Archive: 11/06/2007
Main News
U.S. Consumers Are Likely To Drop Their Shopping In 2008
Showing an amazing ability to ignore higher oil prices and lower home prices, American consumers continue to spend at a steady rate. However, we expect the squeeze of higher mortgage payments and rising energy expenses will slow consumer spending next year. The wave of delinquencies in the housing sector should also dampen consumer confidence and outlays.
To learn more, click or copy and paste the URL below:
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http://standardandpoors.rsys1.net/servlet/cc5?kHiQYUDCQTVsLgHxhilpuHQJhuV2VSS
Showing an amazing ability to ignore higher oil prices and lower home prices, American consumers continue to spend at a steady rate. However, we expect the squeeze of higher mortgage payments and rising energy expenses will slow consumer spending next year. The wave of delinquencies in the housing sector should also dampen consumer confidence and outlays.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQYUDCQTVsLgHxhilpuHQJhuV2VSS
Has Every Wall Streeter Gone Insane? A Graphical Guide.
Fed's Kroszner says subprime problems could 'get worse before they ...
Forbes - NY,USA
WASHINGTON (Thomson Financial) - Problems in the subprime mortgage sector are could 'get worse before they get better,' Federal Reserve Governor Randall ...
See all stories on this topic
Forbes - NY,USA
WASHINGTON (Thomson Financial) - Problems in the subprime mortgage sector are could 'get worse before they get better,' Federal Reserve Governor Randall ...
See all stories on this topic
Screenwriters' Strike Portends Dramatic Episode For Broadcasting & Entertainment Industry
Traditionally regarded as the union with the least clout for a strike, the Writers Guild of America surprised the entertainment and investment community with its walkout. Although we do not currently expect ratings will be affected, the strike could affect broadcasters' and producers' business operations, brand franchises, and potentially, longer term profitability. Key issues at stake in the negotiation include pension and health care contributions, but also, more importantly, compensation for DVD sales and evolving digital uses of writers' work.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQYUDCQTVsLgHxhilpuHQJhuV2VSU
Traditionally regarded as the union with the least clout for a strike, the Writers Guild of America surprised the entertainment and investment community with its walkout. Although we do not currently expect ratings will be affected, the strike could affect broadcasters' and producers' business operations, brand franchises, and potentially, longer term profitability. Key issues at stake in the negotiation include pension and health care contributions, but also, more importantly, compensation for DVD sales and evolving digital uses of writers' work.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQYUDCQTVsLgHxhilpuHQJhuV2VSU
PAKISTAN: Pakistan's elections "will be held according to schedule" despite the state of emergency declared Nov. 3, Pakistani Prime Minister Shaukat Aziz said at a news conference.
NEW YORK (HedgeWorld.com)—Not many segments of the credit market did well in this summer's crisis, but private investments in public equity may be an exception. ......
Mon, 05 Nov 2007, 08:12
Bloomberg
The hedge-fund industry is grappling with its first shakeout in a decade as investors increasingly recoil from startups considered susceptible to the toxic shocks of this year's credit markets. New hedge funds are opening at the slowest pace since 2003 with almost all of the USD164 billion of new investments going to managers with proven records, data compiled by Chicago-based Hedge Fund Research Inc show.
The hedge-fund industry is grappling with its first shakeout in a decade as investors increasingly recoil from startups considered susceptible to the toxic shocks of this year's credit markets. New hedge funds are opening at the slowest pace since 2003 with almost all of the USD164 billion of new investments going to managers with proven records, data compiled by Chicago-based Hedge Fund Research Inc show.
More than 635,000 properties entered foreclosure during the third quarter, according to RealtyTrac, an online marketplace for foreclosure properties, which released statistics last week.
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Yield Curve Corner
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Natural Disaster Corner
Climate Prediction http://www.nws.noaa.gov/predictions.php
World Meterological Organization http://severe.worldweather.org/
Tornadoes: http://www.disastercenter.com/tornado.htm
Great Sat Pictures of events: http://www.osei.noaa.gov/Events/Current/DSTchina309_MO.jpg
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Iranian Situation
Nuclear Meltdown
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Interpol To Consider Iran Demand To Drop Arrest Warrants -AFP
Nasdaq Mon, 05 Nov 2007 12:09 PM PST
MARRAKECH (AFP)--Interpol will Wednesday examine a request by Iran to drop arrest warrants against five of its nationals linked to the 1994 bombing of a Jewish center in Argentina, an Iranian delegate at the global police body's annual conference said Monday.
