A 2012 FWF Hedge Fund Contest

Discuss your favourite picks, broker, and trading or investment style.
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Norbert Schlenker
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A 2012 FWF Hedge Fund Contest

Post by Norbert Schlenker »

Complete set of rules for 2012 ...
  • Pick a fancy name for your hedge fund. Show some creativity. A panel of esteemed judges will choose the best.
  • Before 9 am EST on 3 Jan 2012, pick two stocks to go long and two to short. Equal dollar amounts are placed on each position.
  • Stock only. No bonds, no options, no funds.
  • No trades during the year, except that you can elect at any time during normal exchange business hours to "freeze" a price for any individual position at that day's closing price, i.e. liquidate that one position. Other than that, you're stuck with what you choose for the year.
  • The universe from which to choose is either the S&P/TSX or the S&P 500. No mix and match between the two groups, no exceptions.
  • Starting prices are the 30 Dec 2011 close, ending prices will be the 31 Dec 2012 close. (Adjustments may be made to either in case of crazy spreads, at my sole discretion.)
  • Winner of the name contest deemed to purchase long positions at 1% discount and sell short positions at 1% premium!
  • Dividends won't count because ...
  • It's all automated to make it easy on myself.
My holiday schedule may result in a delay to the automation of posting of results but rest assured that I will get to it eventually.
Nothing can protect people who want to buy the Brooklyn Bridge.
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ghariton
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Re: A 2012 FWF Hedge Fund Contest

Post by ghariton »

Okay, I'll go first.

Long:
VRSN
DV

Short:
AFL
LNC

Name:
The Titanic

George
The juice is worth the squeeze
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Insomniac
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Re: A 2012 FWF Hedge Fund Contest

Post by Insomniac »

Sounds like good fun. At least it should remind me why I should use passive investing instead of stock picking.

Fund name: Bloc Uranus Fund

Long:
RIM-T (They call them crack-berries for good reason. Who's giving them up?)
THI-T (Have you seen the line at Timmy's drive-thru lately? Somebody's making money.)

Short:
T-T (Do really think that giving me a cute baby hippo plush toy is going to make me forget about all those network problems?)
EMP.A-T (They took over Thriftys; now the product and service sucks while prices remain high. :cry: )
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Re: A 2012 FWF Hedge Fund Contest

Post by adrian2 »

Fund name: Hedge-Hog-Citi

Long:
BAC Bank of America
C Citigroup

Short:
AAPL Apple
NFLX Netflix
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Re: A 2012 FWF Hedge Fund Contest

Post by bindexit »

Name: I just do not like gold as an investment fund

Long:
Cameco (CCO-TSX)
RIM (RIM-TSX)

Short:
Eldorado Gold (ELD-TSX)
Alamos Gold (AGI-TSX)

I spent little time researching and will keep same shorts as past 3 years and add 2 new longs on TSX.
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Re: A 2012 FWF Hedge Fund Contest

Post by Doug »

Overconfidence and Recency Fund

Long

VLO
RDC

Short

MAR
WU
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Re: A 2012 FWF Hedge Fund Contest

Post by peter »

Long:
INN.UN
ECA

Short:
ABX
RIM

Name:
Fund 51
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Re: A 2012 FWF Hedge Fund Contest

Post by adrian2 »

peter wrote:INN.UN
Not a valid choice.
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Re: A 2012 FWF Hedge Fund Contest

Post by peter »

Oops, it didn't even occur to me that INN.UN might not be in the composite. Thanks Adrian2.

Long:
GIL (Gildan, clothing)
ECA

Short:
ABX
RIM

Name:
Fund 51
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Re: A 2012 FWF Hedge Fund Contest

Post by George$ »

Name:- Aggressive Leech Fund

Long: - TGT and INTC (two positions I hold))

Short:- SHLD and NFLX (what do I know guesses)
“The search for truth is more precious than its possession.” Albert Einstein
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Re: A 2012 FWF Hedge Fund Contest

Post by kcowan »

Name: The Iceberg Fund

Longs
YLO
RIM

Shorts
tet
slw

Not as confident this year. Maybe that is a good sign?
For the fun of it...Keith
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Re: A 2012 FWF Hedge Fund Contest

Post by jcgd »

Teeter-tech

Long: eBay (eBay)
Long: Apple (aapl)

Short: Amazon (amzn)
Short: Research In Motion (rim)
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Re: A 2012 FWF Hedge Fund Contest

Post by peter »

kcowan wrote:Name: The Iceberg Fund

Longs
YLO
RIM

Shorts
tet
slw

Not as confident this year. Maybe that is a good sign?

