Interview with a #1 Ranked Hedge Fund Manager; International Balanced Multi-Strategy Asset Class
(ContentDesk) September 19, 2005 -- The 'mature' traders strike back: Hedge fund managers seem to get younger from year to year. At the other side of the spectrum you may come across a firm like Triumph. Triumph presently has 19 traders whose average age is 52 years. They are mature, successful and experienced traders with an average of more than 26 years experience in the markets. What happens if they get together to form a multi-strategy hedge fund?The following is an interview with James S.
Moore, Managing Member of TIF Fund Management LLC, the Managing Member of Triumph Investment Master Fund Ltd. (Currently ranked among the top performing International Balanced Multi-Strategy Asset class by Nelson's World's Best Money Managers for 20 and 40 quarter time frames). Interview Questions Include the Following:How does Triumph Fund differ from other hedge funds?Where are hedge funds heading?How did you get started in Hedge Funds?What do you think are the current challenges to hedge funds?How does Triumph Fund differ from other hedge funds?Triumph Investment Master Fund Ltd. ("Triumph") is a multi-strategy, manager of mangers fund. Many people consider it a Fund of Funds, but since there is no duplication of fees, we differentiate Triumph from a Fund of Funds by calling it a Manager of Managers fund.
To be precisely accurate, my management company, TIF Fund Management LLC is the MOM and Triumph is the vehicle used. Triumph's concept was base on the creation of joint ventures with floor traders on the various exchanges. The idea was that floor-traders that were successful after 20-30 years on the floors of an exchange, they must have refined their risk control to a science and therefore, they should qualify as excellent money managers. I found that risk control was built into their trading methodology and was an essential part of their daily activity. My personal floor experience taught me what motivated these traders and this concept only works when the motivation of the trader, management and the investor are aligned.
Floor-traders are typically complex and requires a thorough understanding of the orientation and fierce entrepreneurial spirit of successful floor traders. Triumph presently has 19 traders whose average age is 52 years. They are mature, successful and experienced traders with an average of more than 26 years experience in the markets. Obviously, they are not the new kids on the block who have just graduated from business school or from some university math program. More typically, they exhibit the characteristics of trench-fighters who know innately that risk control takes precedent above all things because capital must be preserved to fight another day.
Each trading manager must invest his own capital in the individual account that they manage for Triumph. Their membership is on the line as protection for our investors. In addition, the benefits of their membership are contributed to the fund whenever possible. Most of Triumph's strategies involve short-term or intermediate-term time-frame trading. Our transaction costs are very low because of our memberships.
Since these costs can be a large part of any fund's overhead, reducing them clearly improves the Fund's performance because a significant cost of operation is reduced. In addition, there are no additional cost or hidden fees in Triumph so the expenses, which are clearly outlined in the offering memorandum, are low. In fact, NFA/NASD audits indicate that our fees are actually lower than those stated in our offering memorandum. Where are hedge funds heading?That depends upon several factors. It depends upon the industry's ability to innovate and communicate the benefits of those innovations to investors.
It also depends upon governments improving, maintaining and preserving the free market system. Over-regulation is often the sad result of over reaction to inappropriate activity by a few inept managers, but such over-regulation will continue to increase unless the industry can act responsibly and police itself. Specifically regarding Triumph, I see tremendous opportunity. Triumph presently combines many non-correlated strategies using a variety of proprietary analyses based on measures of randomness, risk, reliability and return, in that order. These have been TIF's most valuable analytical tools, but in the final analysis, our personnel are the true foundation of our success.
To explain this further, investors too often consider return as their first priority, but analysis of return alone is dangerous because it does not consider the protection of assets. In fact, it actually exposes a portfolio to inadvertent and often unwarranted risk. Our analysis focuses on risk before we ever consider return. I believe that this is the fundamental reason why Triumph has experienced only 5 loosing quarters in 15 years and consistently rates so highly in industry rankings. If risk control is important then the issue of trading maturity and experience is vital.
Investors are often pleasantly surprised to find out how mature and experienced TIF's managers are. I think they find it a refreshing contrast to many other funds where "twenty-somethings" are in control. The full Interview:www.opalesque.com/main.php?&act=closeup&show=25Disclaimer: This information is neither advice nor a recommendation to enter into any investment advisory service. This presentation is not an offer to sell, nor a solicitation of an offer to buy, any investment or investment advisory service..
Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
New York (ContentDesk via ContentDesk Direct) January 25, 2006 -- Hedge fund managers say Lehman Brothers provides the best trade execution for both New York Stock Exchangelisted equities and Nasdaq Stock Market shares, according to a survey published in the January/February issue of Institutional Investors Alpha, released today.To find the firms that are doing the best job of serving the trading need of hedge funds, Alpha retabulated the results of the survey of head equity traders at institutional money management firms that was published in November 2005 in Alphas sister publication, Institutional Investor, using only votes cast by the hedge funds that participated. Respondents were asked to rank broker-dealers on the quality of their execution and to rank the best electronic communications networks and alternative trading systems.Hedge fund respondents rank Lehman Brothers best in market knowledge, trading intelligence, the ability...
Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
Hedge funds > Hedge Funds Name Lehman Brothers Top Firm for Execution and Sales-Trading in Alpha Magazine Ranking
Hedge Fund Advertising
HEDGE FUND ADVERTISING Have you seen all those big full page adsfor hedge funds in the Wall Street Journal, theFinancial Times, Investors Business Daily? Youhaven't. Maybe they are being drowned out by theregular mutual funds who continually tell youhow great they are. Shucks! I forgot. Hedge funds are not allowed to advertise. I wonder why.
Maybe they thinkthat their potential customers are too dumb toknow that hedge funds are a poor investment. Could be. The Securities and Exchange Commissionis trying to protect investors ? I think? To be able to buy into a hedge fund thesmallest investor must have a net worth of$1,000,000 and an income of more than $200,000per year. Maybe the SEC doesn't think thesefolks are bright enough to know a good thingwhen they see it. There are other groups that are major investors with the hedge funds.
Literally billionsof dollars are invested by university endowments,charitable trusts, state and corporate pensionplans. Could it be that they...
Hedge Fund Advertising
Hedge funds > Hedge Fund Advertising
New Mutual Fund Guide Targets Novice Investors
San Diego, CA (ContentDesk) March 1, 2006 -- In eight chapters, his Beginner's Guide to Top Low Cost Common Stock Mutual Funds (ISBN: 1-4116 6908-8) explains to first time investors how funds work, their tax aspects, guidelines about when to sell, and why a buy-and-hold strategy beats market timing.
In addition, he details for purchase 13 top low cost funds, including one that over three decades turned $10,000 into
$395,000.
"Making money in the stock market is a no brainer," he says, "if you just let our economy, a tremendous money-making machine, work for you.
And you can make it work for you by having patience and buying and holding for the long term proven quality funds." About the AuthorSteve Haberman practices what he preaches.
For over 30 years, through good and bad times, he's invested in no load funds.
Through his common sense approach, he's profited greatly and been able to travel extensively throughout Europe.
On...
Hedge funds > New Mutual Fund Guide Targets Novice Investors
Hedge Fund Advertising
HEDGE FUND ADVERTISING Have you seen all those big full page adsfor hedge funds in the Wall Street Journal, theFinancial Times, Investors Business Daily? Youhaven't. Maybe they are being drowned out by theregular mutual funds who continually tell youhow great they are. Shucks! I forgot. Hedge funds are not allowed to advertise. I wonder why.
Maybe they thinkthat their potential customers are too dumb toknow that hedge funds are a poor investment. Could be. The Securities and Exchange Commissionis trying to protect investors ? I think? To be able to buy into a hedge fund thesmallest investor must have a net worth of$1,000,000 and an income of more than $200,000per year. Maybe the SEC doesn't think thesefolks are bright enough to know a good thingwhen they see it. There are other groups that are major investors with the hedge funds.
Literally billionsof dollars are invested by university endowments,charitable trusts, state and corporate pensionplans. Could it be that they...
Hedge Fund Advertising
Hedge funds > Hedge Fund Advertising
Just what is Arbitrage Investment??
Just what is Arbitrage Investment?By ? 2005In the simplest of terms, Arbitrage means to exploit price differential.Usually it meant looking at differing sources of an investment, and if there was a price difference between Source A and Source B - then the investor / dealer / broker / manager would buy from the lower priced source, and sell on the higher priced source.Example:-The price of Stock ABC was $20 per share on Exchange XYZThe price of the same Stock ABC on another Exchange 123 - was $15The dealer would buy the stock from Exchange 123 for $15 - then sell on Exchange XYZ for $20 - making $5 per share profit (minus costs).Typically the price differential was very small - and trading had to be extremely quick and liquid - otherwise the markets could go against you in a very short time.Ten years ago Arbitrage was more commonplace than it is today - for a number of reasons.Nowadays, Arbitrage still exists, but either in limited formats and availability as direct arbitrage, or more...
Just what is Arbitrage Investment??
Hedge funds > Just what is Arbitrage Investment??
AssetPage Ranks the Best and Worst Performing Asset Classes for 2005
Houston, TX (ContentDesk) January 6, 2006 -- Of the 32 asset classes tracked by AssetPage" a financial publisher specializing in asset class analytics, international emerging market stocks posted a leading 32.6% return in 2005, with almost two-thirds of that return coming in a blistering third quarter performance.
Emerging market stocks strong first place finish was not surprising since the asset class had performed well all year. Commodities, precious metals (gold), REITs, and international developed markets rounded out the top five best performing asset classes for 2005. In 2005, foreign stocks and alternative asset classes were the big stories as investors looked for returns other than in the idle U.S. stock market, according to Steven Sheldon, AssetPages Director of Research. Mid cap stocks were the only traditional asset class to post double-digit returns in 2005, Sheldon continued.
Fixed income asset classes performed the worst in 2005 with short term municipal...
AssetPage Ranks the Best and Worst Performing Asset Classes for 2005
Hedge funds > AssetPage Ranks the Best and Worst Performing Asset Classes for 2005
Sue Doughty MP, Endorses Pedal Power Thanks to Electric Bikes Direct.
On Thursday 30th September Sue Doughty will be visiting Electric Bikes Direct in Burpham to collect her loan bike and discover for herself the benefits of pedal power.Sue said ?with fuel fast approaching ?1.00 per litre we need to utilise more efficient modes of transport and the electric bike really fits the bill for short range travel helping to reduce congestion in our towns and cities. "Around town the electric bike can travel at 15mph which is generally faster than any car and a 5p fee...
Sue Doughty MP, Endorses Pedal Power Thanks to Electric Bikes Direct. Interview with a #1 Ranked Hedge Fund Manager; International Balanced Multi-Strategy Asset Class
Hedge funds > Sue Doughty MP, Endorses Pedal Power Thanks to Electric Bikes Direct.
Praba Salon: NYC's Premiere Asian-Indian Day Spa
In this day and age, very few women can afford the costly beauty services highlighted in many television shows and beauty magazines. That's where Praba Salon bordering the Upper East Side and East Harlem comes in - a day spa for real women.
Once you step into this Asian-Indian inspired day spa, you'll feel you traveled 10,000 miles to the far east. Praba offers traditional Indian beauty services which have been used for centuries and known for their all-natural benefits. Services...
Hedge funds > Praba Salon: NYC's Premiere Asian-Indian Day Spa
Daily Candy Features Abby Jean Note Cards
A mere baby in the stationery biz, Abby Jean, is already on everyone's next-big-thing list. Her adorable note cards were recently recognized by Daily Candy's Dallas edition as "the freshest twist on classic preppy stationery." To further compliment this scrumptious new brand, Daily Candy Editor at Large, Dannielle Romano, featured a slew of Abby Jean note cards on Fox's "Good Day Dallas" morning show, praising them Daily Candy style. "Abby Jean's note cards will put all your well-mannered friends...
candy
Hedge funds > Daily Candy Features Abby Jean Note Cards
ConversionCenter.com Specializes in Customer Service and Conversion Van Sales on Website
ConversionCenter.com, the internet's site with the most conversion vans, trucks and SUV's for sale, announces the addition of the "Chat Live Now" feature to their website. This personalized feature continues to distinguish ConversionCenter.com, as the conversion van industry's leading online classified, helping...
suv Interview with a #1 Ranked Hedge Fund Manager; International Balanced Multi-Strategy Asset Class Hedge funds ConversionCenter.com Specializes in Customer Service and Conversion Van Sales on Website
Hedge funds > ConversionCenter.com Specializes in Customer Service and Conversion Van Sales on Website
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