All articles from: May, 2011

Wall Street Interview

Posted on May 30, 2011 by admin and has no comments yet.

Years ago, a successful friend of mine was telling me stories about his early Wall Street interviews with a big-name investing house.   One stood out to me.   The question: If you had to invest $1,000,000 for a client, and your had only two choices, which would you choose?   (A) “Invest” the whole $1,000,000 on red [...]

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Rocky Investing Week For the Fund

Posted on May 16, 2011 by admin and has no comments yet.

Since May 10th the Sigma1 Fund is down over 1000 dollars, closing today at $37,856.48.  I’ve been thinking about reducing the leverage of the fund from its current 1.57X to closer to 1.2X.  I have been weighing the cost of realizing some short-term capital gains versus a desire to deleverage. On a separate note I’ve [...]

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US Economy

Posted on May 10, 2011 by admin and has no comments yet.

I believe the US economy is finally, gradually, haltingly emerging from its drug-induced slumber. So, what is my opinion on US equities?   Neutral to mildly bullish. The fact of the matter is that US equities are leading economic indicators.  Unless you believe in momentum investing, which I don’t (see disclaimer), past market moments do not [...]

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Sigma1 Fund Reallocations

Posted on May 10, 2011 by admin and has no comments yet.

This morning I realized that the Sigma1 Proprietary Trading Fund was allocated slightly dollar-centric rather than dollar-neutral.  To bring it back to USD-neutral I bought some BWX shares to cover a portion of my short positions.  Today the NAV of Sigma1 closed at $39,035.

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