It’s Time to Worry About Crowded Hedge Fund Trades

Symmetric News

One of my biggest worries is that there are so many players out there trying to do similar strategies…If one of these highly levered players had a rough run and took down risk, would we be collateral damage? …In February we…

Read More

The Top Ten Hedge Funds Impacted by VRX

Symmetric News

No need to mince words. The market punished Valeant Pharmaceuticals today. Not only did they slash guidance, they suggested they may be in imminent default of their debt. It’s one thing to perform poorly, quite another to become insolvent. And the market responded…

Read More

Correlation – Just One Leg of the Investment Stool

Don’t Choose Investments Based On Correlation Alone Why isn’t Global Tactical Asset Allocation (GTAA) / Global Macro the obvious hedge fund strategy for a typical institutional investor? Compared to a diversified hedge fund program, it presents a lower stock/bond correlation. And…

Read More

Symmetric Top Managers – First Quarter 2016

Symmetric News

The Symmetric Top Managers: here’s what the best of the best are doing in the market Symmetric.io surveys the hedge fund universe for a manager’s ability to deliver alpha through picking stocks – StockAlpha. The First Quarter Rankings are out….

Read More

How Hedge Fund Crowding Dragged Down Tableau Software

Symmetric News

Tableau Software’s earnings release was supposed to remind growth investors what they pay for. They shared reports of dramatic growth, year over year. Why then are they down more than 50% over the course of a week? On February 4,…

Read More

How Hedge Fund Crowding Dragged Down Transdigm

Symmetric News

Transdigm’s earnings release was hardly an embarrassment. They saw impressive growth, quarter over quarter. And it wasn’t just in the top-line. Why then are they down more than 15% from last Friday? Quarterly net sales were up 20% to $701.7m,…

Read More

COMM supports Criterion Capital in Jan. WDAY continues to drag

Symmetric News

Criterion Capital Management returns an estimated -6.85% for January 2016 – the fully hedged version returns -0.07% Criterion Capital Management generated a -6.85% return on their publicly disclosed long portfolio for the month ending January 2016, underperforming the S&P500 by…

Read More

STZ carries Matrix Capital in January. WDAY Drags

Symmetric News

Matrix Capital Management returns an estimated -6.9% for January 2016 – the fully hedged version returns -0.56% Matrix Capital Management generated a -6.9% return on their publicly disclosed long portfolio for the month ending January 2016, underperforming the S&P500 by…

Read More

LNKD tanks. Will it trigger forced selling?

Symmetric News

LinkedIn’s earnings release was like yelling “Fire!” in a crowded theater. Everyone rushed the exits, and the resulting chaos left the stock bruised – down more than 40%. The next question is: who’s in the theater? Who owns LinkedIn and what are…

Read More

CRI Advanced Hound Partners in January. VRX dragged

Symmetric News

Hound Partners Llc returns an estimated -6.85% for January 2016 – the fully hedged version returns -0.88% Hound Partners Llc generated a -6.85% return on their publicly disclosed long portfolio for the month ending January 2016, underperforming the S&P500 by…

Read More