SPECIAL EPISODE: Hedge Fund Tips with Tom Hayes – VideoCast – Episode 142

Article referenced in VideoCast above:

The Billionaire Investors You Have Never Heard Of…

I enjoyed talking with with Philip Vassiliou – Partner and Chief Investment Officer of Billionaire Christopher Chandler’s Legatum.  Philip is in charge of all investment activities for the firm.

Before joining Christopher Chandler at Legatum in 2006, Philip worked with both Christopher and his brother Richard Chandler at Sovereign Global Holdings.  For those of you who don’t know the story – as the last time they did any press was an Institutional Investor article in 2006 – here’s the punchline:

“In two decades Richard and Christopher Chandler’s bold bets transformed a $10 million family fortune into a cool $5 billion.”

To put this in context:

Chandler Brothers (Richard and Christopher) turned $10M into $5B in 20 years (36% CAGR).  This compares with Warren Buffett (19% over 50yrs), Seth Klarman (20% over 34yrs), Peter Lynch (29% over 13yrs), George Soros and Stan Druckenmiller both around (30% over 30yrs).  Read the full detail of their Sovereign investments here: (macro ops)

Investment Highlights:

-Mosenergo – 383% in 4 years

-Unified Energy Systems – 430% in 4 years

-UFJ Holdings – 156% in 2 years

-SK Corp. – 433% in 2 years

-Mizuho Financial Group – 353% first 3 years.

If you cannot relate to starting with $10M, these returns are also equivalent to starting with $100K and turning it into $50M over 2 decades – 500x.  This is also equivalent to turning $1M into $500M.

To fully understand their investment philosophy, process and what they are focused on today, you will want to tune in to this first ever look “under the hood” in over 16 years…

SPECIAL EPISODE: Hedge Fund Tips with Tom Hayes – Podcast – Episode 132

Who are the 50 people influencing markets the most this year? Tell MarketWatch what you think here: (marketwatch)

Article referenced in podcast above:

The Billionaire Investors You Have Never Heard Of…

I enjoyed talking with with Philip Vassiliou – Partner and Chief Investment Officer of Billionaire Christopher Chandler’s Legatum.  Philip is in charge of all investment activities for the firm.

Before joining Christopher Chandler at Legatum in 2006, Philip worked with both Christopher and his brother Richard Chandler at Sovereign Global Holdings.  For those of you who don’t know the story – as the last time they did any press was an Institutional Investor article in 2006 – here’s the punchline:

“In two decades Richard and Christopher Chandler’s bold bets transformed a $10 million family fortune into a cool $5 billion.”

To put this in context:

Chandler Brothers (Richard and Christopher) turned $10M into $5B in 20 years (36% CAGR).  This compares with Warren Buffett (19% over 50yrs), Seth Klarman (20% over 34yrs), Peter Lynch (29% over 13yrs), George Soros and Stan Druckenmiller both around (30% over 30yrs).  Read the full detail of their Sovereign investments here: (macro ops)

Investment Highlights:

-Mosenergo – 383% in 4 years

-Unified Energy Systems – 430% in 4 years

-UFJ Holdings – 156% in 2 years

-SK Corp. – 433% in 2 years

-Mizuho Financial Group – 353% first 3 years.

If you cannot relate to starting with $10M, these returns are also equivalent to starting with $100K and turning it into $50M over 2 decades – 500x.  This is also equivalent to turning $1M into $500M.

To fully understand their investment philosophy, process and what they are focused on today, you will want to tune in to this first ever look “under the hood” in over 16 years…

Be in the know. 22 key reads for Friday…

  1. Biotech Stocks Are Poised to Outperform for the Rest of 2022 (barrons)
  2. TSMC Sales Soar 44% in Another Sign of Resilient Tech Demand (yahoo)
  3. Beijing Scraps China’s First Vaccine Mandate in Abrupt Reversal (bloomberg)
  4. Huge rare earth reserve discovered in Turkey, but experts caution that ‘grade is king’ (marketwatch)
  5. Strong labor market a bulwark against recession as U.S. creates greater-than-forecast 372,000 jobs (marketwatch)
  6. Boeing Gets Good News From Engine Supplier Rolls-Royce (barrons)
  7. Why Recession Now Is Better Than Recession Later (barrons)
  8. Costco Has Another Strong Month of Sales. Thank Its Cheap Gas Prices. (barrons)
  9. Inflation and Unemployment Haven’t Behaved Like This in 70 Years. Why It Matters. (barrons)
  10. This Air-Conditioning Stock Fell 20%. It’s Time to Buy. (barrons)
  11. Short-term investors might want to sit out the volatility. But here’s what longer-term investors should do, says ex-SAC analyst. (marketwatch)
  12. Opinion: If you buy the S&P 500 Index now, there is only a 4% chance you’ll be paying too much (marketwatch)
  13. BofA Says Recession Fears Prompt Investors to Dump Stocks Again (bloomberg)
  14. Tesla China Shipments Soar to Record as Plant Fires Back Up (bloomberg)
  15. Boeing CEO’s Hands-Off Style Has Doubters as 787 Comeback Nears (bloomberg)
  16. Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears (cnbc)
  17. Shinzo Abe, influential Japanese prime minister, 1954-2022 (ft)
  18. Western investors flock to China equity ETFs (ft)
  19. India isn’t likely to stop buying Russian oil any time soon. Here’s why (cnbc)
  20. Commodity prices are slumping. Here’s why it could mean inflation is on the way down. (businessinsider)
  21. Fortune Cookies Favor the Brave (wsj)
  22. XPO Stock is ‘Too Cheap to Ignore’, Morgan Stanley Says and Upgrades to Overweight (streetinsider)

