Comments on: Hedge Fund Equity Exposure (Long/Short)

By: scott colbury

scott colbury — Mon, 22 Sep 2008 21:44:23 +0000

Did Barry ever figure out where ST got there data from?

By: Ritchie

Ritchie — Fri, 19 Sep 2008 04:05:58 +0000

Al Czervic: “The only thing that would piss me off is if they actually figure out some way to force me to buy.”

Don’t look now, but hasn’t that already, several times, recently, plus soon, again, in the near future, happened, happening, and going to happen again, in a tax bill near you?

By: shawn

shawn — Fri, 19 Sep 2008 00:42:06 +0000

Just saw the Paulson, Ben and Congress folks on CNBC.

Here would be my proposal (borrowed from the AIG solution):

1. If you want to sell/off-load your CDX’s on the newly formed RTC-like governmental entity – CEO and his team must submit their resignations along with application.

2. If there is ANY upside, the people get returned capital and LIBOR + margin…then Bill Gross (I mean bondholders), then regional banks (I mean preferred holders), and then Bill Miller (does he still have a job

3. It won’t really help… unless, of course the taxpayers are lied to and they make us pay, i.e. solve cure root-cause by giving these fat cats $$’s in order to avoid insolvency (stop, stop hiding behind the liquidity issue).

Shawn

By: bdg123

bdg123 — Thu, 18 Sep 2008 23:05:35 +0000

We will not have an RTC deal. RTC was a clearing house for bankrupt companies. It will be an equity for loan deal that keeps this shit off of the government’s balance sheet and allows the temporary creation of credit.

Shorts should have been covered in the first hour of the open today. The market rally was because of the counter-trend moves associated with OE week. Too much money would have been lost to let the market get away on the downside this week. A resumption of the downward move or at least a retest of the lows will likely happen soon enough.

By: Cal

Cal — Thu, 18 Sep 2008 21:28:27 +0000

He gets the hedge fund short data from Carpenter Analytix.

By: yoganmahew

yoganmahew — Thu, 18 Sep 2008 20:45:12 +0000

Hey Baz, you’re on RTE at the moment talking sense! You don’t hear much of that over here!

By: Steve Barry

Steve Barry — Thu, 18 Sep 2008 20:42:02 +0000

Great ideas as usual from the government…first, to solve a problem cause by loose money and credit standards, have central banks flood the system with money…then change the rules to hurt the shorts, who are buyers of last resort in these times. I guarantee that if they really make it hard to short, when the market is tanking and no shorts there to cover, it will really meltdown…I dare you to do it.

By: JustinTheSkeptic

JustinTheSkeptic — Thu, 18 Sep 2008 20:41:58 +0000

I was controlling 12,000 shares ggp via puts today…needless to say I’m taking a few days off. Oh, 20 – oct 22.50, and 100 – sept 22.50. Best move I’ve enjoyed to date. Good luck everyone! Thanks BR, your insight/macro perspective is priceless.

By: PureGuesswork

PureGuesswork — Thu, 18 Sep 2008 20:36:13 +0000

Looking at the url on that graphic (CarpenterAnalytics.com), it looks like their “hedge fund data” is actually CTA data. “Hedge Fund Analytix tracks CTA fund exposures in analysis of their returns streams.” I am not sure if using CTA managed futures funds should really be considered a model for “hedge fund positions.”

By: leftback

leftback — Thu, 18 Sep 2008 20:32:15 +0000

I will be interested to read Barry’s take (Mish is already in full rant mode) on the Resolution Cesspool.

This is obviously bad for Treasuries. The money from Treasuries will flow to? Stocks, maybe for a while? Gold. RYJUX, DXKSX, are worth a look for a low risk trade, maybe?

Have a good night everyone, and good luck tomorrow. Bruce, you can leave the hamburger with the doorman…