Nasdaq Mon, 05 Nov 2007 12:09 PM PST
MARRAKECH (AFP)--Interpol will Wednesday examine a request by Iran to drop arrest warrants against five of its nationals linked to the 1994 bombing of a Jewish center in Argentina, an Iranian delegate at the global police body's annual conference said Monday.
DEBKAfile Reports: Iranian-Syrian nuclear issues heat up amid growing mistrust of IAEA director in Washington, Paris and Jerusalem
IRAN, IRAQ: Iran has devised a plan to restore stability in Iraq that includes the possibility of expelling various private security firms and integrating militias into the security forces, Press TV reported, citing an Iranian Foreign Ministry spokesman. Iranian diplomats proposed the plan at a conference on Iraqi security held in Turkey over the weekend, the spokesman said. Also proposed was a two-year suspension of efforts to find solutions to such issues as oil sharing and the status of the multiethnic city of Kirkuk. The plan also calls for amnesty for prisoners detained for "acting against the government" and the opening of embassies by Iraq's neighbors.
World Bank Vows a Big Loan to Iran
$900 Million for Mullahs, as Zoellick Snubs Inquiry
BY ELI LAKE - Staff Reporter of the Sun
WASHINGTON — The World Bank is defying requests from an influential congressman to stall nearly $900 million in loans to Iran. Earlier this year, the president of the World Bank, Robert Zoellick, who before taking that office served in a top Bush...
$900 Million for Mullahs, as Zoellick Snubs Inquiry
BY ELI LAKE - Staff Reporter of the Sun
WASHINGTON — The World Bank is defying requests from an influential congressman to stall nearly $900 million in loans to Iran. Earlier this year, the president of the World Bank, Robert Zoellick, who before taking that office served in a top Bush...
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Opalesque’s Corner
- Opalesque Exclusive: New York firm launches multi-strategy fund focused on Latin America
- Tiger cub launches Global Macro hedge fund, BNY Mellon to launch 130/30 global fund, Brummer unveils 130/30 fund in institutional bid, Olney launches absolute return MF, to launch several HFs next year, $850M Vietnam-focused HF seeks additional $200 mil, California-based Compak opens CTA
- Opalesque Exclusive: Exploring the FoHFs universe (part 5) - investing in Asian FoFs: betting on Asia` strength requires people on the ground and strict DD
- Report: private banks recommend more cautious strategies, fewer alternatives, Barron`s Big Money Poll: The bull is down but not out, many expect the Dow Jones industrial to reach 15,000 next year, remain cautious, Research: Colleges that put more into `alternative` assets reaped bigger profits
- Fewer HF start-ups, capital goes to established managers such as Renaissance, RegentAtlantic advocates large overseas exposure and alternative investments
- Quantum Market Research seeking nominations for 2008 Best HF to work for Award
- CISDM hedge fund, FoFs and CTA indices for September
- Many new ideas yet to be exploited: new ETFs in health, commodities and alternative asset classes, ETF market takes off in Europe, use of ETFs by hedge funds increased 36%, ETCs on the rise in commodities bull market
- The gold bull market has not started yet, Carbon trading is crowded market
- Pensions: Institutional investors, CalPERS, cynical about cloning, Pioneering alternatives strategy tipped to benefit pension schemes, European pension fund seeks debt manager, AP 7 awards e800m in Japan and Asian equities into pure alpha strategy, Danish pension fund PKA ponders yet more alternatives
- Alexander von Mühlen joins International Asset Management
- Merrill not aware of `inappropriate transactions`, O`Neal tripled trading risk at Merrill Lynch, BlackRock looks solid in two-deal battle with ML, Credit Suisse earnings release may point to next big problem in credit market: commercial mortgages, Citigroup`s Prince steps down, Rubin named chairman, Pandit at Citi`s rescue: new management structure, Heads falling in Wall Street, who`s next? JPMogan still strong
- Subprime crisis increases difficulty of valuing assets, Credit turmoil still far from over, assessing the damage, Independent voice of reason for hedge funds: independent administrators are key, Weaker property prices fuel derivatives, Foreclosure and eviction wave sweeps America, Subprime contagion may affect 10-Year Treasuries next, fund managers no longer buys them
