Download Letter (PDF)June 12, 2015Crescat Capital Quarterly Investor Letter Q2 2015Performance UpdateWe are pleased to report that the Crescat Global Macro Fund was recently named one of the top-ten performing global macro hedge funds by BarclayHedge for the three years ended 3/31/2015. As shown in the table below, all three Crescat strategies performed strongly in Q1 while the S&P 500 […]
Akin Oyedele
Jun. 10, 2015, 11:54 AM
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REUTERS/Lucas JacksonTraders on the floor of the New York Stock Exchange at the market close in New York on October 17, 2014.Stocks are having their strongest session in several days.The Dow gained as much as 250 points after news crossed that Germany may be offering Greece the opportunity to come up with one economic reform […]
There is also the U.S. Producer Price Index Friday, and a heavy calendar of overseas data that could influence markets. Chinese consumer and producer inflation data is released Tuesday, and retail sales and industrial production is Thursday. German industrial production is reported Monday, and euro zone GDP is Tuesday.Markets are also watching the volatile bond market where yields ripped higher […]
AP Photo/Lefteris PitarakisA British police officer stands guard backdropped by Chinese flags held by Chinese students, supporters of Chinese Prime Minister Li Keqiang, as they gather at a counter- demonstration against a protest against the leader across the street from Downing Street in central London, where he was meeting with British Prime Minister David Cameron at his official residence, Tuesday, […]
Foreign investors already can invest in China. The Shanghai-Hong Kong Stock Connect was launched last November, and it allows such investors to trade Shanghai A shares through the Hong Kong Stock Exchange. Mainland investors also gained access to Hong Kong shares, known as H shares.”China’s opening up could be the surprise story of 2015,” said Michelle Gibley, director of international […]
In his “Investment Adventures in Emerging Markets” blog earlier this year, veteran investor Mark Mobius noted, “According to the Chinese calendar, 2015 is the Year of the Goat (or sheep), creatures that are typically peaceful in nature but can also be stubborn, while exhibiting herd-like behavior.”That year official began on February 19. And so far, the Chinese zodiac has completely […]
REUTERS/StringerPupils creating the Chinese flag on a canvas by using their hands dipped in red paint at a primary school in Jinan, Shandong province, in 2009.Foreign cash is streaming into China’s stocks even as the market shows signs of extreme volatility — while analysts pile on to warn that Shanghai equities are in a bubble.Here’s the Financial Times on Friday […]
For the 4th day in a row, China opened with a dip last night, but this time it was different. A half-hearted BTFD-effort was met with major selling pressure. Between real-estate developer Kaisa’s failed bailout and yet another entity defaulting (Zhuhai Zhongfu stock plummetted) it appears the 8% rip of the last few days in the Shenzhen Composite was just […]
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The stock market in Shanghai has been on a tear in recent months, but it took a hard tumble on Thursday. The Shanghai Composite Index fell 6.5 percent in one day as over-leveraged investors fled the feverish market conditions, the Wall Street Journal reported. The index is up about 134 percent over one year ago.Does the Chinese stock market have […]
CHINA’S stockmarket has often been called a casino, with share prices bearing little connection to underlying economic conditions. But while the market has strayed from growth trends in the past, its divergence over the past few months has reached new extremes. Economic growth in the first quarter fell to 7%, the slowest annual figure in six years, but stocks have […]
