Dividends Post A $62 Billion Turnaround
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The rebirth of dividends in the U.S. domestic market which started in the first quarter of this year has continued in the second quarter, with more issues increasing their cash dividends, but more dramatically, the downslide in decreases has stopped. The hole in investor’s pockets has been closed, but filling it back up again will take years. For the second quarter of 2010 only 34 U.S. common listed issues decreased their dividend rate verses 250 issues that did so in the second quarter of 2009, and increases picked up 43.8% for the period to 335 issues from 233 issues last year. Overall, indicated dividend rates went up $7.0 billion for Q2,’10 verses a $4.9 billion reductions in Q2,’09. The first half of 2010 posted a $13.4 billion increase in dividend rates compared to the $48.6 billion decline in the first half of 2009 – a $62 billion turnaround. But before you go out and celebrate realize that we have just started to come back from the worst dividend period in history. While some companies have increased, it will take years just to get back to where we were in 2008. Specifically I believe it will be 2013, and that is if the economy improves, if not,.. So the bottom line is yes we are headed in the right direction, but the ‘road is lonely, dark and deep’ and many dividend investors need the money now. One other note, the BP suspension, which two months ago would not even have been thought of, has rightfully unnerved dividend investors. They now need to more closely examine potential liability issues. In addition to environmental issues, they need to add medical and consumer products, plant and working conditions, and services to the list of concerns.
Please see file for details
dividends_201006.doc
Original source for this article: Business Week
A Lack Of Information On European Sales, But This Is What We Have
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I do an annual foreign report based on the S&P 500. Reporting requirements are poor, and companies are big on pictures and bad on tabular tables. The result is that only half the issues supply sufficient data for the report. What investors need is a matrix, similar to the one that shows the impact interest rates have on pensions, where we would know what is produced where, then where it is sold, and finally, where it is booked – and of course if there is any currency hedging going on against either the production or the sale. With that information we can quantify the impact of changing currencies, and then the impact on profits. I would put the chances of getting any of that at significantly less than the Giants and Jets meeting under a sunny sky in the 2014 Super Bowl. That all said (as it has been for years), I am attaching a list of several hundred S&P 1500 issues that have declared their 2009 fiscal sales, along with a few ratios. It will not permit you to create a matrix, but it’s all we get, so start with it.
Initial fiscal 2009 numbers show U.S. 2009 foreign sales in the S&P 500 slightly dropped from to 46.97% from last year’s 47.94%, after 5 years of increases. Foreign income taxes paid are again ahead of U.S. Federal income taxes, but at a lower rate: Foreign is 52.4%, down from 55.8% in 2008. European sales accounted for the largest share (slightly less than 30%) of declared foreign sales (or 14% of total sales).
There are several aspects for European sales. The S&P SmallCap600 has only 4% in European sales, but may benefit from imported component parts used in their product (which they may not have to pass along to their customers – capitalists), while larger issues may loose both on sales and translation, but be insulated by size. The full report will be issued in July (June is Pensions & OPEB – a 26% market gain in 2009 hasn’t helped that much; also in June are Q1 final cash and buybacks, and potentially dividends – it’s been a very good half).
Original source for this article: Business Week
June Dividend Watch List
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I found five major issues which have a history of increasing in June. They are Bard (C.R.), Darden Restaurants, General Mills, Medtronic, and Target. YTD dividends are hot, with 123 increases and 2 decreases; last year it was 79 increases and 63 decreases. More relevant is that this year we’ve added $9.3 billion, compared to last year when we took away $39.8 billion.
Also, given our attempts to estimate the Euro’s impact, I found the 25% dividend increase by Tiffany (second this year) to be interesting. Since the Euro became front page news just prior to their announcement, I would speculate that the company did a full review (at least they better have) of the potential impact of the falling Euro, and its impact on their sales and profits. It is of course possible that they planned to increase their rate 30% before the review, possible, but what we do know for sure is that after their review they increased it 25%.
See file for details
June dividend watch list.doc
Original source for this article: Business Week
ONE YEAR LATER – THE EASY PART IS OVER, NOW THE FUN BEGINS
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On 3/23/2009, I sent out a memo about the S&P 500 being back over 800. In retrospect, it was up 22.6% over the 10 trading days since the 3/9/09 low; the next 239 trading days produced a 36.5% gain. So, with the one-year anniversary of the Bull market coming up Tuesday (technically the opening of Wednesday, March 10), below is a status report.
