Mon, Aug 31, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner