You Don't Make Money, We Don't Get Paid

By Chip Hanlon | April 17, 2009 | 9:42 AM |  0 CommentsTweet This

It's a phrase we've trademarked because it represents something new for Delta Global.

For the first time in quite a while, we're taking on new private clients (a part of our practice we nearly did away with).

The twist is: they'll only be paying us if their accounts rise in value. No annual management fee, percent of profits. Complete details here.

Some restrictions on account size and investor qualifications apply, no surprise.

And maybe we've missed it, but we're not aware of anyone else who does this. And based on the wildly positive initial response (investors seem tired of paying fees while their accounts get clobbered), we suspect it could catch on elsewhere.

The things we do globally are pretty unique and because we focus on providing internaional equity research services to institutions we may only be accepting new private clients for a limited time, so check it out.

In the past I've made occasional mention of things we're up to, but nothing as self-promotional as this. On the one hand: pardon me. On the other hand: it's the last day for this blog, so what the heck?

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Fast Forward to June

By Chip Hanlon | April 17, 2009 | 1:47 AM |  6 CommentsTweet This

Have the NBA playoffs ever set up worse than this year? Brutal.

Except for the Lakers, the West stinks. I know everyone still talks about how strong the Western Conference is, but they're looking in the rear-view. Kobe could go down with an injury that knocked him out of the playoffs and the Lakers would still win the West.

In the East, it's so simple: with KG down, Lebron and company cannot be stopped.

Let's just skip ahead to June and the Lakers-Cavs finals matchup. The playoffs until then are going to be horrific.

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Red County: One of the Balls in the Air

By Chip Hanlon | April 16, 2009 | 3:32 PM |  2 CommentsTweet This

OK, so I mentioned yesterday that I'm dropping the Pub due to time constraints (apparent here, this being my first post today-- less than an hour before the close). Here's one of the balls in the air: www.redcounty.com

The plan behind Red County has always been to make it a national network of local political content...some national commentary to tie it together, but the thing that should make it unique is its sweeping local coverage, and if can grow to 100+ active local blogs, we should have a traffic monster on our hands.

I also happen to be one of the original investors in it. Well, its founder and the other investors there approached Jim Slagle and me late last year to see if greenfaucet would be interested in taking it over (it wasn't exactly flourishing). At first we said no-- too busy. They re-approached us a few weeks later and because we had been chewing on it in the interim (and how well it would fit with greenfaucet), we said yes the next time around.

So, we had to put a big effort behind a redesign (if you've never seen it before, the old RC website was more than a bit disjointed). And we've had to put some effort/thinking into the entire business which is fairly sprawling given the number of contributors, relationships, etc.

Anyway, I'm still devoting some of my time to Red County--despit the fact I currently have no time to spare-- and probably will be for a bit. I'm the guy here with the political connections, and I need to make use of them on behalf of Red County at this early stage to be sure we get all of the national hitters on board.

I invested similar time in greenfaucet when it was young, but now I interact with it very little because Slagle runs it and has it humming. Red County will eventually get to that point, too, but for now it needs my attention.

Check out Red County, both now and over time to see how it evolves. It will become one of the most important political websites in existence.

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Pento in Institutional Risk Analyst

By Chip Hanlon | April 15, 2009 | 4:18 PM |  0 CommentsTweet This

If you haven't read Michael Pento's latest post about the Fed's balance sheet, you really should. In fact, Chris Whalen and the savvy folks over at IRA thought highly enough of it to include it in their newsletter today.

There are few better in the banking sector than Whalen's team. That newsletter we link to is free; traders would be wise to take advantage and sign up for it, and to keep an eye on IRA's work.

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