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May Hedge Fund Performance Update: Ben Bernanke Keeps Crushing it
Yet another month in which the Ben Bernanke risk managed S&P500 Onshore Fund outperforms 93% of all other actively managed brand name hedge funds, and is on pace for the fifth year in a row in which the 2/20 world will underperform the S&P500. And the best news: PM Ben does not charge 2 and 20. Of course, there is no free lunch, and his dues will come when the world one day realizes just what the cost of reflating the biggest asset bubble in history is, but for now the music is playing and the dancing continues. As for the best funds out there? Those focusing on Japan, if only for a little longer.
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Full HSBC May YTD summary:
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I see some hedge funds finally quit heading.
So being backed by the Fed and other central banks with unlimited resources is now considered a "market strategy"? Brilliant.
unlimited resources
It's your grandkid's resources actually.....be sure and thank them for us.
Exactly. The Fed, like any bank, has nothing but paper promises to offer. Fuck them. Money is the illusion, this is and has always been about power and control over real resources (i.e. the petro dollar).
Japan is a MESS. Anyone remember Fukushima? The 3 molten cores are still spewing out cesium 137. How will QE end? I am thinking it will end in various solid tumors, leukemias, lymphomas, and death. Japan is spending money like there is no tomorrow, and they are absolutely correct. For Japan there really is no tomorrow.
Fund market strategy is now just 'keep handing us free money please'.
While I understand the frustration with Bernanke, I'm not sure I blame him for hedge fund managers' fuck-ups. Maybe it's not that Bernanke crushes the hedge funds, but that the managers aren't as clever as they like to think, and their clients like to pray, that they are.
Index funds have been around since the 70's, and people knew from the 50's that market averages very often outperformed experienced investors' recommendations. In other words, this is not new, and mortal man has been fallible for longer than the Bernank and Kevin Henry have played god. At some point, you have to stop blaming your false gods and start blaming the hedge shamans for promising voodoo and delivering dead chickens.
LOOK! THEN TEN YEAR HIT 2.17% LAST WEEK! IT'S THE END OF THE WORLD! RUN FOR THE HILLS!!!!!
Right, because the interest rate doesn't matter when you can simply print up money for the interest too. - "winning" - Charlie Sheen.
This should turn out well. The good news is I found another flat top upper for under $225 for yet another colt in my closet.
Stuff keeps getting harder to find.
If by "crushing it" they mean "buying worthless paper", then yes, the bernanke is crushing it. Nothing has changed, and the liabilities need to be funded. They cannot tax, what doesn't exist and rates on the ten year remain close to 2.2 %. Tick tock motherfuckers.
1. Open trading account, LONG S&P 500
2. ???
3. PROFIT!!!
...everyone said trading was serious business, seems pretty easy to me?
Here allow me to fix that for you.
1. Open trading account, LONG S&P 500
2. ???
3. Sell
4. PROFIT!!!
What was there to be expected? It seems perspicuous to me, that the printer-machinists plan to crush all the small protagonists in option dealing, by establishing trends between the OPEX days, which lead exactly where nobody would have expected them to go - which would in this case be downward.
A US dollar crash changes the game.