Link FestHedge Fund Link FestIn case you have been reading up on bank failures and bail outs all week and missed much of the news on the hedge fund industry here is a link fest out to many of the events which recently occurred in the industry:Citadel, TPG-Axon Stumble Toward Worst Year in Hedge-Fund SwoonBloomberg - USA19, the worst first nine months of a year since Chicago-based Hedge Fund Research Inc. started tracking the data in 1990. Investment gains are being ... Worth Interviews Hedge Fund Guru David EinhornMarketWatch - USAIn the case of Lehman Brothers, one of those short sellers is David Einhorn, the head of hedge fund Greenlight Capital. Last May Einhorn stated publicly ... ...

BP Capital ManagementBP Capital Management | Boon Pickens HoldingsThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.With all the commotion surrounding energy these days, it never hurts to track an energy focused hedge fund ran by none other than Boone Pickens. If you are unfamiliar with Pickens, he is an energy maverick and his fund returned 300% in 2005. He is a big advocate of Peak Oil Theory and runs an energy-centric hedge fund based in Dallas, Texas. Although he typically holds numerous positions in oil, he is also big on alternative energy (except ethanol) and has numerous holdings there as well. He most recently advocated a large natural gas position and has additionally made a big bet on ...

The quest for performance sometimes drives a rapid shift from one market sector to another.  This can come from major hedge fund reallocations, but also due to marginal changes from large mutual funds.  Our TCA-ETF model shows us the direction of these moves by capturing recent trends.  It also includes some sectors that we expect to return to favor on a cyclical basis. Even for those not interested in trading based upon a sector program, looking at the changes in ratings paints a picture of overall market interest and activity.  Based upon a reader's suggestion (Thanks, TT!) we recently added a "prior week" rating to our report.  It is interesting information. This week we see that the most favored sectors have moved quite rapidly from much lower positions.  This reflects a decline in some recent high rankings, as well as recent strength ...

There's nobody like an investment banker to deliver yesterday's news tomorrow, and charge you dearly for it. Goldman Sachs have turned bullish on the dollar, while Merrill Lynch are calling crude oil down to $80. If bandwagon jumping was an Olympic sport, these guys would have more gold medals than Michael Phelps. After pumping up the commodity and Euro bubbles all year, a whiff of a bear market and they shamelessly perform a high speed U-turn. Even more amusing is the sudden discovery by the CFTC, which bent over backwards to convince Congress that oil prices were set by fundamentals, that they underestimated the share of trading accounted for by financial speculators. You don't say. If a canny operator like Boone Pickens has lost $2bn in a month on oil futures, the odds of another Amaranth Advisors style blowup are worryingly high over coming weeks ...

In a July 8 feature, Boone Pickens told CNBC he’s sticking with $150 oil for 2008. But where did Lehman Bros. see oil?

Also on Tuesday, JP Morgan (JPM - Annual Report) said U.S. crude futures may hit $150 later this month, while Lehman Brothers (LEH) raised its oil price forecast to an average $127 a barrel for 2008 from its previous assumption of $105.