Mon, Oct 20, 2014
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

Banner

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 Roundtable: Where are all the good ESG hedge funds?[more]

    Benedicte Gravrand, Opalesque Geneva: What are the benefits of sustainable investing? Many pension funds look to focus on that angle to reflect their company’s good governance, but face many challenges while doing that. A portfolio manager at Univest, a large Dutch pension fund, discusses this is

  2. Bill Gross gives his first investment outlook for Janus fund[more]

    Bill Gross strikes a gloomy tone in his first note to investors at his new gig at Janus Capital. Bill Gross, the renowned bond fund manger, struck a pessimistic chord in his first note to investors at his new gig at Janus Capital. His notes, usually full of silly commentary and upbeat advice, took a

  3. Investing - Big investors move to shore up Fannie, Freddie trade, Two hedge funds eye $1bn support to Sahara to secure Subrata Roy's release[more]

    Big investors move to shore up Fannie, Freddie trade From Forbes.com: Two of the nation’s most prominent investors who have been leading the charge to make a big score out of the shares of Fannie Mae and Freddie Mac moved on Friday to shore up shares of the mortgage giants that plunged r

  4. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  5. Swiss insurance investment manager opens office in insurance traders' Mecca; London[more]

    Benedicte Gravrand, Opalesque Geneva: Twelve Capital, a swiss manager focused on insurance related investments, was authorised by the UK's Financial Conduct Authority (FCA) as a MiFID investment firm on October 1st and opened its new London office. "In an effort to enhance its investment