- 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.
A 2012 FWF Hedge Fund Contest
- Norbert Schlenker
- Veteran Contributor
- Posts: 7960
- Joined: 16 Feb 2005 09:56
- Location: An Argument Surrounded By Water
- Contact:
A 2012 FWF Hedge Fund Contest
Complete set of rules for 2012 ...
Nothing can protect people who want to buy the Brooklyn Bridge.
Re: A 2012 FWF Hedge Fund Contest
Okay, I'll go first.
Long:
VRSN
DV
Short:
AFL
LNC
Name:
The Titanic
George
Long:
VRSN
DV
Short:
AFL
LNC
Name:
The Titanic
George
The juice is worth the squeeze
Re: A 2012 FWF Hedge Fund Contest
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. )
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. )
Re: A 2012 FWF Hedge Fund Contest
Fund name: Hedge-Hog-Citi
Long:
BAC Bank of America
C Citigroup
Short:
AAPL Apple
NFLX Netflix
Long:
BAC Bank of America
C Citigroup
Short:
AAPL Apple
NFLX Netflix
Re: A 2012 FWF Hedge Fund Contest
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.
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.
Re: A 2012 FWF Hedge Fund Contest
Overconfidence and Recency Fund
Long
VLO
RDC
Short
MAR
WU
Long
VLO
RDC
Short
MAR
WU
Re: A 2012 FWF Hedge Fund Contest
Long:
INN.UN
ECA
Short:
ABX
RIM
Name:
Fund 51
INN.UN
ECA
Short:
ABX
RIM
Name:
Fund 51
Re: A 2012 FWF Hedge Fund Contest
Not a valid choice.peter wrote:INN.UN
Re: A 2012 FWF Hedge Fund Contest
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
Long:
GIL (Gildan, clothing)
ECA
Short:
ABX
RIM
Name:
Fund 51
Re: A 2012 FWF Hedge Fund Contest
Name:- Aggressive Leech Fund
Long: - TGT and INTC (two positions I hold))
Short:- SHLD and NFLX (what do I know guesses)
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
Re: A 2012 FWF Hedge Fund Contest
Name: The Iceberg Fund
Longs
YLO
RIM
Shorts
tet
slw
Not as confident this year. Maybe that is a good sign?
Longs
YLO
RIM
Shorts
tet
slw
Not as confident this year. Maybe that is a good sign?
For the fun of it...Keith
Re: A 2012 FWF Hedge Fund Contest
Teeter-tech
Long: eBay (eBay)
Long: Apple (aapl)
Short: Amazon (amzn)
Short: Research In Motion (rim)
Long: eBay (eBay)
Long: Apple (aapl)
Short: Amazon (amzn)
Short: Research In Motion (rim)
Re: A 2012 FWF Hedge Fund Contest
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.
Re: A 2012 FWF Hedge Fund Contest
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!
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!
Re: A 2012 FWF Hedge Fund Contest
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
Hedge Fund Name: Memories of Total Recall
Long: RIM and Loblaws
Short: Apple and Yellow Pages
Regards,
Pickles
Pickles
Re: A 2012 FWF Hedge Fund Contest
Hedge Fund Name: Moneyball
Long: UNM, PKI
Short: FHN, NEE
Long: UNM, PKI
Short: FHN, NEE
http://www.AvrexMoney.com - Investing towards Financial Independence
Here's Nuthin
Name: It's different this time
Long: POT, RIMM
Short: APPL, YHOO
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.
Science flies men to the moon. Religion flies men into buildings.
Re: Here's Nuthin
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
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.
Science flies men to the moon. Religion flies men into buildings.
Re: A 2012 FWF Hedge Fund Contest
Some total recall of the rules: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
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.
- Peculiar_Investor
- Administrator
- Posts: 13271
- Joined: 01 Mar 2005 14:52
- Location: Calgary
- Contact:
Re: A 2012 FWF Hedge Fund Contest
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.
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: A 2012 FWF Hedge Fund Contest
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).Peculiar_Investor wrote:What happens in the event of a corporate spin-off?
Re: A 2012 FWF Hedge Fund Contest
Oops! Well I'm out by default then. [added: My original first short was ENB if there is a chance to still participate]gyrfalcon wrote:Some total recall of the rules: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
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.
Last edited by Pickles on 03 Jan 2012 12:34, edited 1 time in total.
Regards,
Pickles
Pickles
- Peculiar_Investor
- Administrator
- Posts: 13271
- Joined: 01 Mar 2005 14:52
- Location: Calgary
- Contact:
Re: A 2012 FWF Hedge Fund Contest
Why not short them?adrian2 wrote: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).Peculiar_Investor wrote:What happens in the event of a corporate spin-off?
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: A 2012 FWF Hedge Fund Contest
Not my cuppa tea, but you're welcome to try (it may be too late for this year).Peculiar_Investor wrote:Why not short them?
Re: A 2012 FWF Hedge Fund Contest
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
Interesting.
Norbert: - how might the overall average return for 'all' compare to a passive index return?
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
Interesting.
Norbert: - how might the overall average return for 'all' compare to a passive index return?
“The search for truth is more precious than its possession.” Albert Einstein