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Bloomberg – Marcos Duarte, co-founder of the $1 billion hedge fund Polo Capital Gestao de Fundos Ltda., is buying more Brazilian homebuilder shares even after the stocks more than doubled this year.
Duarte said the Rio de Janeiro-based firm is buying real estate developers Klabin Segall SA and EZ Tec Empreendimentos e Participacoes SA, adding to bets on the industry that helped his 659 million-real ($348 million) Polo Norte Multimercado LP fund outperform 96 percent of its peers in 2009.
West Palm Beach (HedgeCo.net) – Brotman Capital Partners LP, based in Boca Raton, Florida, has turned in the best performance Year to Date of a Market/Trend Timing Hedge Fund according to Barclays Hedge Fund Database.
Through October, 2008 the Fund is up over 14% net of fees. The fund has a $100,000 minimum investment and charges a 2% management fee and a 20% incentive fee.
According to Dr. Randy Brotman, Chairman and CEO, the fund has remained in cash since the middle of August. He states that “in our Trend Timing Fund, cash is an option, therefore a position.”
The Proprietary Trend Timing Model that Brotman Capital Management LLC employs dictates when the Fund should be long, short or in cash. “Be are comfortable to sit on the sidelines and wait for the trend-timing model to tell us when we will reenter the market, Brottman concluded.
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West Palm Beach (HedgeCo.net) – Brotman Capital Management has chosen this, the worst year for hedge funds in over a decade, to launch its flagship Market Timing Fund.
Since inception through August 2008 the fund is up 14% net of fees. The fund has a $100,000 minimum investment, 2% Management fee and a 20% Incentive allocation.
Domiciled in Boca Raton, Florida, Brotman Capital Partners began trading in January 2008. The proprietary Trend Timing Model that the hedge fund employs dictates when the partnership should be long, short, or retained in cash.
Although trend timing is certainly not a mainstream Wall Street philosophy, the General Partner believes that the Trend Timing Model is valid and will deliver superior returns in the long run when compared to a “just buy and hold the S&P 500” philosophy.
"Even though most market gurus believe nobody can “Time the Market” correctly and consistently," Dr. Randy Brotman, Chairman and CEO, stated, "We are very pleased with our performance and we never use margin to enhance our results."
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
