Managing Member at Villicus Capital Group LLC
Hedge Funds Run Out Of Investment Ideas
Interesting article. I have always been perplexed by the idea that a Hedge Fund manager has to have some undiscovered idea or premise that the rest of the investment world has yet to discover. Even more mystifying is the fact that with many Hedge Fund managers taking large positions in these special situations, Hedge Fund performance as a whole has been underwhelming to say the least. I find it strange that, with the thousands of stocks out there, that most of the Hedge Fund managers at the Sohn Conference couldn't find an idea! Maybe I'm old school, but I feel that a special situation is simply one that I believe will make my clients money! What's wrong with stodgy old names like Boeing,up 18% Home Depot up 16.4% or boring old Apple, up 32.9%? I must admit that I too have had the urge of finding the hiiden gem buried among the thousands of ordinary stocks, but I think that being close-minded to stocks that are too well known causes us to miss great opportunities right under our noses! Read More Here: