just cleared from e-mail tray
From: J
Sent: Mon, May 30, 2011 2:58:19 PM
Subject: Re: Who want to buy China shares in that environment?
they should have just bought gold (or wagered on hk real estate or just sold put options on gdx and paas :0)
Gold
1999 Dec 31st USD 288/oz
2000 Dec 29th USD 274/oz -6%
2001 Dec 31st USD 279/oz +3%
2002 Dec 31st USD 348/oz +25%
2003 Dec 31st USD 416/oz +20%
2004 Dec 31st USD 438/oz +5%
2005 Dec 30th USD 519/oz +18%
2006 Dec 29th USD 638/oz +24% (tudor @ 11.8%)
2007 Dec 31st USD 833/oz +31% (tudor @ 7%)
2008 Dec 31st USD 889/oz +7% (tudor @ -4.9%)
2009 Dec 31st USD 1,095 +23% (tudor @ 16.5%)
2010 Dec 31st USD 1,421 +30% (tudor @ 7.5%)
... it is so difficult when one chooses to piss up the gold mountain and against the dollar wind, especially when one has to pay for the pleasure.
From: f
Sent: Mon, May 30, 2011 2:50:02 PM
Subject: RE: Who want to buy China shares in that environment?
In gold terms not very impressive
From: M
Sent: Monday, May 30, 2011 2:35 PM
Subject: Re: Who want to buy China shares in that environment?
About 7.5% annualized for the past 5 years.
On Mon, May 30, 2011 at 2:31 PM, M wrote:
Returns:
1.bp.blogspot.com
marketfolly.com
marketfolly.com
Tudor BVI Fund:
2006 11.8%
2007 7.0%
2008 -4.9%
2009 16.5%
2010 7.5%
Not bad considering his size, but nothing exceptional.
Pretty low vol, as he didn't blow up in 2008.
Hard to perform if you're more than $10 Billion.
On Mon, May 30, 2011 at 1:50 PM, m wrote:
How has his fund done in the last 5 years?
From: B
Sent: Monday, May 30, 2011 1:45 PM
Subject: Re: Who want to buy China shares in that environment?
He also likes gold, Mac...
Legendary Hedge Fund Trader Paul Tudor Jones Reports Q1 Trades
May. 20, 2011
These are the top 5 holdings of Paul Tudor Jones
CONSUMERS STAPLES SEL SECT SPDR (XLP) - 3,350,000 shares, 4.59% of the total portfolio. Shares added by 10000%
IShares FTSE/Xinhua China 25 Index Fund (FXI) - 1,871,000 shares, 3.85% of the total portfolio. Shares added by 648.4%
IShares MSCI Emerging Market Income ETF (EEM) - 1,325,919 shares, 2.95% of the total portfolio. Shares added by 41.67%
METLIFE INC. (MET) - 1,005,800 shares, 2.06% of the total portfolio. Shares added by 10000%
Microsoft Corp. (MSFT) - 1,572,775 shares, 1.83% of the total portfolio. Shares added by 326.8%
Added: Ishares Ftse/xinhua China 25 Index Fund (FXI)
Paul Tudor Jones added to his holdings in Ishares Ftse/xinhua China 25 Index Fund by 648.4%. His purchase prices were between $41.16 and $44.69, with an estimated average price of $43.04. The impact to his portfolio due to this purchase was 3.34%. His holdings were 1,871,000 shares as of 03/31/2011.
In a rare interview given by Mr. Jones recently, he said that Chinese currency is undervalued, and it creates damage in the US.
gurufocus.com
On Mon, May 30, 2011 at 11:37 AM, M wrote:
They're buying cheap options with low vol.
They could be shorting expensive options with high vol. elsewhere that have a high correlation - i.e. copper?
Or they could be short the stocks against it, making it a vol. bet rather than a directional bet.
Or they could be taking profits on existing positions, and buying options to retain their upside while limiting their downside.
That they're long call options might not tell the entire story....
JMHO
On Mon, May 30, 2011 at 11:15 AM, B wrote:
Looks like Paul Tudor Jones and Louis Moore Bacon , want to buy....
bloom.bg
Snip:
Paul Tudor Jones and Louis Moore Bacon, in a trade used by several hedge-fund managers in the first quarter, loaded up on options that pay off big if Chinese stocks rebound.
Tudor Investment Corp. of Greenwich, Connecticut, and New York-based Moore Capital Management LLC each bought at least 7 million options on the iShares FTSE China 25 Index Fund (FXI) during the quarter ended March 31, according to regulatory filings. Other money managers who used options to bet on or against the FTSE 25 included Philippe Jabre, George Weiss and Brian Stark.
then, again, Jones is not an investor...
On Sat, May 28, 2011 at 11:00 AM, M wrote:
Looks like the China market is breaking down.
Slower growth, margin squeezes, numerous reported accounting frauds, etc.
Who want to buy China shares in that environment.
And the China market has tended to lead the US market by 4 to 6 months. No? |
