GAIM Day 1

Well Day 1 of the GAIM USA Hedge Fund Conference is history.

From my notes:

Buy corn, fertilizer, aluminum.

Short Coke, Pepsi - they are going to pay more for aluminum cans.

Non-Japan Asia - a big buy.

Likely best 2007 strategy (by audience vote) equity long/short.

Forget mirroring of hedge fund strategies.

Activist funds deal pain to inept old fogey boards and management.

State pension plans looking for alpa from hedge funds - maybe 15% of portfolio.

Event driven to rock as deal cycle just starting to really kick into gear - abroad even more so than US.

Global Macro/CTA - our day will come.

We can make you money in Vietnam.

China, China, China!!!

We've got the metrics on risk measurement.

US Stocks no good - gotta go foreign.

Japan banks ready to move up.

REITS way way way overpriced.

Oils gotta move up.

In short - loads of fun.

Stay tuned for Day 2.