tag:blogger.com,1999:blog-34323687.post6415236129775295526..comments2024-03-19T03:05:57.184+00:00Comments on Macro Man: Follow UpMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-34323687.post-37850071904143931022010-02-04T16:54:29.483+00:002010-02-04T16:54:29.483+00:00Der Tillman,
When most people talk about Macro fu...Der Tillman,<br /><br />When most people talk about Macro funds they are mainly describing qualitative/discretionary funds that try to stay long gamma and predominantly trade rates & fx. These are your Brevan, Tudor, Moore, Soros etc.<br /><br />However there are also systematic/quant/CTAs funds that trade the same liquid futures and fx markets - of which AHL diversified is 1 of the largest. These are typically described as CTAs not macro funds. <br /><br />However the performance of the HFRXM index looks more like CTA performance as demonstrated by AHL vs HFRXM. Most macro funds were up 10-20% last year not down 9%.<br /><br />I haven't run the analysis to see how they blend all the different macro sub-categories but it seems to me overly weighted towards cta/quant funds and thus not a terribly accurate representation of the bulk of the money described as macro in the market.<br /><br />https://www.hedgefundresearch.com/hfrx_reg/index.php?fuse=login&loginflag=1&1265302029<br /><br />Hope this helpsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-26760065672988420342010-02-04T16:19:04.373+00:002010-02-04T16:19:04.373+00:00There wasn't an option for "below 1000, p...There wasn't an option for "below 1000, possibly below 900" on the S&P vote, so I just took the lowest available.<br /><br />Seriously though, fun and games are over.<br /><br />No, really.<br /><br />Also, Gold is over and the USD is back.<br /><br />Pie anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22815418973374086892010-02-04T10:13:40.781+00:002010-02-04T10:13:40.781+00:00Of course you can, it's no problem whatsoever....Of course you can, it's no problem whatsoever. I know loads of Yanks who have British (or even Irish) passports.Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13738895949154234402010-02-04T10:09:50.913+00:002010-02-04T10:09:50.913+00:00I didn't think it was possible to have dual ci...I didn't think it was possible to have dual citizenship (i.e. US + n others) any longer?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-55469575032504832592010-02-04T09:01:47.089+00:002010-02-04T09:01:47.089+00:00sorry, that last message should have said (note, r...sorry, that last message should have said (note, renounce, not have another one as well)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-42811285319717485342010-02-04T09:00:01.367+00:002010-02-04T09:00:01.367+00:00anon 8:53
When I said the US govt doesn't car...anon 8:53<br /><br />When I said the US govt doesn't care, I meant it doesn't care whether you've got dual or triple or quadruple citizenship, so long as you pay your taxes and don't do anything illegal. The Bush "HEART" act reflects the belief by US authorities that the only people in their right minds who'd want to renounce a US citizenship (not renounce, not have another one as well) are people who want to avoid taxes levied on US citizens. Judging by people I know who have renounced their US citizenship, they're probably right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-416505516360180092010-02-03T22:51:17.081+00:002010-02-03T22:51:17.081+00:00Chorley.... that accounts for your astonishing fam...Chorley.... that accounts for your astonishing familiarity with Scouse and Manc culture. Although that's definitely Woolyback territory out there, MM.leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-60385450480117841452010-02-03T20:53:10.707+00:002010-02-03T20:53:10.707+00:00@ anon 1109: "the US govt doesn't care.&q...@ anon 1109: "the US govt doesn't care."<br /><br />Oh, yes it does! There is an exit tax on US citizens renouncing their citizenship which was part of the "HEART" Act passed by Bush in 2008. <br /><br />You can, for example, find some details here: http://baumanblog.sovereignsociety.com/2009/05/the-american-exit-tax---one-year-later.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51372041940775945642010-02-03T17:33:39.879+00:002010-02-03T17:33:39.879+00:00wcw
As far as I know, the US doesn't subscrib...wcw<br /><br />As far as I know, the US doesn't subscribe to any dual citizen treaties. As far as the US government is concerned, US citizens are US citizens and only US citizens. It does, however, recognize that some countries won't allow you to abandon their citizenship and since the late 70s (I think) hasn't made people looking to be naturalized US citizens actually renounce their foreign citizenships. Of course, when you're naturalized American you swear allegiance to the US. But you're not asked to abandon your foreign papers. Effectively they're saying go ahead be a citizen of any other country but your primary allegiance is to us. The key rule the US government has in this regard is that if you're American you have to enter the country on your US passport. Otherwise, they don't care. Nor does the UK force you to abandon any other citizenship. Both countries are perfectly happy that you have both.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-87395941058936948692010-02-03T17:15:42.477+00:002010-02-03T17:15:42.477+00:00Steve & Anon - I checked out the tickers you m...Steve & Anon - I checked out the tickers you mentioned and see that they have had a rough time of it. But I'm a little fuzzy on exactly what the significance of this might be...if any? Is this analogous to looking at a grid of relative style performance and seeing, for example, value under performing.<br /><br />Or are you just checking it out as a benchmark for your own performance? <br /><br />Just wondering. Penny for your thoughts.der Tillmannoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38911258755075288772010-02-03T16:57:08.146+00:002010-02-03T16:57:08.146+00:00In re UK citizenship, it isn't at all that &qu...In re UK citizenship, it isn't at all that "the US govt doesn't care," it is the existence of a dual-citizenship treaty between the two countries.wcwhttps://www.blogger.com/profile/16307608293310560164noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82928913064195922192010-02-03T16:08:51.788+00:002010-02-03T16:08:51.788+00:006.45 door to door...and I live a 15 minute train r...6.45 door to door...and I live a 15 minute train ride from Croydon. Ugh. I thought they wanted to grant me de facto indefinite leave to remain by forcing me to remain in the waiting area indefinitely....