Fri, Apr 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund manager, Patrick Wolff, sees rise of fortress USA in 2013

Tuesday, January 22, 2013

amb
Patrick Wolff
Bailey McCann, Opalesque New York:

Patrick Wolff is founder of Grandmaster Capital, the first hedge fund seeded by Peter Thiel. Thiel is a well-known Silicon Valley leader and investor. Grandmaster is a fundamentals based long/short equity manager with some macroeconomic analysis added in – a layer supported, in part, by Wolff’s relationship with Thiel. He recently spoke with Greg de Spoelberch for Opalesque TV on his outlook for 2013.

"The U.S. has relatively stable macroeconomic fundamentals, the U.S. economy is recovering, the U.S. can decouple to some degree from the rest of the world so long as there is not a full on 2008 style financial contagion, and it's a good place to look for businesses whose earnings are mostly tied to the United States," he says by way of explaining one of his current investing themes – fortress USA.

This theme highlights how the macroeconomic overlay Wolff applies to his equities strategy plays into which stocks he picks. He says right now, Grandmaster is focused on US-based, US revenue driven stocks over more global companies because the economic factors outside the US like Europe or the commodities super cycle are too risky.

Rather than just looking at the current macroeconomic context, Wolff goes out 150-200 years, looking at cycles over the very long term to come away with his insights. "In the last 150-200 years of emerging market growth, what you see is a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob