tag:blogger.com,1999:blog-6321089372587128676.post6289895024736093393..comments2023-10-17T10:01:00.917-04:00Comments on Distressed Debt Investing: Ira Sohn Notes (Part 2/2)Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6321089372587128676.post-85226418809782103492011-06-13T20:48:26.520-04:002011-06-13T20:48:26.520-04:00Let me guess, CDS on UVE for a florida insurer?
I...Let me guess, CDS on UVE for a florida insurer?<br /><br />Insurers are interesting, just hope they hedge their investment portfolios properly, they have transparency issues like banks. and my concern is that they wrote policies on lower frequency/intensity events, the existing book they need to cover might be blowing up on them relative to the prems they charged. that said i'm looking at FSR.<br /><br />As for time arbitrage, that's a bunch of BS in practice. The established guys can say it but PMs don't get to employ it. If you are a legit investor then you should focus more on IRR which is what time arbitrage is all about. But if I have a concentrated portfolio, say some stocks that are around $5, i think they are worth $10-15, and they go to $2-3 and stay there for 2 years while the market goes up say 8% per year, no investor will stick with you. But if that basket of stocks hits the $10-15 range by year 3, you're at a 26% annualized return.Amit Chokshinoreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-47322584722794215312011-06-13T19:31:23.854-04:002011-06-13T19:31:23.854-04:00Any comments on the mystery idea that Bill Ackman ...Any comments on the mystery idea that Bill Ackman eludes to but does not disclose due to small float?Brianhttps://www.blogger.com/profile/10497483155928094821noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-12368948063113175112011-06-13T19:31:01.445-04:002011-06-13T19:31:01.445-04:00I have just recently been following Gundlach's...I have just recently been following Gundlach's saying and read a lot about Kyle Bass's and Mark Hart's bets...<br /><br />Bass is currently short Japan.. he talked about it a while ago and I did some research myself.<br /><br />That I present here: http://thetailchaser.blogspot.com/<br /><br />And the same with USDCNY / China:<br />http://thetailchaser.blogspot.com/2011/05/new-trade-usdcny-3y-calls.htmltheintriguedtraderhttps://www.blogger.com/profile/08381401877849501756noreply@blogger.comtag:blogger.com,1999:blog-6321089372587128676.post-72068027121219927182011-06-11T02:58:37.269-04:002011-06-11T02:58:37.269-04:00Hunter,
Long-time listener and first time caller....Hunter,<br /><br />Long-time listener and first time caller. I wanted to respond to your note about Gundlach. I work for a major institutional investment consulting firm and am fortunate to meet with most of the top minds in our industry given our role as gatekeeper.<br /><br />Gundlach is bar none the smartest I have met to date out of the 1000+ PMs I have interviewed--and by a long shot.<br /><br />I am an equity guy and so my fixed income exposure I manage through funds. Currently, Gundlach manages every dime of this.Anonymousnoreply@blogger.com