The Big Short

 

Michael Burry, made famous in "The Big Short" with his bet against the housing bubble has identified another trade.  To read the Bloomberg article by Heejin Kim and Myungshin Cho click here.

The Great Rate Debate

The Great Rate Debate

As expected, both the Reserve Bank of Australia and the US Federal Reserve cut rates by 25bps in July, to 1.0% and 2.25% respectively.

Read more ...

Questions to ask your Fund Manager

One of the managers we have selected in King Tide has written a note on "Questions to ask your Fund Manager". We concur with many of the points he makes, including:

"Most fund managers claim that preservation of capital is the priority.  We have not yet come across a fund saying risk-taking is more important than capital preservation.  However, most funds do not have the flexibility in their investment mandates to actually preserve capital.  If a fund can have a maximum of 10% cash and not able to hedge using derivatives, then there is no way this fund can preserve capital in a severe market decline".

To read the whole article, click here

Questions to ask your Fund Manager

One of the managers we have selected in King Tide has written a note on "Questions to ask your Fund Manager".

Timing the Market

We have recently added Firetrail Absolute Return Fund to our portolios.

Patrick Hodgens, Firetrails Managing Director explains why "Timing the Market" is a nice thought, but difficult in practice.

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