I’ve added a few text lines to highlight, but mostly its data (file attached) for your use.While 97.6% of the S&P 500 are up over the year, only 24.1% are up from the October 2007 high. Turning things around and getting them to work again was key. However, the driving forces over the last year – fewer layoffs, a reversal of the credit crunch, and fewer massive write-offs, have been replaced by the need for stable jobs and growth, which may prove a bit slower to develop. Hopefully things will get better, but don’t count on them getting easier.
Original source for this article: Business Week
Consumers Just Didn’t Get The Memo – Everything Is Beautiful
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February was a sweetheart of a month, with love for all (it’s all in the definition), and not just on the 14th. The FDIC loved another 500 banks, raising its list of ‘challenged’ institutions to 702 from the 252 that were the center of their admiration at year-end 2008. Google decided to engage China in talks, as one part of Congress accelerated their love for Toyota, while another part of Congress yielded their approval for Ben with hopes of him not yielding some back. The quick Volker rule seemed to be more of a dating process, sometimes called discovery, other times called politics. Wall Street quantified that its love for bonuses had derived a 17% growth rate (not sure if there is a default swap on it – they never tell you to after the event), as both buybacks (at least for authorizations – the proof however is in the trade) and dividends (best month in 2 years – and that’s cash in your hand) come back into fashion. The Democrats and Republicans tenderly played with Health Care, in a picture (or photo) perfect setting, as investors fell in love with the dollar (actually they just liked the Euro a lot less), new home builders decided they loved their homes too much to sell them, translating into an 11.2% sales decline in January, as existing home owners also stayed put, as represented by a 7.2% decline in existing home sales. GDP was set 5.9% for Q4, but warnings emerged that 2010 may not be as good (everything is relative, and as stated in the definition). Canada started off depressed by its lack of metal, but cheered up as its ladies hockey team took gold (with the ladies starting the party on the ice); Canadian investors however were much more happy, as Canada performed the best of all global equity markets in February, permitting those people to party even more. The only one left on the side line appeared to be the consumer, whom with no one to turn to, were down right depressed over their insecure, paranoid, emotionally inspired belief that higher prices, higher taxes, and fewer jobs were ahead of them (where do they get that from? didn’t they get the memo?). That, even though it now appears that many of them may be classified as rich. These malcontents sent the Consumer Confidence Index down to 46 from an already discouraging 56.5; someone needs to lobby them a pick-me-up e-card, or at least something more than a token stimulus package. March madness is coming (Syracuse will beat Villanova, but in the end ‘you’re not in Kansas anymore’; if the President speaks basketball, you need to speak basketball), but in Washington, March madness will be called reconciliation, which should insure late-night TV employment.
Full February report available
Original source for this article: Business Week
The Good News Is Washington Is Working On It, The Bad News Is Washington Is Working On It
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The 8.1% market decline from the Jan 19th Bull market high through the Feb 8th pullback low appears to have stabilized, at least for now, with the market gaining back about half of it’s loss, and holding onto a 63% gain, as the one-year anniversary of the Bull rally that started March 9th approaches. Of course, we still need another 41% to get back to the March 2007 high and even more depressing is that the hang over from the 1999 party remains (when the S&P 500 posted an annualized total return of 18.2% for the decade, or 433% in all), with long term investors down 33% from the turn of the century. Oh well, that was yesterday and today is now. And while today is still not clear, it is starting to take shape with familiar issues and arguments. The current debate is between the higher Bank rate by the Fed which could push rates up versa the January Core consumer rate which was down -0.1%, the first negative since 1982; the political debate is over the impact of the stimulus spending on jobs – both prior and the expected new one.
The market has had low volume for several months now, which includes the mini-pullback, and while there have been numerous opportunities inspired by economic, fiscal and issue data to trade, many investors are standing pat, with a sizable amount of cash on the side line. Overall, this lack of commitment is viewed as a sign of uncertainty and to some degree a lack of faith in global leadership to make things better – which in itself is a sad commentary.
