Bridgeway’s aggressive growth funds aim to beat the market without taking any additional risk. Since 1998, Bridgeway Aggressive Investors 1 has met its goal every year except 2006. But fund manager John Montgomery doesn’t fret much about turning in a gain of just 7.1%. “It was a bad year for us on a relative basis,” Montgomery said. “But so what? Our bogey is three years.” Aggressive Investors 1 going into Wednesday was up 12.01% year to date vs. 10.94%...
Carry trade partially unravels
May 16, 2008 on 11:38 am | In Currency |
Yesterday, the collapse which roiled global financial markets spread to forex markets, causing the Yen to loosen from its moorings and sending the currency upward against most of the worlds major currencies, including a 2% rise against the USD. While the Yen has already given back some of these gains, many analysts are already speculating that this jolt some life into the Yen and put an end to the carry trade which has sent the Yen to record lows. Ultimately, it is volatility that will lift the Yen, and Yen bulls are surely hoping for another week like this one. CBS Marketwatch reports: “One of the things that carry trade relies on is relative low levels of volatility. Clearly the most recent catalyst has been the Chinese market meltdown triggering a meltdown in other emerging markets and basically a shift out of riskier assets into less risky assets.” Read More: http://www.marketwatch.com/news/story/carry-trade-unwinding-roils-currency/story.aspx?guid=%7BD649A4E9-FEB2-4BDB-93DF-BFEEE4CD4D10%7D
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