- Update on Bear: Investors continue battle to access documents for litigation as directors wind up fund, US judge refuses BofA`s request to deprive Bear hedge funds of payments
- Borse Dubai to complete Nasdaq deal in early 2008, McKinsey report: Why ASEAN`s stock markets must work together
- U.K. listed funds expected to grow in size, number, Research: UK and French companies most likely target for HF activism in Europe, European SRI mutual fund assets jump 43% to EUR 49bln, still lagging U.S. ($200bln)
- Hedge funds and private equity `have positive impact` on Dutch economy
- Visit of Chairman of the UK FSA to the DFSA, regulators willing to cooperate, Institutional investors `good for Gulf markets`, reduce high degree of volatility
- Japan: HF activity should be promoted as long as transparency is ensured
- Asian sovereign wealth funds likely to buy asset management stakes, The new financial heavyweights
- IMF chief cautions India: curbing capital inflows could undermine economy, Sebi: Major pension funds, foundations are already registered as FIIs, HFs to be treated on a case-to-case basis
- Activist News: Laxey launches bid for Swiss group, Facebook: HF stake rumour is false, Sisu HF tries again to get stake of UK Football Club, Sinotrans Shipping may raise $1.5 billion in IPO
- Artist spends six months documenting the mysterious lives of hedgies
- News Briefs: Federal Reserve Board approves final Basel II rules, Hedge funds say tax measure would discourage investment, PwC names new head of alternative investments practice, Report from last week`s Meet Canadian Hedge Fund Managers Forum, 3rd Annual Alpha Generation Forum, December 3-4, NYC, Northern Rock denies GBP14 bln was withdrawn
- And Finally. Airline asks passengers for restraint in Airbus A380`s double beds
- Logon: http://www.opalesque.com/main.php?act=archive
- Tiger cub launches Global Macro hedge fund, BNY Mellon to launch 130/30 global fund, Brummer unveils 130/30 fund in institutional bid, Olney launches absolute return MF, to launch several HFs next year, $850M Vietnam-focused HF seeks additional $200 mil, California-based Compak opens CTA
- Opalesque Exclusive: Exploring the FoHFs universe (part 5) - investing in Asian FoFs: betting on Asia` strength requires people on the ground and strict DD
- Report: private banks recommend more cautious strategies, fewer alternatives, Barron`s Big Money Poll: The bull is down but not out, many expect the Dow Jones industrial to reach 15,000 next year, remain cautious, Research: Colleges that put more into `alternative` assets reaped bigger profits
- Fewer HF start-ups, capital goes to established managers such as Renaissance, RegentAtlantic advocates large overseas exposure and alternative investments
- Quantum Market Research seeking nominations for 2008 Best HF to work for Award
- CISDM hedge fund, FoFs and CTA indices for September
- Many new ideas yet to be exploited: new ETFs in health, commodities and alternative asset classes, ETF market takes off in Europe, use of ETFs by hedge funds increased 36%, ETCs on the rise in commodities bull market
- The gold bull market has not started yet, Carbon trading is crowded market
- Pensions: Institutional investors, CalPERS, cynical about cloning, Pioneering alternatives strategy tipped to benefit pension schemes, European pension fund seeks debt manager, AP 7 awards e800m in Japan and Asian equities into pure alpha strategy, Danish pension fund PKA ponders yet more alternatives
- Alexander von Mühlen joins International Asset Management
- Merrill not aware of `inappropriate transactions`, O`Neal tripled trading risk at Merrill Lynch, BlackRock looks solid in two-deal battle with ML, Credit Suisse earnings release may point to next big problem in credit market: commercial mortgages, Citigroup`s Prince steps down, Rubin named chairman, Pandit at Citi`s rescue: new management structure, Heads falling in Wall Street, who`s next? JPMogan still strong
- Subprime crisis increases difficulty of valuing assets, Credit turmoil still far from over, assessing the damage, Independent voice of reason for hedge funds: independent administrators are key, Weaker property prices fuel derivatives, Foreclosure and eviction wave sweeps America, Subprime contagion may affect 10-Year Treasuries next, fund managers no longer buys them
