Archive for April, 2010

Miles said:

Fund Update

Fund Positioning 28_04_2010

Wednesday, April 28th, 2010

Nigel said:

USD / Debt / Gatekeepers

The defensiveness of the Yen is intriguing given the government debt position, large short term refinancing requirement and dependency on local capital (which faces demographic challenges). The following link to the recent IMF Global Financial Stability Report provides a concise summary of a number of metrics for a range of countries (refer Table 1.1 in Chapter 1, page 5).

Link to article (see page 5)

Thursday, April 22nd, 2010

Miles said:

Long Tail Partners No.1 Fund

We opened the fund today; it is the primary investment vehicle we will use for our own capital. Initially the fund will be largely invested in cash and money market type securities. Over time we expect to use these balances to invest in discrete opportunities as we identify them. If you would like to invest your capital along side ours, or know more about the fund, please click on the link below to download a copy of the Information Memorandum.

Long Tail Partners No.1 Fund – Information Memorandum

Thursday, April 15th, 2010

Miles said:

Valuation: Hussman Funds

I thought this article was interesting; particularly the comments on operating margins and the work overlaying the steepness of the yield curve with valuations and returns.

Monday, April 12th, 2010

Nigel said:

USD / Debt / Gatekeepers

The attached article is from the Financial Times earlier this week. The last paragraph seems particularly pertinent. While international bodies make progress on public sector accounting disclosure for financial instruments, they appear to lack urgency (from January 2013) and it remains to be seen if they go far enough.  The current uncertainties around government debt demand a greater level of transparency.


Friday, April 9th, 2010

Miles said:

Leveraging Tech: 4

Some friends were raving about the Kindle over Christmas, they saw it as a must have travel accessory due to the weight and space savings it gave them vs packing multiple books. I thought, that is a good idea – even better if I can save across a couple of annual reports and pdf files before I head out the door. I’ve bided my time waiting to see how the Apple i Pad lines up. Here is a link to some recent reviews + links to the more detailed articles if interested.  

i Pad Reviews

Tuesday, April 6th, 2010

Yes or no?