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| Craig Machel of Macquarie Private Wealth |
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| N/A | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Markets: Bonds give you negative real returns. Traditional stocks will be quite volatile for some time to come. | 2012-01-31 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Portfolio allocation for alternative investments: Get comfortable with them and then increase. 10-20% to start and then after 5-6 years, 100%. That is a means to really reduce volatility and increase consistency. | 2012-01-31 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Hedge Funds: Are they riskier than mutual funds? No. Not if you use conservative strategies. You have to understand what you are getting into. You need to put up $25,000 per strategy. | 2012-01-31 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Performance Expectation of Hedge Funds: 2011 was a difficult stretch of time. The hedge fund world is a broad world. Some strategies don’t put capital protection foremost. Look at 2008 and 2011 and that gives you an idea what to expect in the future. In both cases you are either at 0 or close to it, while stocks dropped. | 2012-01-31 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Alternative Investment Information: There are more and more resources available in Canada. Canada Hedge Watch periodical. | 2012-01-31 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Ratings of Who Had the Best Returns: Canada Hedge Watch periodical. | 2012-01-31 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Man GLG Emerging Markets Income Fund: Seeing opportunity in the bond market in this strategy. The developing world is paying a nice yield on their sovereign debt. Don’t go whole-heartedly into it. | 2012-01-31 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | ROI High Income Placement Fund: Invests in loans and mortgages in the private space. High quality loans to high quality borrowers. Never had a negative day. Banks aren’t interested in the actual projects, but the borrowers are fine. | 2012-01-31 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | SG Capital Cedar Street Fund LP: The proposition is that you have an agile, nimble strategy in poorly analyzed companies. Will turn over positions each quarter depending on announcements. Fund made 9%. No complications for Canadians investing in this US fund. Exempt of US$ risk. | 2012-01-31 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Blackheath Futures Fund LP: Makes money in the back of emotions in the market. Agriculture and metals, bonds and energy. It follows trends as they form. | 2012-01-31 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Fiera Market Neutral Fund: (Top Pick June 11/10, Down 6.5%) | 2012-01-31 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Picton Mahoney Income Opportunities fund: (Top Pick June 11/10, Up 9.20%) Great long/short strategy working in global bond markets. | 2012-01-31 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Spartan Multi Strategy Fund: (Top Pick June 11/10, Up 3.0%) | 2012-01-31 | ||
| Comment | Royal Bank | RY-T | 53.000 | Didn’t they hedge against their FX losses? Yes, their hedging went against them. They made a call on the firing currency as a means to add to the banks profits and they were wrong. | 2010-06-11 | ||
| Comment | iUnits S&P/TSX 60 ETF | XIU-T | 17.280 | Does he recommend delta hedging? Delta hedging is making money on the price movement of the underlying stock with an option strategy. An effective management. Works well in volatile times. Don’t use it for the entire portfolio. With XIU alone, he thinks you would need to use the strategy across many more securities to do it properly. | 2010-06-11 | ||
| BUY on WEAKNESS | Uranium One Inc. | UUU-T | 2.250 | Likes the space and believes the commodity will come back around. Is a volatile stock so buy when it is low. Paying out a special dividend when their recent acquisition closes. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Are they an asset class on their own? Yes, Hedge funds are a separate asset. Percent depends on who you are and what you require. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Authentic hedge fund strategy encompasses about 20 different kinds of funds. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | How does a hedge principle work: Buy long and buy a put option, for example. You can buy a commodity company and short the commodity. Hedge funds use a long/short strategy. There are some that simply aim to make significant returns at a risk. This later type get all the press. | 2010-06-11 | ||
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| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | AIMA: Alternative Investment Management Association. Their reports will say who the guys are and what they are doing. It protects against fiascoes like Portis. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Definition: Managed strategy with more flexibility than traditional funds. Protect capital. | 2010-06-11 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Picton Mahoney Cdn. Mkt. Neutral (Top Pick Nov 13/09, Up 1%) Authentic long/short strategy with a bond-like volatility. Wouldn’t expect big growth. Fantastic during the 2008 downturn. | 2010-06-11 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Polar Securities Altaris US (Top Pick Nov 13/09, Up 1.6%) Long/short US stocks and a currency hedge. Somewhat active strategy. | 2010-06-11 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Man AHL Diversified (Top Pick Nov 13/09) Fantastic track record with returns when people least expect it. Make their money in volatility. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Fees: 2% of assets and 20% of profit. Possibly above a threshold is the standard fee with hedge funds. | 2010-06-11 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Salida Multi-strategy hedge: It could take you a long period of time. Commit to the time. | 2010-06-11 | ||
| BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Vertex Fund: You have to understand the risk in this trade. If their view of the market isn’t in favour, it could take some time to make money. It isn’t a straight up ride. | 2010-06-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Trident Global Opportunities fund. This is a hedge fund of sorts. Has done well when his thesis plays out. More of a view than a hedge fund. | 2010-06-11 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Fiera Market Neutral Fund: Conservative end of spectrum. Buy N.A. equities in a pairs fashion. Long a stock in one area and short another stock that isn’t doing well. 60% over 4 years. Low, low volatility. | 2010-06-11 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Picton Mahoney Income Opportunities fund: If you are concerned about your Government/corporate bond portfolio, this is a diverse, nimble strategy in the income space. He’s up 8% since start of year. | 2010-06-11 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Spartan Multi Strategy Fund: Experience and discipline from managers that are former floor traders and market makers. Strength is capitalizing on volatility. Held up well over 4 years. Not a buy and hold strategy. | 2010-06-11 | ||
| N/A | Wharf Holdings | 0004-HK | 0.010 | Hedge fund are relevant to a retail environment in terms of diversification. Alternative strategies and hedge funds add diversification, which is harder with the globalization in the markets. Hedge funds are very much misunderstood. 99% of guys running these funds are doing a fantastic job. You get returns that are not as relevant to the rest of the world. You need an advisor that has access to these guys. You shouldn’t do hedge funds yourself. Minimum investment is $25K and there are salary and asset requirements that must be met. | 2010-06-11 | ||
| Comment | Laurentian Bank | LB-T | 43.750 | How do you hedge out risk on Canadian banks? He tries to eliminate the ups and downs of the financial sector itself. One of his managers will go Long on potential growth but might go Short something like a life insurance company. Likes this bank. | 2010-04-21 | ||
| BUY | Suncor Energy Inc | SU-T | 34.070 | On an energy pairs trade, what would be the other side for this company? He likes this one on the Long side. The other side might be another oil stock or natural gas stock that he is not so happy with. | 2010-04-21 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | (A Top Pick Nov 13/09.) Picton Mahoney Cdn Market Neutral. An authentic long/short hedge fund strategy with Canadian allocation, which is expected to give positive returns no matter where the market goes. Still likes. | 2010-04-21 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | (A Top Pick Nov 13/09.) Polar Securities Altairis US Long/Short. An authentic long/short hedge fund strategy for US allocation, which is expected to give positive returns no matter where the market goes. This fund is closing on Friday. | 2010-04-21 | ||
| PAST TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | (A Top Pick Nov 13/09.) Man AHL Diversified. British based. Have a long history of making money when you least expect it. The fund is designed to follow trends and momentum in currency, equity and bond markets. | 2010-04-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Aluminium? Commodities work on cycles than this one has been at the low end for some time. Thinks it will come back around. | 2010-04-21 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Fierra Market Neutral. This is North American equity in a pairs trading strategy. | 2010-04-21 | ||
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| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Picton Mahoney Income Opportunity. In the face of a rising interest-rate economy, this fund has more tools in the bag. They can work dynamically across the fixed income space. | 2010-04-21 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | North Pole Multi-Strategy. In a broader macro sense of things, they find opportunities and find arbitrage situations within the Canadian market. (Canada's oldest operating hedge fund.) | 2010-04-21 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Hedge Fund Industry. Following the Bernie Madoff situation there is a great movement underway to tighten up regulations in reporting. Also a greater amount of transparency. | 2009-11-13 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Hedge Funds. These are designed to produce positive returns no matter what the general markets are doing. They can also aim for outsize returns based on a macro outlook. | 2009-11-13 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Trident Global Opportunities fund. Has done well taking a bearish approach to the US economy. Their protection in the event of a down side is very solidly in place. Have a lot of cash. | 2009-11-13 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Picton Mahoney Cdn Market Neutral. Great idea in terms of a conservative and consistent end of the spectrum. They are navigating Canadian equities with next to zero correlation compared with the market. Opposite of indexes. Use Longs and Shorts. Made money through 2008 and are still making money. | 2009-11-13 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Polar Securities Altairis US Long/Short. No US$ risks. Will rarely buy commodities or financials. Have had positive returns over 12 years. | 2009-11-13 | ||
| TOP PICK | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Man AHL Diversified. British based. Have been running this for about 10 years with fantastic success. Make directional calls on different commodities and indexes. Their skill set lies in following trends. | 2009-11-13 | ||
| Comment | PowerShare DB Agriculture E.T.F. | DBA-N | 25.550 | Not familiar with this fund but he is a big fan of the agriculture sector in the context of hedge funds. | 2009-11-13 |
