Apex Predators

Sharks are well-known for their unpredictable, aggressive behavior. Bull Sharks are among the most dangerous to humans, traveling into fresh water to strike those who least expect it.

Last March a whale we know was ruing a long position in Google, which was getting ripped to shreds. He thought SAC had disposed of their position at the top, but would likely buy it back at a similarly opportune time...taking 500 points out of the long side of the stock by the time the year was over.

We have no idea if our friend was on the money about SAC’s trading moves in Google (GOOG-NASDAQ). But they clearly got something right last year.

You might question Steve Cohen’s taste in art. But there is no disputing his performance.

If you see blood in the water...it is probably your own

Jan. 16 (Bloomberg)—Hedge funds run by Steven Cohen and Kenneth Griffin gained more than 30 percent last year, the industry’s best performance since 2003, while Goldman Sachs Group Inc.’s flagship fund declined for the first time in seven years.

The average hedge fund rose 13 percent last year, up from 9.3 percent in 2005, according to data compiled by Chicago-based Hedge Fund Research Inc. Funds investing in developing markets including China and Brazil and companies involved in takeovers beat those that tried to predict broad price movements in bonds, currencies and commodities. Bets that stocks would fall were hurt by a buyout-fueled bull market. Bloomberg via Trader Daily

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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. Underthecounter has no positions in securities mentioned above.

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