Earnings were very good for Q4, and Q1 is also expected to show a nice increase, with a notable increase in Energy mostly due to a devastating Q1,’09 comparative. But sales remain the true issue, and they haven’t increased that much, and future sales growth is expected to be slow. Margins for Q4 were very high due to cost cutting, and that is expected to continue throughout 2010. We have already seen several issues announce additional layoffs, with some being minor when compared to their last year’s move. Humana and Boston Scientific will layoff 2,700 employees, but Merck will cut 15% of their newly acquired Schering-Plough division, Xerox is letting 5% go, and Verizon is targeting 13,000 employees for 2010. Those should help corporate earnings, but they can’t be good for those let go, the economy or municipalities, and they defiantly won’t inspire consumers to go out and spend more, which in the end can’t be good for long term profits.
Balance sheets are looking good. While cash appears to have dropped from its Q3 all time high, it remains very high at 72 weeks of expected 2010 operating income, giving company’s many options, including more aggressive M&A to increase sales. Buybacks are now back in style, at least in the announcements. The actual market buybacks, while up from the lows, remains well off the peak, and I expect that they will stay off their peak, but still outpace dividends, as companies buyback enough shares to prevent dilution, but not enough to improve EPS through share count reduction. The dividend news is all good with more issues increasing, fewer decreasing and coverage ratios for the top payer being at a more comfortable level. I believe the full year will produce a 5.6% dividend gain, with the second half being better than the first, if the economy cooperates.
The bottom line however is that a good deal of the markets fate lies in Washington. Companies can position themselves, develop product, form alliance and trim down, but if the overall economy doesn’t continue to improve, or if consumers and companies don’t believe that it will improve, then it won’t. And the bottom line to that item is jobs. The good news is Washington is working on it, the bad news is Washington is working on it.
Original source for this article: Business Week
Four Weeks Down, But Limited Damage
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The index posted its fourth week of market losses, an event not seen since March 2009. However, this week’s damage was a minor -0.72% (Monday was up 1.43%, with Tuesday was up 1.30%) and the cumulative four weeks of damage was 6.88% (7.31% off the 1/19 high), compared to the 16.01% in March, and today ended with a field goal, as the market moved up slightly (0.29%) in afternoon trading. U.S. volatility (and damage) was much less than global, as concern over sovereign debt was added to the concern over the pace of growth.
With over 75% of the Q4 EPS in the bottom-line is good, relative to where we are in the recovery cycle, but non-financial sales still lag, and until they pick up, hiring won’t pick up. Dividend increases continued throughout the week, with more positive news expected next week. February is the busiest month for increases (fiscal over, annual being printed and share holder meeting coming up), but there are still issues that are straining to pay their dividend (didn’t make it in ‘08 or ’09), and we expect some negative news to start late in the quarter.
Its time to look at the long term whole picture, not just the trader’s notes. Look to the basic fundamentals – earnings, balance sheets, production and capacity, as well as balance sheets and business models. When these items come back in style and become relevant to investors, short-term tick by tick trading based on each news items or stat will diminish (but still exist, risk vs. reward), and investors will return to the market.
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Original source for this article: Business Week
Don’t get fleeced with the rest of them
Latest News about traditional investments.
Some stories just have to be repeated. Like the one from Sweden that tells of a collapsing floor during a Weight Watchers weigh-in. As twenty or so dieters filled the room to measure the fruits of their effort, the floor beneath them rumbled then failed.
Priceless irony.
It proves Americans, especially us East Coasters, aren’t the only ones with size-management issues.
As the markets sink under their own weight today, I cannot help but think much the same is taking place on Wall Street. The equities market can only hold so much fat before it gives up support and comes crashing down.
I rarely use technical analysis as a primary analytical tool, but I will use the help of charts and lines to back up my opinion and help find out exactly where trouble may lie in the road ahead. Just like we don’t drive by staring at a roadmap, we can’t invest solely on the charts. But when you’re lost, there’s nothing like a quick glance at a map.
When I wrote to TFN Strategic Trader members this morning, I told them to watch the action of the S&P 500 closely. The key index hit the pivotal 1,150 mark yesterday and almost immediately turned the other direction.
It is a sign that investors need to prepare for a correction. We are seeing the front end of the action today as the markets give up more than 1% of their value.
If you are a frequent reader of Notes, the action is no surprise.
Only an economic fool believes massive government spending, bailouts and increased regulations will lead to a sustained rally.
There is no way current valuations will hold unless we get two things, more jobs and more credit. Everywhere I look, companies are begging for loans and laying off more employees.
Get this. Over the last decade, for every dollar this country saw in GDP growth, we took out $6.02 in additional credit.
Now that that credit has dried up and, even worse, has left massive holes in corporate balance sheets, there is no way we are going to realize higher valuations until we either restore credit or shake out all the marginal players.
