostication on oil prices, we think based just on cash flow that oil stocks are very attractive, and of course will be much more so if oil prices return to anywhere near where they were last summer. Some energy stocks we own are Occidental Petroleum, Talisman Energy, Ultra Petroleum, and TriStar Oil & Gas. I really like some of the Canadian oil-sands plays, because there's probably more leverage to the price of oil there than anywhere else ... Equities are certainly better than cash. In particular, I'd expect the best things to buy to be natural resources stocks." So, there you have it. Robertson definitely sees natural resources and energy plays as a nice investment going forward. Simply put, Julian Robertson is a hedge fund legend. He's generated ridiculously solid returns, he's carried on his legend in the form of the Tiger Cubs, and most importantly, he predicted the financial crisis 2.5 years ago. If he's not worth listening to, then we don't know who is. For more information on Julian, check out Daniel Strackman's book entitled, Julian Robertson: A Tiger in the Land Of Bulls And Bears .
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20th New Orleans Film Festival official lineup | Film Venture Capital
by editor@vimooz.com
On a desperate road trip to promote his as yet unpublished novel, Davy Mitchell’s life takes a surprising turn when he is seduced into a phone sex relationship with a mysterious woman named Nicole. Starring Brian Geraghty, Jeanette Brox, Jenna Gavigan, Kathryn Aselton Duplass, Kel O’Neill and Marguerite Moreau. Director: Kyle Patrick Alvarez.Writer: Kyle Patrick Alvarez
MAKE-OUT WITH VIOLENCE A woman’s body is found in a field near Ranya and a woman at peril is shot in the Safe House Asuda. Quest for Honor follows an investigation into these honor crimes and plot the eradication of honor killings and its related practices that are still found in the tribal regions of Kurdistan. Director: Mary Ann Smothers Bruni
SPEAKING IN TONGUES A documentary look at the making of the famously bad movie “Troll 2″ and its unlikely journey — as well as that of its cast — as the film has gone from being dubbed one of the worst movies ever to being cherished as a cult classic. (Note: “Troll 2″ will be shown as a special midnight feature at the Prytania Theatre on Saturday night of the festival’s opening weekend.) Directed by Michael Stevenson.
BRIEF INTERVIEWS WITH HIDEOUS MEN After her boyfriend mysteriously leaves her, a doctoral candidate in anthropology conducts a series of interviews with men in an effort to uncover the secret thoughts that drive their behavior. Starring Julianne Nicholson, John Krasinski, Max Minghella, Lou Taylor Pucci and Will Arnett. Director: John Krasinski Writer: John Krasinski
BRONSON Claireece Precious Jones endures unimaginable hardships in her young life. Abused by her mother, raped by her father, she grows up poor, angry, illiterate, fat, unloved and generally unnoticed. So what better way to learn about her than through her own, halting dialect. Tyler Perry and Oprah Winfrey both earn producing credits. Starring Gabourey “Gabby” Sidibe, Mo’Nique, Paula Patton, Mariah Carey and Lenny Kravits. Director: Lee Daniels.