Market Folly - Latest Comments in Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

Sapphire — Mon, 24 Nov 2008 08:02:33 -0000

Is Fairholme a hedge fund? I thought it was a mutual fund.

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Tue, 18 Nov 2008 20:10:59 -0000

good deal, thanks for the suggestion

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

John — Tue, 18 Nov 2008 07:50:42 -0000

You should also track Galleon Group based in New York which is a $6 billion plus fund.

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

zip — Fri, 14 Nov 2008 10:33:40 -0000

Great, thanks for the response.

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Fri, 14 Nov 2008 00:42:05 -0000

zip,
main thesis there is global transition from cash to plastic. whether it be debit card or credit card, everyone is using plastic to purchase rather than straight cash. ma and v have no credit risk/exposure. so, the more people who have cards, the better for them... as every single transaction they get a piece of. they're simply payment processors. love both those names and have been in and out of them myself. near term there are some headwinds with the slowdown but going forward its really about a generational shift and its growing overseas. people are using cards instead of cash. ma and v skim a percentage off the top of each transaction as a transaction fee.

i saw that interview as well and was planning on posting it on the blog next week when i start to cover some of the tiger cub hedge funds via 13fs

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

zip — Thu, 13 Nov 2008 20:10:59 -0000

I saw an interview today with Julian Robertson from Bloomberg where he's still bullish on V, MA, BAIDU, and GOOG. Also, a few of the tiger cubs have positions in these companies. What do you think they see in V and MA given the slowdown in consumer spending and the restriction of credit? Also, Bill Ackman added V and MA to his portfolio, albeit small positions. What do you think the thesis is here?

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

Sam — Thu, 13 Nov 2008 18:28:34 -0000

You missed Fairholme run by Bruce Berkowitz. It's a value oriented fund with ~9B AUM. Here's the 13-F:
http://www.sec.gov/Archives...

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Thu, 13 Nov 2008 17:21:26 -0000

wow never looked into them, thanks. will definitely check it out

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

Ryan Moser — Thu, 13 Nov 2008 17:17:34 -0000

How about the Stephens Investment Management Nanocap Fund? It fits the GARP/long term investing theme and covers a corner of the market mostly neglected by the hedge fund world.

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Thu, 13 Nov 2008 15:23:27 -0000

haha guess you didn't read the list, because I already have all of those, save for Och-Ziff. thanks though, I'll add Och-Ziff to the suggestion list.

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

edp — Thu, 13 Nov 2008 15:21:55 -0000

Eton Park, Clarium, Och-Ziff, Tudor

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Thu, 13 Nov 2008 14:15:18 -0000

thanks for the suggestion!

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

Alberto Finali — Thu, 13 Nov 2008 14:04:53 -0000

Great List - I would make only one addition: TCI

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Thu, 13 Nov 2008 09:37:13 -0000

thanks dan, good idea... can't believe i've left them off the list! will do

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

marketfolly — Thu, 13 Nov 2008 09:30:16 -0000

thanks mark

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

dan — Thu, 13 Nov 2008 09:29:24 -0000

Renaissance Technology would be great, especially any info you have on the gravity defying Medallion Fund

Re: Hedge Fund Tracking Series: 3rd Quarter 2008 Edition

mark — Thu, 13 Nov 2008 09:10:41 -0000

Balyasny would be a good addition