 

Be in the know. 37 key reads for Thursday…

  1. China Considers $220 Billion Stimulus With Unprecedented Bond Sales (Bloomberg)
  2. China’s Li Urges Coastal Powerhouses to Roll Out Growth Policies (bloomberg)
  3. Alibaba’s Jack Ma shows up at Dutch university as he keeps low profile (scmp)
  4. Buy the dip in China markets despite Covid concerns: Bank of America Securities (cnbc)
  5. Merck Is Now in Advanced Talks to Buy Cancer Biotech Seagen for $40 Billion: Report (barrons)
  6. Meridian Bioscience agrees to $1.5 billion buyout by SD Biosensor, SJL Partners (marketwatch)
  7. Samsung’s ‘better than feared’ earnings spur chip stock rally (cnbc)
  8. Wharton professor Jeremy Siegel says there’s ‘no question’ the US is already in a recession and the Fed could shock markets with a much smaller rate hike this month if data weakens (cnbc)
  9. The stock market is gearing up for a strong recovery in the 2nd half as ‘transitory’ inflation begins to cool, Fundstrat says (cnbc)
  10. China ETFs Attract Billions as Investors Hope Selloff Is Over (wsj)
  11. Do You Have Biotech FOMO? It Might Be Time To Pay Attention To These Names (investors)
  12. Norwegian Cruise to Drop Preboarding Covid Testing at Some Ports (barrons)
  13. This strategist warned investors not to chase momentum at the top. Now he says it’s time to be a contrarian. (marketwatch)
  14. Bank stocks are super cheap — even with the risk of recession (marketwatch)
  15. Yield curve inverts further after Fed’s hawkish minutes (marketwatch)
  16. Wall Street profit expectations for megabanks cooled slightly ahead of earnings despite deep freeze in stocks (marketwatch)
  17. Ford’s F-150 Electric Truck Is Red-Hot. What It Means for the Stock. (barrons)
  18. The Fed is Nimble. It May Change Tack Again in July. (barrons)
  19. Why a rally in growth stocks could signal ‘peak’ Fed hawkishness has passed (marketwatch)
  20. The Economy Could Take 3 Paths, J.P. Morgan Says. Only One Is a Soft Landing. (barrons)
  21. Inflation Isn’t Recession. The Chances of a Downturn Are Lower Than People Think. (barrons)
  22. Inflation Fears Drove Larger Fed Rate Increase in June (wsj)
  23. Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members (wsj)
  24. Consumers Say 2022 Is the Worst Economy Ever (wsj)
  25. Job openings eased, in a sign of the cooling labor market. (nytimes)
  26. US Jobs Report to Show ‘Natural Slowdown’ But Not Broad Weakness (bloomberg)
  27. Oil Plummets Below $100 as Recession Risks Come to Forefront (bloomberg)
  28. A stock market bottom could be near as short-sellers become hesitant to press bets after making nearly $300 billion in profits this year, S3 Partners says (businessinsider)
  29. Charts suggest the market could find a bottom after a little more weakness, Jim Cramer says (cnbc)
  30. China unveils plans to spur car demand, may extend EV tax break (reuters)
  31. China Prepares $220 Billion Stimulus With Tsunami Of Bond Sales (zerohedge)
  32. Bed Bath & Beyond’s new CEO bets big with her own money (yahoo)
  33. Alibaba Earnings Turnaround Hopes Revived After Shares Rise 60% (yahoo)
  34. Betting Against Tech Is Finally a Winning Trade as Short Sellers Sit on $20 Billion Profit (yahoo)
  35. China’s first domestically made Covid-19 drug enters commercial use (scmp)
  36. Hong Kong stocks gain as city seen easing air travel in boost for businesses (scmp)
  37. China embarks on state-led search for ‘disruptive’ innovations (scmp)