Dear MCM Friends,
We closed out Q1 of 2008 on a positive note. Despite not having a research team or a trading desk for the 1st time in my career, MCM's Global Long/Short portfolio compared favorably relative to all of the major US market indices.
MCM's March end and YTD Performance: +2.15% for the YTD (calc. on a gross basis)...
Index Performance for YTD, ended 3/31/08:
Dow Jones Industrial -7.55%
S&P 500 Index -9.92%
Nasdaq Composite -14.07%
Russell 2000 -10.19%
The more important news is that i now have a research team!
We opened our office this afternoon on the edge of Yale's campus, and we're happy to announce that we have started doing business as Research Edge, LLC. Our evolutionary operating system is called Hedgeye.com, and our website splash page launched today in conjunction with the firm's opening.
Your objective feedback throughout this process of innovation has been critical to my decision making, and i am looking forward to keeping our respective dialogues open. My distribution list was under 100 people, and I'll always remember these last 5 months as some of the most enjoyable of my career. Unfortunately, i had to reintroduce the alarm clock to my life again this morning.
Please login to www.Hedgeye.com, sign up, and pass along the good word. I am fired up to be back in a dressing room with a great team!
My new contact info is below.
Many Thanks,
Keith
Keith R. McCullough
CEO and Chief Investment Officer
RESEARCH EDGE, LLC
New Haven, CT
http://www.mcmmacro.blogspot.com/
MCM Disclosure/Disclaimer: This email and/or blog is for a select group of my friends, and represents a beta test of an idea that i am incubating. My email and blog writings are prepared without regard to the unique circumstances or goals of those who read them. They do not provide investment advice that should be specifically acted upon without considering the all encompassing range of investment information and/or considerations available in the public domain and/or without considering all appropriate professional advice. This should not be considered a solicitation to buy or sell any security or to participate in any investment strategy. The information and editorials in these writings are not necessarily complete or perfectly accurate and are not guaranteed by Keith McCullough or MCM. This information is protected from disclosure and constitute opinions only as of the date of their issuance. Opinions are subject to change without notice, and Keith McCullough or MCM do not accept any liability whatsoever for any losses estimated to be attributable to any use of this content. Keith McCullough and/or McCullough Capital Management, Inc. likely owns and/or is currently trading in all of the securities cited in these emails and/or blogs.
Tuesday, April 1, 2008
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