According to the front page of my local newspaper, the latter is happening quicker and quicker. Just today we lost another major employer and a local restaurant. Even worse, a local school district is figuring out how to close a $200 million budget gap now that it has raised taxes as far as it legally can.
It’s the same kind of story all over the country.
It’s evident that investors are pulling their money out of stocks and putting it back into the safety of the Treasury market today as the yield on the 30-year plunged by double-digit proportions. As much as investors hate America’s borrowing habits, Uncle Sam remains one of the strongest protectors of assets.
Until that changes, we aren’t going anywhere.
*** Don’t think the news out of JPMorgan Chase (NYSE:JPM) is any indication that we are on a path to recovery. This bank and its Wall Street brethren are raking in profits as the markets re-inflate after the credit bubble collapsed.
In fact, they’d love to see it pop once again as they hedge away their risk and profit no matter which way the market swings.
As long as they are covering all sides of the trades and have Washington chasing its regulatory tail, we are going to see these financial smartypants raking in huge profits and walking away with mouthwatering bonuses.
But their profits don’t say anything about small-town America’s ability to prosper. Instead, Wall Street’s profits show how volatile and dangerous it is to be trying to make a buck in this country.
If JPMorgan is making money, somebody else is losing it.
That’s why it’s great to be a contrarian investor. We don’t get fleeced with the herd.
Original source for this article: Contrarian Profits
Who is telling the truth about China?
Latest News about traditional investments.
Baltimore — Who do you trust more, the Chinese government or the politically connected folks at the helm of Goldman Sachs?
For years, the Street has looked at any Chinese economic data with a weary eye. Without the checks and balances of a democratic government, Beijing had plenty of reasons to manipulate its growth figures.
Even though all signs point to a strong, stimulus-fueled recovery, most pundits refuse to believe the country’s tales of double-digit GDP growth.
But the folks at Goldman Sachs are taking the disbelief in a different direction. According to reports from the banking behemoth’s analysts, China likely grew by 13.1% last month.
It is a bold claim in a year when Chinese officials estimate domestic growth of a much more moderate 8.5%. It is also a bold claim for a company whose “book” is filled with Chinese investments. After the action of the past two years, Goldman is obviously just as adept at using its shaky “research” to its own advantage.
But why is China’s GDP debated so ferociously? And more importantly, why do we care how fast the country expands?
It’s all about the currency. Without a yuan that freely floats against the dollar, it is in China’s best interest to put its best foot forward. Right now, with such a large gap between American and Chinese economic growth, it is strategically important for China to appear weaker than its foreign competitors.
Weakness means strength.
For Goldman, perceived strength equals stronger trading profits.
Believe who you want. They’re all liars.
*** It is a different story a third of the way around the world in Iceland. For the country that has become the punch line of banking circle jokes, the government’s recent decision to repay its obligations to the Netherlands and Britain was an important step in the recovery process.
If it were not for the Icelandic president’s veto, the country would be cutting a check for $5 billion to the Dutch and British.
With nearly a fifth of the economically ravaged country’s citizens signing a petition stating their disdain for getting stuck with such a sizeable bill, President Grimsson was compelled to veto his government’s legislation for just the second time in the country’s 66-year history.
Now it is not his constituents Grimsson has to worry about. It is his European brethren.
Obviously, London and The Hague are none too happy. The International Monetary Fund, with its plans to send the troubled country a bailout check worth $4.6 billion, is downright confused. And the European Union doubts whether Iceland will maintain its fast track to joining the pact.
All in all, this is a no-win situation in Iceland that proves even the most expensive of government bailouts and stimulus programs will not erase the far-reaching effects of a global financial meltdown.
What these two stories should tell investors is there is one thing controlling the markets these days… greedy, selfish, economically retarded governments.
China is lying about its economic growth. Iceland is realizing why its government up and walked out. And Goldman is raking in money like never before.
All of the conniving and manipulations adds up to volatility and, more importantly, unpredictability.
By traditional measures, market volatility is on the decline. But let me ask you, do things feel any safer than a year ago? Is the future really that much more clear? Absolutely not.
We’ve got guys trying to blow up planes with their underwear and a congress trying to skirt the democratic process to pass legislation that will rewrite a huge chunk of the nation’s economy.
It is far from safe out there. That’s why gold remains above the $1,100 mark, the dollar remains historically weak and it is why few businesses are willing to seek out growth.