- Update on Bear: Investors continue battle to access documents for litigation as directors wind up fund, US judge refuses BofA`s request to deprive Bear hedge funds of payments
- Borse Dubai to complete Nasdaq deal in early 2008, McKinsey report: Why ASEAN`s stock markets must work together
- U.K. listed funds expected to grow in size, number, Research: UK and French companies most likely target for HF activism in Europe, European SRI mutual fund assets jump 43% to EUR 49bln, still lagging U.S. ($200bln)
- Hedge funds and private equity `have positive impact` on Dutch economy
- Visit of Chairman of the UK FSA to the DFSA, regulators willing to cooperate, Institutional investors `good for Gulf markets`, reduce high degree of volatility
- Japan: HF activity should be promoted as long as transparency is ensured
- Asian sovereign wealth funds likely to buy asset management stakes, The new financial heavyweights
- IMF chief cautions India: curbing capital inflows could undermine economy, Sebi: Major pension funds, foundations are already registered as FIIs, HFs to be treated on a case-to-case basis
- Activist News: Laxey launches bid for Swiss group, Facebook: HF stake rumour is false, Sisu HF tries again to get stake of UK Football Club, Sinotrans Shipping may raise $1.5 billion in IPO
- Artist spends six months documenting the mysterious lives of hedgies
- News Briefs: Federal Reserve Board approves final Basel II rules, Hedge funds say tax measure would discourage investment, PwC names new head of alternative investments practice, Report from last week`s Meet Canadian Hedge Fund Managers Forum, 3rd Annual Alpha Generation Forum, December 3-4, NYC, Northern Rock denies GBP14 bln was withdrawn
- And Finally. Airline asks passengers for restraint in Airbus A380`s double beds
- Logon: http://www.opalesque.com/main.php?act=archive
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Misc. Items of Interest
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Funnies, Facts, Quotes, etc….
woolgathering WOOL-gath-(uh)-ring, noun:
Indulgence in idle daydreaming.
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Conference, Courses, Books, Papers
Great Research Sites:
Merrill Lynch research Link to full report including important disclosures see example
John Mauldin’s Weekly Analysis
James Altucher’s Website:
Other useful sites:
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Index Corner
The CSFB/Tremont Hedge Fund Index www.hedgeindex.com.
The Cogent Dynamic Averages http://www.cogenthedge.com/home/inv_strategy.asphttp://www.cogenthedge.com/home/inv_strategy.asp
The Dow Jones Indices: http://www.djhedgefundindexes.com/index.cfm?event=viewPremiumContent (free registration)
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Regulatory Info
investor.info@sfc.hkhttp://www.sfc.hk/sfc/html/EN/inutilbar/contact/contact.htmlhttp://www.sfc.hk/sfc/html/EN/inutilbar/contact/contact.htmlhttp://www.sfc.hk/sfc/html/EN/inutilbar/contact/contact.html
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Disclaimer
The information contained in this document does not constitute an offer or solicitation to sell any security or other type of vehicles to or by anyone in any jurisdictions, nor should it be regarded as a contractual document. Under no circumstances should the information provided on this document be considered as financial advice, or as a sufficient basis on which to make investment decisions. The information contained herein has been gathered by Investor DNA, LLC from sources deemed reliable as of the date of publication, but no warranty of accuracy or completeness is given. Investor DNA, LLC is not responsible for and provides no guarantee with respect to any of the information provided herein or through the use of any hypertext link. Past results are no indication of future performance. All information in this newsletter is for educational and informational purposes and does not constitute investment, legal, tax or accounting advice. All materials are the property of the
respective publishers, as referenced by header and appropriate hypertext links.
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