Georg Oehm
Entrepreneur with a faible for braces & shorts (as clothes and investments) who believes in personal development of people & proper and hard work to solve problems & organise projects. Focus on negotiations and investing – always with the end in mind.
In risk management we use different systems providing indicators so that we can get an idea of the markets that goes beyond a superficial analysis of the situation. Of course there‘s no master indicator. The situation as far as information goes is like that in the cockpit of an airplane with numerous instruments. Some are used more regularly, others less. But in the end—just like in an airplane—it...
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I. What is important for fund investors
The reporting season—especially in the U.S.—took a promising course. As a result, numerous stocks in the fund (e.g., Adidas, Lam Research, Teck) from all topic areas have experienced steep upward spurts.
The temporary slump of the FANG stocks was absorbed quite well by the markets so far thanks to an intense sector rotation. The one-sided, rather emotional...
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I. FANG
The English term for vampire teeth is also the acronym of the U.S. stocks that were most popular in the first half of 2018 F(acebook)A(mazon)N(etflix)G(oogle).
Source: shutterstock, leo.org
The price development in the first half year was phenomenal.
A rise in prices of over 50% in six months—that doesn’t happen every day. FANG stocks making for more than 95% of the total price gain of...
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I. What is important for fund investors
The first half year of 2018 was characterized by a back-and-forth. Bull market in January, the blues in the spring, no decision on the further direction so far.
The fund is placed in a waiting position. Around two thirds are invested in stock, the rest comprises cash or hedged stocks.
Mellinckrodt suffered losses in the first half year of 2018. Nonetheless,...
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Chronic unease isn’t a pleasant thing to deal with. But it’s important for the management of risk.
You may wonder what this topic has to do with the burning oil rig. The connection is simple: British researchers have analyzed which oil rig managers have the fewest accidents. Complacent chief strategists aren’t very successful. Managers with “chronic unease” whose nature it is to suspect a risk behind...
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I. What is important for fund investors
The net stock ratio is at around 80%.
The investment target of a performance on or above the level of the indexes Stoxx Europe 600 and DAX with a much lower volatility has been fully achieved last month.
The focuses of the investment topics have not been changed significantly in May compared to April. The existing selection proved very positive for the price...
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Clauses in supply contracts that allow a supplier to withdraw from the contract when unexpected events (natural disasters, war, strike, sanctions) occur are called “force majeure,” meaning “superior force.” This is common especially in the commodity business. For example, BASF exercised its right of “force majeure” for a number of products after the fire in the port of Ludwigshafen in 2015, as it...
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I. What is important for fund investors
• In late April, the net stock ratio was at 71%. At the end of March, it had still been at 0 %.
• As of today (May 9, 2018), the stock ratio is at around 95 %, with no relevant hedging.
• The weighting of the investment topics was shifted significantly toward late-cycle areas.
• The risk management system is currently no longer YELLOW as it still was in late...
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The hoopla over Cambridge Analytica, the election campaign of The Donald, and its connection with Facebook’s use of private data was big. We almost got the impression that Hannibal Mark had climbed the sugar hills of the western Alps with his data elephants and was threatening the comfort zone of the Offline Occident.
A call for regulations rang out immediately and loudly. However, in this context...
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In March, the correction at the stock markets, which had started in February, continued. In contrast to the previous months, Mellinckrodt’s performance was not stellar, with the biggest decline of the fund price to date since the fund was launched. The extent of the decline is comparable with the cumulative decline in the crisis months January and February 2016.
This was caused by various aspects....
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