The situation is as bleak as ever.
I am not saying we are going back to Dow 6,000 anytime soon, but all this nonsense about the recession being over and a straight road to recovery awaiting us is pure junk.
I’d rather believe in global warming than a safe and secure economy. And we all know how Al Gore is feeling these days.
*** Since China is a hot topic today, you can add Australia to the list of countries not so happy with Beijing’s antics.
After entering a $20 billion deal to buy liquefied natural gas from Australia’s Woodside Petroleum, China has announced the contract’s deadline has passed and it is backing out of its previous decision.
As natural gas prices have plummeted over the past two years, thanks to massive efforts in drilling technology and recovery techniques, China now realizes the figures in the proposed deal are no longer viable.
This is good news for gas investors across the globe.
If you recall, over at TFN Strategic Trader, we recently locked in gains of 400% by playing the industry’s moves. China’s indecisiveness and a recent surge in prices have created yet another profit opportunity.
The LNG market is on the ropes. With the help of economic recovery, gas exporters may be able to gain enough strength to re-enter the fight. But if traditional fuel sources begin to pay off like they are expected to, there may be no reason to endure the hassle and expense of compressing gas and shipping it across the globe.
This is going to be an interesting industry over the next year. Contrarian investors will be wise to pick up any of the “apparent” losers on dips. What is a loser today is likely to be a winner tomorrow. At least until it’s a loser again.
Got it? That’s trading for you.
Original source for this article: Contrarian Profits
List of Hedge Funds
This is a complete list of hedge funds for individuals and companies (new hedge funds included):
- The Abernathy Group – Long/Short equity alternative asset management firm located in New York City.
- Adair Capital LLC – Private research and alternative investment firm specializing in hedge fund of funds.
- Aerodynamic Investments Inc – An offshore and domestic hedge fund with extensive chart libraries to learn about technical analysis.
- Aida Capital International – Company manages diversified portfolios of investments in hedge funds.
- Alter Capital – Offers a club solution to selected individuals looking for access toward alternative assets, hedge funds and venture capital.
- Alternative Investment Strategies – An investment trust that is a listed in the UK. It is a globally diversified, multi-manager fund of hedge funds.
- ALT-FX Limited – Australian based hedge fund manager regulated and licensed by the Australian Securities and Investment Commission(ASIC). Runs a FX hedge fund domiciled in the Cayman Islands.
- Arden Asset Management – Investment Manager that offers resources for managing fund of hedge fund portfolios.
- Around the Clock Trading and Capital Management, LLC – A domestic market neutral Hedge Fund limited to accredited investors.
- Artradis Fund Management – An absolute return asset management company focused on delivering above average, risk adjusted returns in Asian markets.
- ASA Home page – Money manager delivering non-correlated, absolute returns to its qualified investors. The Funds seek to maximize after tax, risk-adjusted returns.
- Aspect Capital UK – Alternative investment manager for institutions and wealthy individuals. Portfolios independent of stock and bond market indices.
- Asset Value Investors Limited – Money management firm established in 1985 to manage the assets of British Empire Securities & General Trust plc. In 2004 formed a US entity for managing US funds.
- Aster-X Capital Management BV – Hedgefund manager, alternative investments based in Amsterdam
- BlueCrest Capital Management – Hedge fund manager contact details, and password-protected information for investors.
- BluMont Capital – Canadian hedge fund company.
- Bonita Capital Management, LLC – A private investment management organization dedicated to market-neutral investing.
- Burlingame Asset Management – Manages Burlingame Equity Investors (BAM-I), a long-short value-oriented hedge fund.
- Cadogan Management, LLC – Private investment management and research specializing in hedge fund-of-funds.
- Camomille Associates Limited – Offers two open-ended investment products, the Camomille Global Macro Fund and the Momentum Global Fixed Income Fund.
- Capital Fund Management – Paris based manager specialised in statistical arbitrage on futures,equities and options.
- Carnegie WorldWide Long/Short – Long/short fund whose primary objective is to deliver positive returns every year. The Fund’s managers will seek to deliver the highest possible return taking into account the primary objective and with the 3-month money market rate as benchmark.
- Culross Global Management Limited – A Fund of Funds manager specialising in themed portfolios of Hedge funds.
- Cupps Capital Management – Site includes a description of CCM’s investment strategy, investment process and historical returns.
