Blogonomics 101: Some of Us New Media Journalists Might Know What Were Doing...

By: Reggie Middleton | Wed, Oct 8, 2008
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I was chided as a "journalist" who didn't have a clue in a comment from an armchair investor over on Seeking Alpha. That got me to thinking that either the populace does not expect the acumen of those that blog, or they overestimate the name brands whose moniker resides beside the term hedge fund. On that note, here is an article from Bloomberg:

Hedge Funds Fell 4.68% in September, Biggest Drop in 10 Years Oct.... Hedge funds worldwide in September recorded their biggest drop since August 1998, hurt by losses in commodities and fixed-income convertible arbitrage securities.

The HFRI Weighted Composite Index fell 4.68 percent in September, marking the fourth consecutive monthly decline and extending the loss this year to 9.41 percent, according to Chicago-based Hedge Fund Research Inc. The worst monthly performance since the firm began tracking the industry in 1990 was an 8.7 percent decline in August 1998.

"In 1998, there was the liquidation of Long Term Capital Management, which created a systemic financial situation that resulted in steep declines at a lot of funds," said Ken Heinz, president of Hedge Fund Research, in a telephone interview. "There are a lot of similarities and parallels during that period of time and this one."

...

Funds investing in energy and basic materials lost the most in September, falling an average of 13 percent, while the fixed- income convertible arbitrage funds dropped 12 percent, the researcher said.

Lee Ainslie's Maverick Capital Ltd., David Einhorn's Greenlight Capital LLC and The Children's Investment Fund Management LLP fell more than 12 percent in September as stock hedge funds posted record monthly losses and braced for client defections.

Stephen Mandel's main Lone Cypress fund in Greenwich, Connecticut, fell 14.7 percent, while New York-based Third Point LLC, run by Daniel Loeb, dropped 11 percent.

These are the latest results for the BoomBustBlog research model.

I'm considering modifying my entrepenurial pursuits, which will give me the freedom to share my proprietary trading acocunt results with blog. (as opposed to a staid "buy and hold" model without risk and cash managment and trading. I think you may be impresed.

 


 

Reggie Middleton

Author: Reggie Middleton

Reggie Middleton
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Reggie Middleton

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Well, I fancy myself the personification of the free thinking maverick, the ultimate non-conformist as it applies to investment and analysis. I am definitively outside the box - not your typical or stereotypical Wall Street investor. I work out of my home, not a Manhattan office. I build my own technology and perform my own research - in lieu of buying it or following the crowd. I create and follow my own macro strategies and am by definition, a contrarian to the nth degree.

Since I use my research as a tool for my own investing to actually put food on my table, I can stand behind it as doing what it is supposed too - educate, illustrate and elucidate. I do not sell advice, I am not a reporter hence do not sell stories, and I do not sell research. I am an entrepreneur who exists just outside of mainstream corporate America and Wall Street. This allows me freedom to do things that many can not. For instance, I pride myself on developing some of the highest quality research available, regardless of price. No conflicts of interest, no corporate politics, no special favors. Just the hard truth as I have found it - and believe me, my team and I do find it! I welcome any and all to peruse my blog, use my custom hacked collaborative social tools, read the articles, download the files, and make a critical comparison of the opinion referencing the situation at hand and the time stamp on the blog post to the reality both at the time of the post and the present. Hopefully, you will be as impressed with the Boom Bust as I am and our constituency.

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