I was going to suggest RIM long too but everyone already did that :) Wouldn't have picked YLO for long though. Two years ago I thought the shorts were obvious, but now I have not much hope/confidence for either longs or shorts.
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Re: A 2012 FWF Hedge Fund Contest

Post by bindexit »

In the 2010 contest, 5 of the 15 (33.3%) participants beat the TSX benchmark.
In the 2011 contest, 7 of the 8 (87.5%) participants beat the TSX benchmark.

I hope more experienced investors participate. Test your 4 picks against the Benchmark and hopefully show us some multi-baggers!
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Pickles
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Re: A 2012 FWF Hedge Fund Contest

Post by Pickles »

Time for RIM and Apple to go head to head!

Hedge Fund Name: Memories of Total Recall
Long: RIM and Loblaws
Short: Apple and Yellow Pages
Regards,
Pickles
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Re: A 2012 FWF Hedge Fund Contest

Post by avrex »

Hedge Fund Name: Moneyball
Long: UNM, PKI
Short: FHN, NEE
http://www.AvrexMoney.com - Investing towards Financial Independence
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Here's Nuthin

Post by kumquat »

Name: It's different this time

Long: POT, RIMM

Short: APPL, YHOO
I don't intend to offend anyone, that part is just a bonus.

Science flies men to the moon. Religion flies men into buildings.
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Re: Here's Nuthin

Post by kumquat »

Oooppppss

Intended as a reply here: http://www.financialwisdomforum.org/for ... 0&t=114400
Last edited by Peculiar_Investor on 07 Feb 2014 07:04, edited 1 time in total.
Reason: replace old domain name with www.financialwisdomforum.org to reflect new domain name effective 19-Jan-2014
I don't intend to offend anyone, that part is just a bonus.

Science flies men to the moon. Religion flies men into buildings.
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Re: A 2012 FWF Hedge Fund Contest

Post by gyrfalcon »

Pickles wrote:Time for RIM and Apple to go head to head!

Hedge Fund Name: Memories of Total Recall
Long: RIM and Loblaws
Short: Apple and Yellow Pages
Some total recall of the rules:

The universe from which to choose is either the S&P/TSX or the S&P 500. No mix and match between the two groups, no exceptions.
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Re: A 2012 FWF Hedge Fund Contest

Post by Peculiar_Investor »

What happens in the event of a corporate spin-off? For example, ABT (NYSE) has announced their intention to spin-off part of the business, which should result in ABT stock price decreasing.
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Re: A 2012 FWF Hedge Fund Contest

Post by adrian2 »

Peculiar_Investor wrote:What happens in the event of a corporate spin-off?
In the interest of simplicity, I'd guess that it's ignored. Part of a FWF hedge master strategy is to anticipate these changes and avoid those companies (hey, that's the easy part of the contest).
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Pickles
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Re: A 2012 FWF Hedge Fund Contest

Post by Pickles »

gyrfalcon wrote:
Pickles wrote:Time for RIM and Apple to go head to head!

Hedge Fund Name: Memories of Total Recall
Long: RIM and Loblaws
Short: Apple and Yellow Pages
Some total recall of the rules:

The universe from which to choose is either the S&P/TSX or the S&P 500. No mix and match between the two groups, no exceptions.
Oops! Well I'm out by default then. :cry: [added: My original first short was ENB if there is a chance to still participate]
Last edited by Pickles on 03 Jan 2012 12:34, edited 1 time in total.
Regards,
Pickles
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Re: A 2012 FWF Hedge Fund Contest

Post by Peculiar_Investor »

adrian2 wrote:
Peculiar_Investor wrote:What happens in the event of a corporate spin-off?
In the interest of simplicity, I'd guess that it's ignored. Part of a FWF hedge master strategy is to anticipate these changes and avoid those companies (hey, that's the easy part of the contest).
Why not short them?
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Re: A 2012 FWF Hedge Fund Contest

Post by adrian2 »

Peculiar_Investor wrote:Why not short them?
Not my cuppa tea, but you're welcome to try (it may be too late for this year).
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Re: A 2012 FWF Hedge Fund Contest

Post by George$ »

I was just looking at Norbert's 2011 final listing at the
Hedge Fund for the Bogleheads website

Much larger participation base than here at FWF and their performance-for-the-year spread goes from +35.7% to -26.4% -Wow!

Several participants had no red boxes :thumbsup:

Interesting.


Norbert: - how might the overall average return for 'all' compare to a passive index return?
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