Palantir Fund Revs Up for Dollar Rally
The fund, which takes both long and short positions, has risen 14% this year, better than 66% of its Morningstar (MORN) peers. Non-U.S. companies make up almost a third of the fund.
Welcome to TheStreet's Fund Manager Five Spot, where America's top mutual fund managers give their best stock picks in five fast and furious questions.
Are you a bull or a bear?Samuels: An effective long-short manager should rarely be solely bullish or bearish. The Palantir Fund is a global multi-cap long-short fund. This flexible charter provides a broad assortment of tools that allow more textured and effective risk management than long-only funds typically possess. Our mission is to identify opportunities to be simultaneously positioned as a bull and a bear in specific stocks and sectors. With that said, we have been growing increasingly bearish on the broad U.S. stock market since summer. If signs begin to emerge that government-fueled liquidity excesses are winding down -- and we feel this is a question of when, not if -- our response would be more decisively bearish. For now, we are specifically bearish on highly leveraged companies that rely on the growth of American consumer borrowing and spending on discretionary and luxury goods. At the same time, we are bullish on Asian consumer spending on basic goods and services, which results from rising income levels. In other words, we are bullish on Asian needs and bearish on American wants.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV