Hedge Funds Made (Kinda, Sorta) Great Again Amid 2019 Market Rally
2018 was a year to forget for pretty much everyone with the possible exception of Ray Dalio's "pretty stupid" cash holders who enjoyed some of the best relative performance for US T-bills in 120 years.
But as bad as it was for nearly all investors, last year was especially trying for equity hedge funds, which suffered mightily during the October drawdown when consensus Growth/Tech/Momentum longs careened lower leading to massive de-leveraging from the Long/Short universe.
By the time it was al
How much of the “big fat buyer’s strike’ is a direct function of the unpredictable actions and demogogic rhetoric of the very unstable “genius” in the White House? Probably above their pay grade, but i’d love to hear Kolanovic and McElligott weigh in on that.
Looking at those lists it seems they long NDX vs. an adjusted short DJ (for instance they don’t dare to short Boeing). They believe in growth outperforming. Growth and outlook are more important than solid cash cows, emblematic is the long NFLX and short DIS.
They think the merge BMY+CELG isn’t going to be positive, both stocks are shorted.
Are Johnson and Johnson, Kraft, Deutsche Bank, et al going to cause any consternation in this market at all, especially with this hyper de-regulation Administration, or are they going to be treated as idiosyncrasies?
Are Johnson and Johnson, Kraft, Deutsche Bank, et al going to cause any consternation in this market, especially with this hyper de-regulation Administration, or will they be treated as idiosyncrasies?