ManyPeaks.com

I forget how that saying exactly goes.
But my goodness, you can’t even trust these banks to quote legitimate LIBOR rates anymore ! A sign of the times.

Andy Swan has a great post regarding the Bear Stearns / JPM transaction.. The gist is likely true, details aside.
His blog and Howard Lindzon’s are two that I follow regularly.

The SEC found that mutual fund giant Fidelity — including legendary manager Peter Lynch — failed miserably in that area.
The gist:  Fidelity portfolio managers and traders apparently paid Wall Street brokers inflated commission in exchange for lavish gifts — some not exactly kosher.  Those commissions, of course, are paid out of the assets of each […]

Full year 2007 performance statistics are updated on ManyPeaks.com.
Our typical client account was up 18.5%, versus much smaller — and some negative — figures in our benchmark indexes.
We achieved all three of our goals, and then some.

Positive for the year
Double digit returns for clients
Beat both market indexes

Individual performance reports and our 2007 Client Letter are […]

The scorecard (and chart) of client account performance versus the indexes is now updated. Check the upper right part of ManyPeaks.com for that information..
Also to report is Teewinot’s office move into my & Elizabeth’s home here in Lexington. It certainly helps lower my overhead and has been convenient as well. Ironically, our […]

Just a few weeks after posting about Harvard’s stellar returns under El-Erian, he’s suddenly headed back to PIMCO to succeed Bill Gross! Hard to blame him: managing $35 billion is a coveted job.. managing 3/4 of a trillion dollars is truly unbelievable (and in my opinion could only be done in fixed-income markets, not […]

Last week, Harvard University’s endowment fund released its investment performance figures for its fiscal year ended June 30. At just over 23% to a new high of $35 billion, the endowment’s returns were nothing short of spectacular — especially for an institution of its size. The S&P 500 (using its proxy, SPY) came […]

I’m back !
Apologies to anyone who’s missed reading my ramblings over the past 2 months. I doubt clients really mind, considering the reasonably good numbers we’ve put up in this summer’s wild market environment.
Performance figures through the first 7 months of 2007 are updated on the blog. Click here to see it in […]

Last week, I finished reading Hedgehogging by Barton Biggs. It was a fun read for me, with both seedy and glorious stories from inside the exclusive hedge fund world. Always with humor, he delved into the lifestyles, personalities, performance anxiety, and of course financial rewards of several managers. He didn’t use any real […]

No, not a +3% day for client accounts.. This was much bigger.
Elizabeth & I tied the knot on Saturday night ! (When they come in, a few pictures will be posted on my personal blog www.buckv.com)
Until early May, our honeymoon will keep me far, far away from the markets. The break is much […]