<br /><br />Nemo, the poll originally <i>did</i> have a <1000 response. But the f&^*%&^*%&* free widget cut it off and refused to re add despite my best efforts. None of these free poll widgets work worth a damn...truly a case of 'you get what you pay for.'Macro Manhttps://www.blogger.com/profile/12324967552369915949noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-40405233833513593172010-02-03T15:02:40.050+00:002010-02-03T15:02:40.050+00:00For what it's worth, the US are no more compet...For what it's worth, the US are no more competent...<br />I'm 7months into the process, and still waiting for a date for the final interview (and hoping it comes before my visa runs out in the summer), despite having had medical exams, fingerprints taken, photos, etc....Our Man in NYChttps://www.blogger.com/profile/05354882944509890790noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-53660854368682498732010-02-03T14:37:00.481+00:002010-02-03T14:37:00.481+00:00Thanks Anon, I see what you mean. The MAN one is ...Thanks Anon, I see what you mean. The MAN one is worth watching too, on my list now...Stevenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23117655862902352772010-02-03T14:19:23.812+00:002010-02-03T14:19:23.812+00:00skip lunar house and return to pitt---america need...skip lunar house and return to pitt---america needs to tax youAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-41152515042566432782010-02-03T13:50:12.573+00:002010-02-03T13:50:12.573+00:00Why are readers here so bearish and then with so s...Why are readers here so bearish and then with so short a time frame (i.e until 31st of March)? <br /><br />All I hear from sell side analysts is "buy the dip", "BUY the dip!" ... but then again they are SELL side :). <br /><br />ClausCVhttps://www.blogger.com/profile/16843402165210120665noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31169171809086055702010-02-03T12:45:51.278+00:002010-02-03T12:45:51.278+00:00I'm kind of surprised that we can't opt fo...I'm kind of surprised that we can't opt for the Spoos below 1k, with the politicization of the fed and all that belt tightening in fiscal policy the developed markets are feeling very deflationary again, even Roubini is calling for an almost North Korean austerity program in Greece.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-67910814365344329552010-02-03T12:28:50.659+00:002010-02-03T12:28:50.659+00:00Good Luck and GodSpeed on your journey to Lunar Ho...Good Luck and GodSpeed on your journey to Lunar House; Frodo probably had an easier time taking the ring back to Mordor...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21628479896264591192010-02-03T12:01:15.173+00:002010-02-03T12:01:15.173+00:00Steve,
Pull up HFRXM index and then pull up AHL D...Steve,<br /><br />Pull up HFRXM index and then pull up AHL Directional - EDFDGLI ID and I think it does a pretty good job at showing how quant/non-discretionary the underlying funds must be.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-44979180846842735862010-02-03T11:52:30.478+00:002010-02-03T11:52:30.478+00:00Don't they take baksheesh?Don't they take baksheesh?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90593130808118526732010-02-03T11:46:10.984+00:002010-02-03T11:46:10.984+00:00On the first two questions it told me I "vote...On the first two questions it told me I "voted already" even tho I hadn't.<br /><br />Funny we are bearish again, aren't we? I have a bad feeling about this...<br /><br />The HFR macro index though shows that their constituents have been getting absolutely shelaqued, so either they have been long, or short bonds, or both.Stevenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-55683569762875916742010-02-03T11:32:07.114+00:002010-02-03T11:32:07.114+00:00I wonder if Achilleas Kallakis still owns Lunar Ho...I wonder if Achilleas Kallakis <a href="http://www.thisislondon.co.uk/standard-business/article-23474307-playing-for-high-stakes-but-holding-all-the-aces.do" rel="nofollow">still owns Lunar House</a> and if he still plans to tear it down? Oh, but <a href="http://www.propertyweek.com/story.asp?storycode=3137483" rel="nofollow">this doesn't look too good.</a> I don't have time to read <a href="http://www.propertyweek.com/story.asp?storycode=3137483" rel="nofollow">all this</a> to understand what was going on.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-86446659998720541222010-02-03T11:09:23.701+00:002010-02-03T11:09:23.701+00:00Tell you what Mr Macro, definitely worth taking Br...Tell you what Mr Macro, definitely worth taking Brit citizenship just to avoid Croydon. It also makes traveling easier around the EU and the US govt doesn't care. I did it about four years ago and, I have to say, don't miss Lunar House the tiniest bit. By the way, getting UK papers is a doddle, much easier than getting American citizenship(took me two years of solid effort to get it for my kids).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69560951011383548742010-02-03T10:58:17.862+00:002010-02-03T10:58:17.862+00:00May I ask for Mrs. Macro's assistance? I, too,...May I ask for Mrs. Macro's assistance? I, too, need an appointment at Croyden for Indefinite Leave. I called every day for weeks last fall. I tried the internet system. I could not get an appointment, despite the fact that they will charge me £1300 for the privilege (for me + dependents).CDN Traderhttps://www.blogger.com/profile/11183653753709444967noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-89352162323718660592010-02-03T10:44:25.956+00:002010-02-03T10:44:25.956+00:00The mighty mighty Chorley.....
(MM q'ing in C...The mighty mighty Chorley.....<br /><br />(MM q'ing in Croydon)Anonymousnoreply@blogger.com