- DFL Financial Services SA – Swiss financial company which specializes in offering financial services to institutional and private investors in all derivative and cash markets.
- DRC Capital, Ltd. – Venture capital fund investments in alternative energy, nanotechnology, American inventors, entrepreneurs, oil and gas, gold, real estate.
- Eagle Rock Diversified Investment Fund – Hedge Fund managed by Eagle Rock Partners. An exclusive membership-driven Hedge Fund Opportunity, for accredited potential individual, IRA, pension, corporate, trust, endowment, and family office investors
- Eclectica Asset Management – Founded in 2005 by two ex-partners of Odey Asset Management. It was established on the premise of performance-driven absolute return investing.
- Eiger Capital Limited – A credit research intensive investment manager specialising in the management of collateralised debt obligations, structured investment vehicles, and institutional corporate bond and asset-backed securities portfolios.
- EIM Group - Manager specialising in tailor-made Funds of Hedge Funds portfolios. A privately owned firm which prides itself on working independently and objectively.
- Endevon Capital, LLC – Manages multi-manager hedge fund portfolios for private clients, family offices and small institutions.
- Epic Capital Management Inc. – A long/short equity hedge fund. Our goal is to achieve superior risk-adjusted returns. The fund is managed by Dave Fawcett and Tom Schenkel.
- Everest Capital – A global investment advisory firm managing over $2 billion in a family of hedge funds for institutional and high net worth clients.
- EWorld Fund Management LLC - Specialized technology hedge fund.
- Fabien Pictet & Partners Ltd – Funds managed: FPP Emerging Hedge Fund I (Global, Absolute Return); FPP Emerging Markets Fund II (Global, Relative to MSCI); The 395 Fund (European Emerging Markets, Absolute Return; GEMs Bond Fund (Global Emerging Markets Absolute Return. Total AUM $200m USD.
- Ferrell Capital Management – Manager of a Multistrategy Fund of Hedge Funds / Absolute Return Strategy. The fund features controlled risk, consistant compounded returns and a low correlation to the S&P500 Index. The firm specializes in risk management.
- FMG – Fund managers limited – Selects the world’s leading money managers and offers institutions and private investors a simple, effective and low-risk way to invest with them.
- Fundana Group - Investment advisors based in Geneva that advise on Fund of Fund products.
- Global Equities Management – An asset management firm specialized in Emerging Markets.
- Gordon Asset Management – A New York based firm which manages hedge fund of funds.
- Guidance Capital - Alternative investment manager offering hedge fund of funds. The firm offers a variety of products focusing on absolute return as well as long biased equities.
- Hedge Fund – Absolute Value Fund, LLLP – An onshore hedge fund which utilizes a top-down value approach to investing.
- Highpoint Capital Advisors – A long/short equity hedge fund focused on absolute, risk-adjusted returns with low volatility
- Hirst Investment Management Hedge Funds – Hedge Fund Manager.
- IKOS Fund Management - Fund management for investments such as statistical arbitrage and global equity.
- Indea Capital Pte Ltd – A Singapore based investment advisor which run Indea Absolute Return Fund , a hedge fund investing in India and Indian companies globally.
- Intelligo Capital Corporation – An alternative investment fund based in Canada. They offer to meet the needs of institutions and high net worth individuals who are seeking to diversify their investment holdings. They focus their investment strategy on the following markets: foreign exchange, fixed income, and selective exchange traded index futures.
- International Asset Management – Multi-manager of hedge funds based in the UK, offering alternative investment strategies to clients in UK, Europe, USA and rest of the world. – Site requires FLASH to view
- Ion Partners LLC – High-net worth individuals and institutional investor hedge fund manager.
- Jon Sundt – Altegris Investments – Profile of hedge fund and managed futures firm president.
- Joy Asset Management ltd. – A licensed Financial Service Advisor, Asset Management and Introducing Broker. They offer hedge funds and managed accounts.
- Jupiter Asset Management – Hedge Funds – Offshore hedge funds with a team of fund managers.
- KGR Capital – Asian fund of hedge funds in Asia. Low volatility. Absolute returns. Diversified portfolio. Capital growth and preservation.
- Lampe, Conway & Co. LLC – Hedge Fund that specializes in distressed securities.
- LGT Capital Partners and Castle – An alternative asset and fund-of-funds manager in Europe, managing private equity and hedge fund investments on a global basis. Castle Alternative Invest is a global portfolio of hedge funds. Castle Private Equity is a global portfolio of private equity partnerships.
