Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
One individual or party does not control the long arc but most certainly can influence the short arc. For example Democrat policies on solar, renewables, EV credits does influence consumer and market behavior.
Republican policies around ACA, EPA, T…
The 25th amendment is interpreted by his ring kissers (cough: Cabinet) as offering zero counter-argument when Dear Leader talks about running for a 3rd term.
Continuation Vehicles, PE Secondaries, IPO, Dividend Recap, SPAC, MBO
I don't disagree that PE Primary funds are in a tight situation which is why PE Secondaries are thriving (or pass the pillow dynamic you commented on)
I suppose one can make the…
Below aren't the only exits. And I believe the author knows this. Whatever other points he's making lose credibility.
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So, how does private equity get out of this jam? They have two options:
Gradually re-price their investments to fair market v…
I watched the entire segment and it is definitely worth a watch. Gundlach is smart and entertaining even if the smarts haven't translated to his funds being a roaring success.
I am mildly bearish at this time but the counter point of "administration will do everything to juice the economy ahead of mid terms" argument is powerful. I hope AQR plays that trend well.
@FD100 - Have you ever mentioned “trend following” by name in any of your previous posts or recommended the best current trends to chase follow for the benefit of members who read you?
There are successful trend following funds. I have 5-6% so i…
EGRIX imo is much riskier than a plain vanilla bond fund due to it's strategy -- long/short, lotsa macro calls, frontier market holdings, FX risk, etc..
It has performed really well with an amazingly low SD with the falling dollar as a tailwind. Bu…
EGRIX imo is a better bond alt than QDISX. But certainly still a lot riskier than a straight bond fund. One has to have very high faith in manager capabilities.
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Understood, I should have stated my question more clearly.
Why this particular AQR fund vs. others such as Risk Premia, Style Premia, Long-Short, Market Neutral, Trend, etc..
@Junkster
Good primer, tks. Agree that the recent outsized gains cannot continue. However I still expect the spread on these over MM acceptable enough to be worth the risk. But just like you, I am keeping a close watch.
There's also this narrative around the topic (reasonable imo).
https://www.wsj.com/finance/investing/private-lenders-arent-out-of-the-doghouse-yet-19d47250?st=5ba8Re
It is a tangled web but First Brands and Tricolor being private lending heavy mis…
Interesting to find out via this outage that most customers (including large ones) do not use the disaster recovery features of DynamoDB. Maybe this is AWS nudging them to do so :)
Understood -- I am far from an expert in BDC's or corporate debt but based on the long history of manias (Tulips, telecom, mortgages, etc..) would not be surprised at all if the gusher of capital into private credit over the last decade turns out ba…
Thanks mskursh for the context. The Quality Growth program is pretty much on par with benchmark returns. Given the unusual compensation program, I might just call them to find out more about the Private Program which certainly has impressive returns…
Check Capital is interesting. Anyone know what their track record is and what they invest in? Also they have listed qualification criteria but not what minimum account size they want.
