Tuesday, 20 December 2011

Joint International Meeting of the AMS and the Romanian Mathematical Society

In partnership with the "Simion Stoilow" Institute of Mathematics of the Romanian Academy
June 27 - 30, 2013
Alba Iulia, Romania
Website

Wednesday, 23 November 2011

Monday, 17 October 2011

Saturday, 2 July 2011

Variational Inequalities, Obstacle and Free Boundary Problems in Mathematical Finance

September 2 to December 13, 2011
Fall 2011 graduate course
Rutgers, The State University of New Jersey, New Brunswick/Piscataway, NJ
Website

Saturday, 26 March 2011

Tuesday, 4 January 2011

Month-End Recap, Dec 2010

As usual, this is not investment advice and should not be construed as such.

I am currently 90% invested, as follows:

62% Agricultural commodities
10% Other commodities
12% Emerging market equities
06% Miscellaneous equities
10% Cash

My largest position continues to be in soybeans, followed by sugar.

Although my net exposure hasn't changed from last month, I've redone my allocations somewhat. Most tangibly, I've continued to sell EM equities into weakness, while adding to my exposure in grains and softs. Both switches worked out well. Looking ahead, I hope not to make any major portfolio changes for at least a few months.

As for performance: December was a very good month to end what was a very good year for my portfolio. I ended the year at my high-water mark, which is always gratifying. Even more gratifying is the fact that I handily beat pretty much every benchmark imaginable -- MSCI World, S&P 500, GSCI, CRB, Gold, Oil, RJA, Barc Agg Bond, CSHFI, you name it -- without taking on any leverage or illiquidity. Here's hoping 2011 brings more of the same!