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Hoisington 2Q13 Letter


bmichaud
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http://www.hoisingtonmgt.com/pdf/HIM2013Q2NP.pdf

 

Phenomenal commentary by the long-time treasury bulls. Several good investment guys lately have been highlighting the good value to be found in Treasurys - Cullen Roche, David Kotok, Lance Roberts, Jeff Gundlach and Hoisington.

 

With PMs,PM miners and Treasurys all crushed over the past 6 months, a basket of these assets may not be a bad place to hide in an overvalued market environment.  8)

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http://www.hoisingtonmgt.com/pdf/HIM2013Q2NP.pdf

 

Phenomenal commentary by the long-time treasury bulls. Several good investment guys lately have been highlighting the good value to be found in Treasurys - Cullen Roche, David Kotok, Lance Roberts, Jeff Gundlach and Hoisington.

 

With PMs,PM miners and Treasurys all crushed over the past 6 months, a basket of these assets may not be a bad place to hide in an overvalued market environment.  8)

 

Thanks for posting.

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of course,

 

I always think the possibility is there , and the possibility is NOT low

I feel super surprised that ppl are discounting this possibility

 

In fact, if long term rate continues to rise, at some point I may even buy some DoubleLine funds

 

Wow!  They still figure that treasury rates have not bottomed out....and they've constructed a well-thought argument to support that view.  If they're right, then Prem is guiding FFH's portfolio perfectly.

 

Thanks for reminding us that the letter had been published.

 

SJ

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