Jean-François Tardif is a senior portfolio manager with Sprott Asset Management Inc. He is the lead portfolio manager for the Sprott Opportunities Hedge Fund LP.
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Top Five Holdings
Genivar Income Fund
Chasing the bear, Mr. Tardif is buying Canadian T-Bills as a no-risk alternative to cash, which he says is the safest way to hold cash.
Streettracks Gold ETF (GLD-N)
As Mr. Tardif's gold bullion equivalent to cash, Streettracks Gold ETF is a defensive play with upside should gold move in a positive way.
HBP 60 Bear+ E.T.F. (HXD-T)
Mr. Tardif is buying the HBP 60 Bear ETF as a hedge only, betting the markets are going lower.
Past Picks: October 26, 2006
Wajax Income Fund (WJX.UN-T)
Then: $35.47 Now: $34.40, -3 %
Aastra Technologies (AAH-T)
Then: $30.78 Now: $34.79, +13%
Western Prospectors Group (WNP-T)
Then: $3.65 Now: $2.37, -35%
As we witness the liquidity problems in the world and people taking their money out of banks and money market funds, as well as institutions not renewing short-term debt, risk is in the forefront of our minds. Mr. Tardif sees the current risk/reward profile as unattractive and as such has decreased substantially his long exposure.
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