tag:blogger.com,1999:blog-5975869446501122263.post4404913270865406692..comments2008-08-19T19:06:19.037-05:00market follyhttp://www.blogger.com/profile/07691612544809256786marketfolly@gmail.comBlogger3125tag:blogger.com,1999:blog-5975869446501122263.post-32479616096108081192008-08-19T19:06:00.000-05:002008-08-19T19:06:00.000-05:00http://tinyurl.com/5ffcpe<BR/><BR/>Not as "near perfect and awesome" as J makes them out to be ;)<BR/><BR/>Daniel Loeb, CEO of the $5.6 billion New York–based activist hedge fund firm Third Point, has revealed in a letter to investors that his funds had suffered from a sharp reversal in energy and financial stocks during the first three full weeks of July, sustaining losses “in the high single digits” that effectively erased all of its gains for the quarter.<BR/><BR/>p.s. new SEC rules might force short disclosure - just out today<BR/><BR/>I doubt it due to political influence by hedge funds increasing but we can hope. <BR/><BR/>Man you must have a lot of rich friends to know so many "investors" in funds!TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-66832143320357945872008-08-19T18:30:00.000-05:002008-08-19T18:30:00.000-05:00yea thats the downside with looking at all the 'tiger cub' funds. they most definitely have a lot of short positions but we can't see them since they dont use puts, they're straight short selling.<BR/><BR/>and for the performance info i have a variety of resources. some i get from investors in the funds, some i get from the fund "prospectus"/fund info they send to prospective investors with their past returns. and then there's a few people who have access to that info who provide me it whenever they see it in passing or something.<BR/><BR/>bloomberg actually has it sometimes too.. they go the same route. (through anonymous investors in the funds who disclose the info.)J. (marketfolly)http://www.blogger.com/profile/07691612544809256786noreply@blogger.comtag:blogger.com,1999:blog-5975869446501122263.post-4452377690228649032008-08-19T13:21:00.000-05:002008-08-19T13:21:00.000-05:00Definitely must be making the money from the short side, not the long side - nothing too remarkable or market beating on the long side.<BR/><BR/>Its strange they dont require short positions listed - oh yes, if they had to than all the naked shorts would have to be covered 1 day before each quarter and we've had huge upswings lol.<BR/><BR/>No, I'm serious. Just imagine if in 10 big hedge funds you had more shorts sold than available. That would be caught so quickly and then the whole game is over. <BR/><BR/>Anyhow... this one has to be making money on the short side if they are having a good year.<BR/><BR/>p.s. where do you get your info about how the hedge funds are doing each quarter?TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.com