What I have read this week (June 28)

1 A lobbying tempest engulfs financial overhaul (Yahoo Finance)

2 SandRidge hedge fund hit in June by natgas trades (Reuters)

3 AOL Waves Bye-Bye To Bebo (Forbes)

4 BP shares hit 14-year-low; shares down over $104B (Yahoo Finance)

5 FACTBOX-New regulations limit banks' investments in hedge funds (Reuters)

6 Asian hedge fund hopes take a dive in 2010

Cliff Asness discusses trading strategies in AQR Captical Management

Recently, Cliff Asness was interviewed in Chicago which he talked about how to make money in a volatile market. He talked about mutual-fund format fund can be used to make money in either market direction, up or down.

What I have read this week (June 21)

1 A lobbying tempest engulfs financial overhaul (Yahoo Finance)

2 SandRidge hedge fund hit in June by natgas trades (Reuters)

3 AOL Waves Bye-Bye To Bebo (Forbes)



4 Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning by Katherine Burton



5 Gold Is Good, But Gold Mining Is Better (Marketfolly)



6 BNP Vet McGrath Garners $500M For Hedge Fund (FINalternatives)

Jim Chanos is Short-Selling Ford

I just heard on Bloomberg today that Ford has jumped as the No 1 car maker in the industry in terms of new car quality. However, just few minutes later, I also heard news that Jim Chanos, the well knowned short seller in Enron and mortgage crisis, has a short position in Ford. Let us hear what are his reasons for doing that.

Hedge Fund Analysis on Dan Loeb's Third Point (2010 Q1)

My next analysis is on Dan Loeb's Third Point, LLC. Dan Loeb's top 10 positions has a return 0f 25 percent this year beating the S&P 500 about 5 percent. We can see his portfolio is quite diverse, so his perfomance is very similer to the market as a whole. He had a lot of trades in the first quarter and in the second quarter. He had a few bad trades in the first semester, such as the Citi Group[C] trade. Dan got out his position on Citi after it went tumbled. And he sold it completely, which the market has told us was a really bad move. Also, he left his position on Popular Inc [BPOP] too early. The stock went up more than 100 percent after he sold the stock.

Total Market Value: $1.4 billion

Top Sector:

29% Financial

16% Technology

13% Health care

6% Capital goods

11% Services

24% Others

Top 10 Holdings

1. PHH Corp (PHH): 7.6%

2. Transdigm (TDG): 6.8%

3. CIT Group (CIT): 6.5%

4. Wellpoint (WLP): 6%

5. Health Net (HNT): 5.3%

6. Liberty Interactive (LINTA): 5.2%

7. OSI Pharmaceutical (OSIP): 5.1%

8. Xerox (XRX): 4.9%

9. Airgas (ARG): 4.2%

10. Walgreen (WAG): 4.0%

Recent Trades:

5/21/10
buy
Airgas Inc [ARG]
$61.48
5/21/10
buy
Liberty Interactive [LINTA]
$12.67
5/21/10
buy
OSI Pharm Inc [OSIP]
$57.38
5/21/10
buy
Walgreen Co [WAG]
$33.10
5/21/10
sell
Cablevision Systems Cp Class A [CVC]
$23.20
5/21/10
sell
Citigroup Inc [C]
$ 3.75
5/21/10
sell
Mead Johnson Nutrition [MJN]
$49.09
2/19/10
buy
CIT Group Inc [CIT]
$32.62
2/19/10
buy
Cablevision Systems Cp Class A [CVC]
$22.91
2/19/10
buy
Citigroup Inc [C]
$ 3.42
2/19/10
buy
Mead Johnson Nutrition [MJN]
$46.58
2/19/10
buy
Wellpoint Inc. [WLP]
$58.47
2/19/10
buy
Xerox Corp [XRX]
$ 9.16
2/19/10
sell
Bank of America Corp [BAC]
$15.86
2/19/10
sell
CF Industries Holdings Inc [CF]
$104.00
2/19/10
sell
Liberty Acquisition Holdings Corp [LIA]
$ 9.75
2/19/10
sell
Molson Coors Brewing Co [TAP]
$40.59
2/19/10
sell
Pfizer Inc [PFE]
$17.80
2/19/10
sell
Popular Inc [BPOP]
$ 2.00

Taken from Alphaclone

"Third Point, LLC is a New York based hedge fund with a focus on activist investing. The firm was founded in 1995 by Daniel Loeb who is know for his vocal and public criticism of management when he views the company as underperforming."

This week's highlights on hedge funds (June 07-14, 2010)

1. Hedge Funds, Real Estate Funds Fight Tax Plan (The Street)

2 Ex-SAC President Cohn To Launch Hedge Fund (FINalternatives)

3 Possible EU Compromise On Foreign Hedge Funds (FINalternatives)

4 Stock-Market Brainiac Starts Hedge Fund (The Street)

5 Hedge Fund Industry Platform Should Boost Transparency and Efficiency (Seeking Alpha)

What I have read this week (June 14)

1 Private Equity's Peculiar Plight: So Much Capital, So Little Credit (Investor’s Business Daily)

2 The Quants by Scott Patterson

3 Wall Street to cities: wanna sell that bridge? (Fortune)

4 Why the worst isn't over yet (Fortune)

5 Europe's Banks May Face Second Funding Squeeze Amid Sovereign-Debt Crisis ( Bloomberg)