CRESCAT GETS ACTIVIST ON GOLD #59

Marek Iwahashi Videos & Interviews

In this video Crescat Portfolio Managers, Kevin Smith and Tavi Costa, along with Geologic & Technical Director, Quinton Hennigh, provide position updates on various Crescat holdings.

CRESCAT GETS ACTIVIST ON GOLD #58

Marek Iwahashi Videos & Interviews

In this video Crescat Portfolio Manager, Tavi Costa, and Portfolio Analyst, Max Fischer, along with Geologic & Technical Director, Quinton Hennigh, introduce Brixton Metals ($BBB.V)  and provide position updates.

Crescat October Performance Update

Crescat Capital Videos & Interviews

November 14, 2020 Dear Investors: Crescat’s three hedge funds surged in October to maintain their year-to-date performance leadership within the universe of managers. The S&P 500 declined 2.4% in the same month as US election day neared. All five of the firm’s investment strategies substantially outperformed their benchmarks net of fees in 2020 and since inception. Collectively, the Crescat strategies …

Crescat Turns Activist on Gold – June Investor Letter

Crescat Capital Videos & Interviews

      June 17, 2020 Dear Investors: The US stock market should not be trading anywhere close to the multiples it is today given the enormity of the macro events that have already unfolded this year: US and Iran being on the brink of war in January with still unresolved problems. The virus pandemic that now has an incredibly …

This Is It

Crescat Capital Videos & Interviews

March 23, 2020 Dear Investors: Many of you understandably have been asking for more frequent performance and positioning updates now that we are in a bona fide financial crisis. We are happy to oblige. The good news is that since the market top on February 19 and through last Friday, Crescat Global Macro Fund LP is up approximately 40.5% net …

Blood in the Streets

Crescat Capital Videos & Interviews

March 17, 2020 Dear Investors: Are you looking for securities to buy to take advantage of the carnage in the financial markets from the coronavirus? Baron Rothschild, the 18th-century British banker advised that “The time to buy is when there’s blood in the streets, even if it is your own.” He made a fortune buying government bonds in the panic …

Tavi Costa Featured in Barrons

Crescat Capital Videos & Interviews

Tavi Costa says opportunity may be knocking for one sector that’s been down in the dumps for a while. Oil-service stocks “have never looked so cheap,” Costa said in a tweet.

Running Hot

Crescat Capital Videos & Interviews

Download PDF Version The highly probable and downright inevitable unwind of today’s trifecta of financial asset bubbles: stocks, corporate credit, and Treasury bonds may soon morph into brutal bear market. The end game is unstoppable in our view and approaching fast. The Fed is between a rock and a hard place. It has been printing money like it’s the depth …

The Impending End of A Mania

Crescat Capital Videos & Interviews

Read PDF Version An important ratio of commodity versus equity valuations just reached a fresh 50-year low resembling two prior significant cyclical US stock market peaks in 1972 and 2000. Macro Imbalances There is a laundry list of dangerous assets bubbles in the global financial markets today that have built up over a record long US economic expansion: Highest ever …

Kevin Smith on Real Vision | Trade Ideas

Crescat Capital Videos & Interviews

Is the 36-year-old currency peg between Hong Kong and the U.S. on the verge of collapse? Kevin Smith explains his short thesis on the Chinese Yuan and Hong Kong Dollar in his most recent Real Vision interview.

Crescat Launches New Gold Strategy

Crescat Capital Videos & Interviews

“Precious metals are one of the few pockets of this market offering tremendous value to hedge against extreme monetary policies, bursting asset bubbles, and record global leverage”

Tavi Costa Appears on the “Off The Chain” Podcast

Crescat Capital Videos & Interviews

In this conversation, Tavi and Anthony Pompliano discuss Bitcoin, cryptocurrencies, the current U.S. economic markets, China, precious metals, how central bankers handle recessions, and what Tavi thinks is most likely to occur in the macro world over the next few months.

Kevin Smith Interviewed on Real Vision

Crescat Capital Videos & Interviews

Kevin Smith, joins Real Vision for his first Trade Ideas interview to discuss his bearish bet on the stock market. He reviews a variety of valuation metrics, highlights the flashing red signals from his macro indicators, and discusses how to make the trade, in this interview with Jake Merl.

