Month: January 2023

Tuesday’s links

  1. German investors turn positive as recession fears wane – FT
  2. CEOs, Economists Brace for Recession as Davos Begins – Bloomberg
  3. China’s Population Falls, Heralding a Demographic Crisis – NYT
  4. Wall Street Dealers Become Bit Players in US Bond Sales – Bloomberg
  5. Economy Hits Its Trough; Markets Rebound May Have Begun – Barron’s
  6. Kremlin Revenue Under Pressure as Crude Price Falls on Sanctions – Bloomberg
  7. The Rise of the Global Dollar System – Perry Mehrling *

*  Also appears on the Recommended Articles tab

Update: 4-Jan-2023

Anson Funds was mentioned as one of the best in Zerohedge’s ‘Here are the Best and Worst Hedge Funds of 2022’

Excerpt:

“…One hedge fund which we were unfamiliar with, yet which has posted solid returns not just in 2022 but also in prior years, is the $1.6 billion Anson Funds. What we find most impressive, is not so much the fund’s 2022 return  (where it’s 7.6% return still made the top 5%-ile of all funds for the year) but its performance in the prior two years, when it posted 40%+ profits in both 2020 and 2021. Just as remarkable: in its 15 year history, the fund has had just one down year (no, it wasn’t 2008)…

… allowing it to generate a 800% total return since 2007.

…Among the fund’s short positions are what it dubs “Retail momentum and stock promotion”, as well as high valuation on poor businesses or fads, and companies that exhibit fraudulent behavior, while longs are companies with strong secular tailwinds, as well as positive price momentum and attractive valuations.”

Friday’s links

  1. Will QT end early? – FT Unhedged
  2. Haidar Streaks Ahead of Macro Hedge Funds With 193% Gain – Bloomberg
  3. Eurozone inflation drops in sharper than expected fall – FT
  4. U.S. Added 223,000 Jobs in December; Unemployment Fell to 3.5% – WSJ
  5. Global regulators to step up scrutiny of risks outside banking system – FT
  6. Fed Repos Soar To $2.55 Trillion As US Treasury Yields Tank – Confounded Interest *
  7. Inflation Debate: Supply Shocks & Wealth Effects in a Multipolar World – INET *

*  Also appears on the Recommended Articles tab

Thursday’s links

  1. Global negative-yielding debt wiped out by Japan policy shift – FT
  2. Credit-Card Rates Poised to Hit a Four-Decade High in 2023 – Bloomberg
  3. Big Banks Predict Recession, Fed Pivot in 2023 – WSJ
  4. Why gold prices may be headed for record highs this year – MarketWatch
  5. Fed wants ‘more evidence’ of easing inflation and backs fresh rate rises – FT
  6. Financial Hierarchy – Daniel Neilson *

*  Also appears on the Recommended Articles tab