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Wednesday, May 5

Portfolio Update

A small flurry of trades this morning to update on. 

Value Equity Bucket:
DRWI, 1.6% position -- As explained in the write-up, a position was taken in DRWI.

NCAV Bucket:
Four new positions (XIN, CNTF, LTON and TWMC) were added to the NCAV bucket, at c50bps each.
Half of the existing position in BXG was sold, the remaining position represents c45bips
I'll have some additional information up on the NCAV bucket posted tomorrow.
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2 comments:

  1. JohnLMay 6, 2010 at 10:59 AM

    Do you mind adding some colour to your "4 new positions"? I understand your 65% NCAV entry requirements can you give some detail on exit points?
    JohnL

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  2. Our Man in NYCMay 12, 2010 at 5:48 PM

    Hi John -- thank you for being my first commenter, and sorry for being so slow in responding.

    Hopefully, the subsequent post to this one provided the information you were looking for. While it's easy to make the entry-levels quite scientific, exiting positions is far more of an art...which is why for the NCAV bucket I've tried to set some common sense (at least I think it is) rules.

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