- Lindsell Train Limited – An independent Investment Management company that specialises in absolute return products.
- The Man Group – Provider of alternative investment products and solutions as well as a futures broker.
- Martin Quantitative, Inc. – Hedge Fund Manager – Alternative investments for accredited investors.
- Mellon Global Alternative Investments – Provides information on MGAI’s range of hedge fund of funds solutions.Web site contains sophisticated charting tools built specific to the alternative risk market.
- MSS Capital – Multi fund manager, located in London and the Provider of Alternative Assets.
- Newfield Partners LLC – A global distribution platform of world class hedge fund managers
- Octagon Capital Management – A Singapore-based hedge fund company which adopts a quantitative approach to investing. They aim to generate superior absolute returns based on a disciplined quantitative investment process.
- Odey Asset Management – European hedge fund manager with $550 million under management.
- Old Hill Partners, Inc. – Registered Investment advisor that currently manages 5 fixed-income strategies. The firm invests primarily in highly collateralized fixed-income assets that are relatively short in duration.
- Olsen Managed Accounts – Managed accounts as a liquid investment for retail market: site offers opportunity to invest in currency hedge fund program developed by Olsen Ltd, a sister company of OANDA.
- Opportunity Hedge Fund – Fund which seeks growth of capital while tightly managing risk and volatility.
- Optimation Investment Management – Optimation Investment Management LLC creates investment products for sophisticated investors to deploy capital in the world’s equity, commodities, and foreign exchange markets. Manages the Black Swan Fund.
- Paradigm Global Advisors – Fund of hedge Funds – This site contains information regarding their theoretical and statistical approach to hedge fund investing. This site is a brief overview and introduction to their methodology. They were established in 1991.
- Park Place Capital Limited – UK-based investment advisory firm specializing in European long/short equity hedge funds. Founded 1991.
- Pentagram Investment Partners – An experienced asset management firm offering focused investment products in alternative and more traditional asset classes developed after comprehensive analysis of the global marketplace.
- Prodis Advisors SA – Alternative investment specialist.
- SALUS ALPHA – An alternative strategies and fund of hedge funds manager headquartered in Europe.
- Schultze Assest Management, LLC. – Hedge fund management company. Specializes in the turnaround of bankrupt companies.
- Sigma Fund Sicav funds of hedge funds – Luxembourg Sicav comprising three absolute return funds of hedge funds: Sigma Fund Universal, Sigma Fund Valencia and Sigma Fund Man. Attractive risk-adjusted returns with low correlation to traditional assets.
- SKIRITAI Capital LLC - Investment fund in small and microcap companies.
- SP Trader Investment Futures Growth Fund – Investment Futures Fund with $150mm under management.
- Sprott Asset Management Inc. – Investment manager of hedge funds for high net worth individuals and institutional investors.
- Staats Capital Management – A private investment fund focused on undervalued securities and arbitrage situations.
- Stanfield Capital Partners – Specializes in providing credit based alternative investment strategies to investors globally.
- SUPERFUND Hedge Funds – QUADRIGA – Hedge Funds for the private investor.
- TechInvest – Australian based international equities manager. Focusing on investing globally in health care, information technology and telecommunications. Manager of long bias and market neutral long/short equity funds.
- Turnstone Asset Management – Fund of hedge funds manager, focused on achieving absolute returns for its clients using “long / Short” strategies.
- Uniastrum Capital Hedge Fund - UK based investment company specializes in alternative investments and managed futures.
- Unicom Capital LLC – An investment management firm specializing in the global equities market.
- Vision Investment Management: Hedge Fund Specialist in Asia – Asia based hedge fund specialist headquartered in Hong Kong that offers fund of fund products as well as proprietary hedge funds.
- VN Capital Management, LLC - A non-registered investment advisory firm located in New York, New York that manages the VN Capital Fund I, LP, a Delaware based hedge fund that holds a concentrated portfolio of small-cap equities.
- 4X Capital Management LLC – Global Macro manager offering absolute return directional strategies in global equities, futures (commodities and financial) and foreign exchange.
- Zephyr Management – Asset management company with various international funds.
Hedge funds investments are risky. Their past performance doesn’t guarantee future results. All investments entail the risk of great and sudden financial loss. Returns vary and you may have a gain or loss when you sell your securities. The list above is for information purpose only.
