tag:blogger.com,1999:blog-816559531110064247.post8944234677199053559..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: Watch smart funds on their long bond positionCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-816559531110064247.post-14324831044695610082008-09-19T22:19:00.000-07:002008-09-19T22:19:00.000-07:00When I refer to "high turnover" I meant average ho...When I refer to "high turnover" I meant average holding periods of 1-4 weeks.Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-12657157800358764382008-09-19T19:23:00.000-07:002008-09-19T19:23:00.000-07:00See: Some limitations on this form of analysis (of...See: Some limitations on this form of analysis (off to the right side).<BR/>He cites: "this technique is inappropriate for extreme high turnover funds."<BR/> CGMFX has had a 400% annual turnover rate in the past! <BR/>He also just had two great days (now 30% financials) in a row, and have made +20% @ year average investing with him for twenty years.keithpiccirillohttps://www.blogger.com/profile/16713240199705068281noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-8400961183407252172008-09-10T13:00:00.000-07:002008-09-10T13:00:00.000-07:00Hedge thing - If you have trouble please email me ...Hedge thing - If you have trouble please email me and I will try to answer your questions. Note that you can use the same technique to watch the macro exposures of your competitors...Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-70564798293847615692008-09-10T02:10:00.000-07:002008-09-10T02:10:00.000-07:00Thanks, I will try that.Ah yes, assembling a list ...Thanks, I will try that.<BR/><BR/>Ah yes, assembling a list of smart investors... almost as easy as picking stocks...<BR/><BR/><BR/>(Will re-read your February piece on An idiot's equity market neutral fund)Hedge Thinghttps://www.blogger.com/profile/04619981206668020142noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-32513176707803023962008-09-10T02:02:00.000-07:002008-09-10T02:02:00.000-07:00This comment has been removed by the author.Hedge Thinghttps://www.blogger.com/profile/04619981206668020142noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-58190179244983056682008-09-09T12:07:00.000-07:002008-09-09T12:07:00.000-07:00Hedge thing - I see that you are at a hedge fund. ...Hedge thing - I see that you are at a hedge fund. One thing you could do is to assemble a list of "smart investors" and do some factor analysis to see the beta of their portfolios to the long bond.<BR/><BR/>Otherwise, I will keep an eye on this and write a post when I see changes.Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-36695715526614199962008-09-09T02:31:00.000-07:002008-09-09T02:31:00.000-07:00I agree with Rocky! But what would be the best wa...I agree with Rocky! But what would be the best way for one to "watch for smart funds to switch their stance on the long bond"?Hedge Thinghttps://www.blogger.com/profile/04619981206668020142noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-25155956942370785652008-09-08T18:48:00.000-07:002008-09-08T18:48:00.000-07:00brilliant and insightful postbrilliant and insightful postAnonymousnoreply@blogger.com