By Sell Puts
The churn and lack of macro movement over the last year makes it very difficult to pick direction or even individual stocks. The days of 2008 where liquidity flowed? and the markets actually had conviction are over. Dispersion trading seems to be the way to go if your on a quest for alpha in the robot market.
(Marketwatch)"The PSQR hedge fund is down roughly 11% so far this year. Before this year, performance was strong. Pellegrini launched the vehicle in April 2008 and opened it to outside investors in December 2009
.In 2008, the fund generated 40% returns, in the midst of the financial crisis. In 2009, it returned more than 60%, according to industry publication AR magazine, which reported Pellegrini's plans earlier on Friday."
