Michael Novogratz on Wall Street Week

Anthony Scaramucci's rebooted show Wall Street Week recently interviewed Fortress Investment Group's Michael Novogratz.

He talked about how macro trading/investing is a mix of analyzing various inputs and that, "Trusting that intuition is the hardest part of this business."

Novogratz also talked about the activity in the bond market and how some investors are calling for a top.  He thinks the mentality has shifted from "buy the dip mentality to a sell the rip mentality."

He also thinks macro investing will enter some fertile ground soon.  With the Federal Reserve probably raising rates in September, he thinks that will trigger a series of portfolio adjustments.

Embedded below is the video of Novogratz's appearance on Wall Street Week:



Be sure to scroll through interviews with other prominent hedge fund managers on Wall Street Week here.

Sohn Conference Notes New York 2014: Einhorn, Tudor Jones, Shumway, Laffont & More

Below are notes from the 19th annual Sohn Investment Conference in New York, produced in partnership with Bloomberg LINK.  As always, top hedge fund managers pitched their latest investment ideas to benefit pediatric cancer research.  Here's this year's edition.


Sohn Investment Conference Notes: New York 2014

David Einhorn (Greenlight Capital): Short Athena Health

Bill Ackman (Pershing Square): On GSE's Fannie/Freddie

Philippe Laffont (Coatue Management): Long Liberty Global

Chris Shumway (Shumway Capital): Short the CNH, long Moody's

Larry Robbins (Glenview Capital): Long Humana, WellPoint, Monsanto

Paul Tudor Jones (Tudor Investment Corp): On the macro environment

Michael Novogratz (Fortress Investment): The case for Brazil

James Grant (Grant's Interest Rate Observer): On Russia and Gazprom

Jeff Gundlach (DoubleLine): Short homebuilders

Zach Schreiber (PointState Capital): Long refiners Valero & Marathon

Mariko Gordon (Daruma Capital): 3 long ideas

Dan Ariely (Duke University): On the psychology of money

Investment Contest Winner: Michael Guichon: long Fiat


And if you missed it earlier, we also posted up notes from the Next Wave Sohn Conference.  This was the mini-conference that took place before the main event where emerging managers pitched their latest ideas.

Michael Novogratz on Brazil: Sohn Conference Presentation

We're posting up notes from the Sohn Investment Conference in New York, produced in partnership with Bloomberg LINK.  Next up is Michael Novogratz of Fortress Investment Group who pitched a contrarian play of going long Brazil.


Michael Novogratz's Sohn Conference Presentation

Wrestled at Princeton (he was one of the people that helped get wrestling back in the olympics), 11 years at GS, was a helicopter pilot.  First time speaker. Spent time discussing the current macro environment.

Says it was partially the bad weather and expects volatility to remain low. Pitch: Long Brazil. It's been hard to make money there for the last 4 years.  Contrarian pitch- "things are so bad, that they are good."

Be sure to check out the rest of the presentations from the 2014 Sohn Investment Conference.