The 2009 FWF hedge fund contest

Discuss your favourite picks, broker, and trading or investment style.
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NormR
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Post by NormR »

uhoh wrote:
NormR wrote:
cycle wrote:Whoa, just found out that TIM was removed from the index last month. I'd still love to use it, otherwise please switch to TCK.B
:?: TIM is still in the Composite, at least according to globeinvestor.com.
do you show that COF is?
Nope ... TSX Comp (Oh, and here's the S&P500)
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Post by uhoh »

ok, thanks.

To replace COF I'll choose:
DII.B
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cycle
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Post by cycle »

NormR wrote::?: TIM is still in the Composite, at least according to globeinvestor.com.
I was looking at this page. But on closer look it seems TIM was deleted from the "Completion" index. So if it's still in the standard TSX, short away then. :)
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Post by couponstrip »

Two-and-Trendy Head(ge) Games (couponstrip): AEI not TSX Composite
Oops. I will replace this AEI short with IMG.T.

Thanks for setting this up.

CS
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Norbert Schlenker
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Post by Norbert Schlenker »

Okay, a quick preliminary run through of the portfolios as corrected.

I have valid portfolios from
pitz
randomwalker
scomac
beluga
Gus
Pickles
bubbalouie
travesty
Inquisitive
ghariton
bindexit
augustabound
Serdic
brad911
kcowan
OptsyEagle
cycle
uhoh
couponstrip


Unfortunately, I missed a problem in my earlier post, so
adrian2 (Bankers Petroleum not TSX Composite)
is invalid.

Some portfolios earlier reported invalid remain invalid:
Mike Schimek (SVC, XMC not TSX Composite)
sayhey (DFE not TSX Composite)
jeebuz (BRK.A not S&P 500)
arnyk(GLN, IDG not TSX Composite)


I'll accept late fixes for these last five (but if the price moves get ridiculous today in whatever replaces the invalid entries, I'll disqualify for fiddling).
Last edited by Norbert Schlenker on 02 Jan 2009 13:52, edited 1 time in total.
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augustabound
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Post by augustabound »

uhoh wrote: globeinvestor lists it as COF-T
I found it on globeinvestor stock filter, I assumed wrong also.
George$
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Post by George$ »

Norbert Schlenker wrote:Okay, a quick preliminary run through of the portfolios as corrected.


Unfortunately, I missed a couple of problems in my earlier post, so
adrian2 (Bankers Petroleum not TSX Composite)
George$ (mixed US and Canada)

are invalid.

I'll accept late fixes for these last six (but if the price moves get ridiculous today in whatever replaces the invalid entries, I'll disqualify for fiddling).
Norbert
Sorry to add to your overhead on this but
I'm a bit confused
FFH is listed in the NYSE see http://finance.yahoo.com/q?s=FFH
What have I done wrong?
G
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Norbert Schlenker
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Post by Norbert Schlenker »

No problem, George. My mistake. All fixed.
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Shakespeare
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Post by Shakespeare »

So you can mix interlisted stocks? :lol:
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cycle
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Post by cycle »

Shakespeare wrote:So you can mix interlisted stocks? :lol:
Darn. Had I thought of that I would have shorted POT in New York. Much better long candidates for me over there.
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NormR
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Post by NormR »

Give George$ the prize for gaming the system. :lol:
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Post by jeebuz »

Norbert Schlenker wrote: jeebuz (BRK.A not S&P 500)

I'll accept late fixes for these last five (but if the price moves get ridiculous today in whatever replaces the invalid entries, I'll disqualify for fiddling).
I'll replace BRK.A with BA and WFC.

- Jeebuz -
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Post by George$ »

NormR wrote:Give George$ the prize for gaming the system. :lol:
Huh? Norm, more like another example of 'fooled by randomness'? :roll:
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Mike Schimek
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Post by Mike Schimek »

Mike Schimek (SVC, XMC not TSX Composite)
Ah! good point, I'll opt out then because 95% of my portfolio is in smallcaps now and smallcaps will be where I'll be spending time, energy and investing my $s for the foreseeable future!
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Post by ghariton »

I was not allowed to include DML as a long. So today it's up 37%.

Norbert, are you clairvoyant? :wink:

George
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Post by qbayman »

ghariton wrote:I was not allowed to include DML as a long. So today it's up 37%.

Norbert, are you clairvoyant? :wink:

George
Only if he is invested up to his gonads in it!!
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adrian2
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Post by adrian2 »

Norbert Schlenker wrote:Unfortunately, I missed a problem in my earlier post, so
adrian2 (Bankers Petroleum not TSX Composite)
is invalid.
Sorry, please replace BNK with OIL (Oilexco) (from the same Sprott top holdings in his Small Cap fund).

They were both up substantially today but they are the same kettle of fish, IMO.
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Norbert Schlenker
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Post by Norbert Schlenker »

After much discussion, the judging panel shortlisted the best fund names in this contest to ...

The Crapshoot Cafe Casino Fund
Once Uponzi Time Fund
Security Through Obscurity Fund

Unable to reach consensus, we resorted to picking 1st/2nd/3rd and it was still close. The end result: Security Through Obscurity gets the 1% and there will be consolation prizes of 1/2% for both Once Uponzi Time and Crapshoot Cafe Casino.

I haven't applied those prizes yet because I would ask each contestant to check their own opening positions at

http://libra-investments.com/hf/fwf.html

Report apparent problems in this thread. I'll apply the prizes to the opening prices on Monday, so please check before then.

The quotes used on the page should be automatically retrieved around 6 pm Eastern each weekday and the fund order resorted. With luck, yahoo doesn't change the format of their quote page too drastically all year and the automatic update keeps working without further fiddling.
Nothing can protect people who want to buy the Brooklyn Bridge.
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Post by couponstrip »

If one trading day is any indication, you guys are in for a long year :wink:. I think this early success sufficiently qualifies me to start a stock-picking investment newsletter.

Great layout NS. It is very easy to read (my name at the top, that is). Thank you for putting this together. But, alas, it appears that your entry is absent?

CS (who is realizing the improbability of ever being on top of the standings at anytime for the rest of the year, let alone over a weekend, and capitilizing on it :wink:.)
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Post by OptsyEagle »

I think next year we should have the same contest, except the winner will be the one who can come closest to break-even (without going over or under)
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Post by arnyk »

Gosh darn, I guess I don't know my Composite stocks very well (or looking at my portfolio, there's an awful lot of small caps lol)!

If it's not too late, I'll just go with RY for my long. If no dice, then maybe next year. :)
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Norbert Schlenker
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Post by Norbert Schlenker »

It's a deal, arnyk, especially as you picked a long that puts you in the bottom third of the table. ;) You're in the contest.

At the suggestion of a (nameless) member, I've modified the code to collect daily returns. Sharpe ratios or some similar evil metric (suggestions welcome) are dimly perceptible on the horizon.
Nothing can protect people who want to buy the Brooklyn Bridge.
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Post by kcowan »

Norbert Schlenker wrote:...I would ask each contestant to check their own opening positions at
http://libra-investments.com/hf/fwf.html
Pretty amazing 10+ point spread already! Thanks NS this presentation is great!
For the fun of it...Keith
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Post by travesty »

Oops, I forgot to choose a name for my fund. I'm happy with the one you constructed though...
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cycle
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Post by cycle »

I like the layout too, it conveys the performance information very well. And behold, I shorted the best-performing stock of the day. Good thing I'll have some help from the fund name bonus - I might really need it. :)
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