• Hand to Hand Combat in the Options Pits
    RobotTrader
    03/10/2010 - 15:22
    Things are really starting to get wild. CNBC should just eliminate the NYSE trading floor shots and replace them with battle scenes from "Hamburger Hill" or some of the medieval battles in "Lord of the Rings". Basically, everyone is out for blood today as panicked put and call holders are getting barbecued with Goldman's flamethrowers or getting bludgeoned to death by spiked clubs.
  • Party Boy Roubini Worries About Double Dip
    Econophile
    03/10/2010 - 15:04
    My favorite party boy economist, Nouriel Roubini, just came out with his analysis for the second half and he notes that we may be heading toward a double-dip recession. Too much negative news, he frets. I have been saying this for some time.
  • Your Usual Table, Mr. Papagiorgio?
    Chris Pavese
    03/10/2010 - 14:13
    It would appear that European leaders are back at their usual table. Speaking at the Bookings Institute before meeting with the US administration, Greek Prime Minister George Papandreou blamed “unprincipled speculators” and “ill-regulated” financial markets for pushing Greece to the brink of financial ruin and dragging down the euro. Along the way he convinced France’s Nicholas Sarkozy, that another financial crisis is around the corner if the CDS market is not curtailed. Sadly, we agree with the conclusion, but many European “leaders” are confusing cause and effect. Keith McCullough, at Hedgeye, explained it best yesterday when he said, “markets don’t lie; politicians do . . . hearing politicians talk about markets is like watching a southern belle try to ice fish.”

RIEF Outperforms S&P By 138 bps In October; Investors Hold Applause As S&P Down 197 bps In October

Tyler Durden's picture
Submitted by Tyler Durden on 11/04/2009 12:02 -0500



There is a sense of panic (not to mention a shift to unfiltereds from filtereds) coming out of the East Setauket lair of gazillions of teraflops in computing power. It appears one of the world's largest supercomputers keeps getting pantsed by 19 year old quants. Even as the S&P dropped almost 2% in October, and even though RIEF outperformed this performance by about 140 bps, investors apparently have had enough. With the magical line in the AUM sand of about $4 billion is likely to be crossed (in the wrong direction) very soon, your questions about the reasons behind Mr. Simons EOY retirement should be all laid to rest.

P.S. According to rumors Medallion not doing that hot in October either.

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by Anonymous
on Wed, 11/04/2009 - 12:34
#119783

why is $4B a magic number?

by Anonymous
on Thu, 11/05/2009 - 03:14
#120659

investors who bought RIEF were dreaming to get some medallion type of returns while RIEF has always been a long only controlled beta fund..

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