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You know, I was actually going to bump this thread as well, yesterday.
You have a situation where technology is advancing rapidly, especially in terms of consumer technology - not only in terms of the technology itself, but how some technology is …
Reply to @Charles: Keep in mind that this is a long-short fund, despite being labeled as an allocation fund. "Our fund is not currently “market neutral.” We have a strong “long-bias”."
And: "...our returns will likely be somewhat correlated to the …
The K-1 issue is an irritation (especially given that some of the K-1's may not be available until after April 1 - one very large MLP in particular was particularly bad last year, as I thought the K-1 wasn't going to arrive until after April 16.) I…
Reply to @Skeeter: LPEFX is interesting in that it isn't just Blackstone and the like from the US, but actually holds a number of the London-listed private equity funds. Certainly not a low-key fund, but I was surprised to see how global it was. I'…
Reply to @TheShadow: They're still able to. The AQR funds have been $1M for quite a while, but different brokers are all over the place in terms of minimums.
The funds started off as part of the whole "hedge funds for retail" push, and oddly, it wa…
I get that the website on the surface does seem a little, shall we say, "boast-y"? However, I don't get the same sense from the quarterly letters or anything else that I've read. Whoever did the website was trying too hard with the sell, but once I …
Reply to @hank: I think it's sort of the philosophy of having to do something.
It's an investment world where a manager doing something that he or she knows is troubling (derivatives counter-party risk, yadda yadda) is better than sitting in cash…
What a surprise - no one learned anything from 2008 (which, four years later, I think is the main lesson from 2008, that no one involved was going to learn anything from it) and the situation with yield forces managers to look for bizarre derivative…
You know, this thread (and a lot of threads, but this thread is an example) is a really strong example of the quality discussions that go on at MFO. Thank you all for sharing some really terrific ideas throughout this thread.
Maybe this is somethi…
Before anything else, not saying that what Whitney said came to pass (although I think fundamentals still aren't great), but I'm saying 1:) Why did this call create more upset than...just about any call I can remember in years and 2:) What can be le…
There are some London property funds (not REITs as much as "property funds" for different parts of the world), but nothing I've ever thought was compelling (and some are just bizarre.)
In terms of private funds/pools to invest in private real estat…
Reply to @MaxBialystock: That's pretty wild that you're considering moving to the Philippines. Are you looking forward to that at all?
Your portfolio is still heavily weighted towards a couple of things, but you've started to diversify more. If you…
Reply to @InformalEconomist: Thank you for the note on that, good to know. I'm curious as to what the specs on MFLDX (I'm guessing the symbol doesn't change) will be (NTF/TF, minimum investment) will be after the change.
Reply to @hank: Ray Dalio, founder of Bridgewater (which I believe is the largest hedge fund in the world, or at the very least in the US) as to his thoughts on Gold and whether he owns it - "Oh yeah. I do. I think anybody, look let's be clear, th…
Reply to @tgeno: PBT not being an MLP and not resulting in a K-1 is very interesting. Thank you for the note, I may take a look at that as well.
I'm also looking at Freehold Royalties (FRHLF) in Canada
Reply to @hank: Amazon has been offering same day service in many major markets, but it's not by UPS or Fedex, it's by local courier services who make deliveries in random cars.
There is a thread at the Amazon forum with over a thousand replies a…
Reply to @hank: I think you have an environment where Amazon can have less deals than before (and less competition in general I think will lead to less deals, and that's where I see things headed), but you still have the tax benefit and now you hav…
Reply to @Old_Joe: The day-to-day certainly may be an indicator, but Amazon in general has far, far less in the way of deals than it did five years ago.
(shrugs) Now what?
Maybe "Wimpynomics" (based on the famed economist from the "Popeye" cartoons) may have something to teach us, as to how we can get many burgers today and pay for them ... uh, did he ever end up paying his burger tab? I didn't th…
I don't own anything from Royce, but I think some of the upset/dislike comes from too many new funds from the company and managers stretched thin across several funds in some cases - how many funds is Whitney George listed as a manager of, like 12?
…
I think that's a bold move and one that will ultimately be right, although may be bumpy in the short-to-mid term.
The local coin store owner (think Old Man from "Pawn Stars") was telling people he did the same thing with the store last year (which …
If I buy a fund, the purchase is usually completed by that evening or, the latest, the next morning. Only on a couple of occasions has a fund taken two days.
Reply to @Bitzer: Ameritrade. I'm also seeing when I look up this fund (and as Vintage noted above) on Scottrade's website.
Minimums
Initial 100.00 Additional 100.00 IRA 100.00 Additional IRA 100.00
Glad you enjoyed the book! I'll also recommend author Scott Patterson's new book, "Dark Pools", which is more tech-y and a tad more dry/less personality-driven than "The Quants", but is still a pretty fascinating and highly detailed look at high tec…
Reply to @Archaic: Happy to help. The other fund I'd suggest - and which David will profile next month - is Whitebox Tactical Opportunities, a long/short aggressive allocation fund whose very detailed discussion of the philosophies behind its hedgin…
Reply to @Archaic: I've come to the conclusion that I believe managed futures works well as a hedge fund strategy but mutual funds are hampered by the mutual fund structure and are not flexible enough to pull off the strategy in today's markets. Loo…
I've had family deal with a broker (not a fidelity-type, but a large, independent/private co) and it became very apparent that every fund used was something that "needed to be sold" from high up in the co. While there would occasionally be a good fu…
I'm going to add a bit more next week and then that'll be it. I certainly see this as a long-term holding and quite like the fund.
Lastly, for those who own or considering the fund, I think the quarterly letter from the fund is quite informative an…
Reply to @CathyG: I think what I strongly agree with in terms of what nms said is this: " I personally can't bring myself to invest it in now though, too scary. I have a hard time imagining how the economy recovers and the government survives the gr…
Taken from two other threads I replied to:
In terms of smartphones, people always have gone on and on about how "Best Buy is a showroom for Amazon" and I always went, naaah, there has to be people who still are just going to go in.
Well, I don't d…
Reply to @CathyG: I think it's unfortunate that the "hedge funds for the masses" push that came out a few years ago has resulted in a few good funds (Marketfield being one of them) and a lot that are either faulty (hampered by the mutual fund struct…
Maybe he should ask his co-chairman of the campaign, former Minnesota gov Pawlenty, what to do about things like this. Oh wait, Pawlenty, who said that Wall Street should get their "Snout Out Of The Trough" is now the head of a lobbying organization…
