Hede Fund Basics
Hedge Fund basics: Read (Powerpoint).
Archive for June, 2005
Paul Mulvaney
A good Q&A with trend follower Paul Mulvaney: Read (PDF).
Success and Motivation Part 2
I also liked this second take from Mark Cuban on success and motivation (PDF).
1000 Trend Following Book Order
One buyer bought 1000 copies of Trend Following recently. This particular buyer has specialized in the managed money arena for 16 years. While tens of thousands of copies of Trend Following have been sold so far, this is the single largest purchase from a private buyer.
The Oil Factor
Crude oil is again trending. How high or low it will go is unknown, but the books targeting “oil profits” abound. One called The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis states that:
Hedge Fund v. CTA
An email arrived today:
“I am just wondering, what is the difference between a hedge fund and a commodity trading advisor?”
Good question. Take a read of a prior blog entry.
Reuters Misses the Point
From Reuters:
“SINGAPORE, June 20 (Reuters) - Oil prices soared to a new record high over $59 a barrel on Monday, extending last week’s surge as a threat against Western consulates in OPEC member Nigeria jolted traders already worried about tight supplies. Oil prices climbed more than 9 percent, or nearly $5, last week, drawing additional buying interest from trend-following hedge funds as they surpassed the previous early April high.”
Trend followers are not pushing the market to $60. They are following a trend.