Tavi Costa Interviewed on Real Vision

Crescat Capital Videos & Interviews

Tavi Costa, makes his Real Vision debut in style — with a bullish trade idea on precious metals. He highlights why it’s finally time for gold to start outperforming, supports his thesis by examining a variety of macro indicators, and discusses how to play the current setup, in this interview with Jake Merl.

Blow Off Top For Bear Market Rally

Crescat Capital Videos & Interviews

March 23, 2019   Dear Investors:   Thursday had the feel of a blow-off top for the bear market rally. We are near historic valuations for US stocks across at least eight fundamental measures and at a record late stage in the business cycle. Equity markets appear more stretched relative to underlying deteriorating fundamentals than ever. Micron this week was …

Bear Market Rally Sets Up Opportunity For Crescat Strategies

Crescat Capital Videos & Interviews

Dear Investors: There is indeed a business cycle and timing it ahead of key inflection points is key to successful long-term investing. Based on our analysis, we are heading into a bear market in 2019 that will coincide with the start of a global recession that will not be officially acknowledged until well after it began. For the following reasons, …

Strong 2018 for Crescat – Macro Opportunities Abound

Crescat Capital Videos & Interviews

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on Bloomberg reporting, Crescat had the number 1 and 2 performing US hedge funds in December and the number 1 and 3 performing US hedge funds for 2018. We are pleased to announce the official performance for …

2 of World’s Top Funds in 2018 per Bloomberg

Crescat Capital Videos & Interviews

“As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived”, according to Bloomberg who recognized Crescat for its leading performance among hedge funds globally in 2018:  https://www.bloomberg.com/news/articles/2019-01-04/hedge-funds-returning-20-show-all-is-not-lost-for-smart-money

Crescat November Performance Update

Crescat Capital Videos & Interviews

December 12, 2018 Dear Fellow Investors, Performance and Profit Attribution In December through yesterday’s close, Crescat Global Macro Fund (CGMF) is up an estimated 5.9% month to date and 29.9% year to date and Crescat Long/Short Fund (CLSF) is up approximately 7.4% month to date and 20.6% net year to date. Through the same period, the S&P 500 is down ...

Crescat Tops the Chart in October

Crescat Capital Videos & Interviews

Dear Fellow Investors, October was a frightening month for investors around the world. From Hong Kong to New York, stock markets were slammed by a wave of fears about slowing growth, trade wars, and higher interest rates. The Nasdaq took the brunt of the damage. Stocks like Amazon and Netflix both lost around one-fifth of their value as the Nasdaq …

Crescat Delivers Strong October Results

Crescat Capital Videos & Interviews

For the third time this year, Crescat Global Macro and Crescat Long/Short hedge funds were featured among Bloomberg’s monthly top U.S. hedge fund performers. See October’s Bloomberg Hedge Fund Brief. Year-to-date and long-term performance remain strong as our macroeconomic themes and proprietary models continue to uncover successful investment opportunities.   © 2018 Crescat Capital LLC   Case studies are included …

Crescat July Estimates

Daniel Jaber Videos & Interviews

China equity and yuan shorts worked well for Crescat’s hedge funds in July although US equity shorts and the gold longs held back the performance. We expect US equity shorts and gold longs to be changing soon in our favor.

Crescat Profits from Yuan Devaluation in June

Daniel Jaber Videos & Interviews

In our last quarterly letter, we showed five macro imbalances that were setting the Chinese yuan up for a substantial and imminent devaluation. Since then, our yuan devaluation theme has indeed started to play out again, like what began in 2015.

It’s 1929 – What Would Joe Kennedy Do?

Daniel Jaber Videos & Interviews

As we showed in our recent quarterly letter, there are numerous parallels in the market today to 1929 and other historic market peaks. It is times like now, that the financial success story of Joseph P. Kennedy should be particularly inspiring.

Crescat Q1 2017 Investor Letter

Daniel Jaber Videos & Interviews

By keeping interest rates on the world reserve currency too low for too long, the Federal Reserve has created speculative asset bubbles in far-reaching areas of the globe.

Crescat Capital Featured in Barron’s

Daniel Jaber Videos & Interviews

Crescat’s Chief Investment Officer Kevin C. Smith was featured in Barron’s for a hedge fund profile. In the article, Kevin discusses our recent success with our China Currency and Credit Bubble Theme, as well as the origins of the firm and our proven investment process.