Archive: 01/03/2008
Main News
Wed, 02 Jan 2008, 06:31
RiskCenter
With all of the attention the troubled US housing market has garnered, it seems that an equally important market has been ignored more and more. And the market at hand is the hedge fund sector, that many experts close to the industry insist is changing at an extremely rapid pace.
RiskCenter
With all of the attention the troubled US housing market has garnered, it seems that an equally important market has been ignored more and more. And the market at hand is the hedge fund sector, that many experts close to the industry insist is changing at an extremely rapid pace.
The housing crisis of 2007 is the source of the top three picks by turnaround professionals predicting the most distressed industries in 2008.
Ritchie Capital defends hedge fund, warns investors legal action could 'damage value'
Chicago Tribune Wed, 02 Jan 2008 9:54 AM PST
A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group's legal action could "cause further damage to the value of your investment."
Chicago Tribune Wed, 02 Jan 2008 9:54 AM PST
A week after some investors tried forcing it into bankruptcy, Lisle-based Ritchie Capital defended management of its multi-strategy hedge fund and warned other investors that the group's legal action could "cause further damage to the value of your investment."
Drake limits hedge fund cash requests
Financial Times Wed, 02 Jan 2008 1:51 PM PST
Drake Management has limited withdrawals from its flagship hedge fund after investors in the high-flying New York-run fund – one of the best performing in 2005 – tried to pull out almost $1bn at the start of this week.
Financial Times Wed, 02 Jan 2008 1:51 PM PST
Drake Management has limited withdrawals from its flagship hedge fund after investors in the high-flying New York-run fund – one of the best performing in 2005 – tried to pull out almost $1bn at the start of this week.
Ghosts of Subprime Past May Continue to Haunt
New York Times Blogs - New York,NY,USA
After the write-down, JPMorgan would still have $5 billion in CDO exposure. Meanwhile, Merrill Lynch, which is expected to face write-downs of almost $12 ...
See all stories on this topic
New York Times Blogs - New York,NY,USA
After the write-down, JPMorgan would still have $5 billion in CDO exposure. Meanwhile, Merrill Lynch, which is expected to face write-downs of almost $12 ...
See all stories on this topic
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Replicators mimic the high-risk portfolios at a fraction of the cost—but ... So far replicators haven't posted the same gains of their bigger brethren. ... www.businessweek.com/magazine/content/07_53/b4065076296190.htm - 43k - |
Losers of 2007, Kerkorian's Deal, Nasdaq's Taiwan Link: Timshel
Bloomberg - USA
2 (Bloomberg) -- There's no better way to understand the fallout from the US subprime-mortgage market's collapse than to review last year's worst-performing ...
See all stories on this topic
Bloomberg - USA
2 (Bloomberg) -- There's no better way to understand the fallout from the US subprime-mortgage market's collapse than to review last year's worst-performing ...
See all stories on this topic
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Yield Curve Corner
Stand Down, Bernanke and Paulson
Motley Fool - USA
One of the few rays of guiding light we've seen lately has come from Federal Reserve Chairman Ben Bernanke and Treasury Secretary (and former Goldman Sachs ...
Motley Fool - USA
One of the few rays of guiding light we've seen lately has come from Federal Reserve Chairman Ben Bernanke and Treasury Secretary (and former Goldman Sachs ...
Crude Oil = $100
Seeking Alpha - New York,NY,USA
If I may, I'd like to thank the people who made this possible: -Fed Chair Bernanke, for not deviating too far from Greenie's policies. ...
Seeking Alpha - New York,NY,USA
If I may, I'd like to thank the people who made this possible: -Fed Chair Bernanke, for not deviating too far from Greenie's policies. ...
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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/VSHllaima002_G12.jpg
Orange Juice Jumps as Florida Braces for Freeze
FOX News - USA
While raw orange juice prices are a long way from the record highs set in 2006 after Hurricane Katrina passed through Florida, retail orange juice prices ...
See all stories on this topic
FOX News - USA
While raw orange juice prices are a long way from the record highs set in 2006 after Hurricane Katrina passed through Florida, retail orange juice prices ...
See all stories on this topic
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Iranian Situation and Other Man Made Disasters
Iran hangs 13 on single day: reports
AFP via Yahoo! News Wed, 02 Jan 2008 9:21 AM PST
Iran hanged 13 convicted criminals on Wednesday, including the mother of two young children who had been found guilty of murdering her husband after discovering he was having an affair, reports said.
AFP via Yahoo! News Wed, 02 Jan 2008 9:21 AM PST
Iran hanged 13 convicted criminals on Wednesday, including the mother of two young children who had been found guilty of murdering her husband after discovering he was having an affair, reports said.
Iran makes arrest over Putin assassination rumour: report
AFP via Yahoo! News Wed, 02 Jan 2008 1:33 AM PST
Iran has arrested a man for starting a rumour that Russian President Vladimir Putin risked being assassinated during a landmark visit to Tehran in October, newspapers reported on Wednesday.
AFP via Yahoo! News Wed, 02 Jan 2008 1:33 AM PST
Iran has arrested a man for starting a rumour that Russian President Vladimir Putin risked being assassinated during a landmark visit to Tehran in October, newspapers reported on Wednesday.
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Opalesque’s Corner
- Hedge funds weather a stormy year to come out on top again, WSJ lists biggest/worst/best hedge funds (as of November), Top performing China funds says no window dressing
- 8 predictions for the hedge fund industry, The Asian Hedge Fund Industry: Top Ten 2008 Forecasts
- New launches: Opalesque Exclusive: New hedge fund focuses on asset backed lending and life insurance, Magnum launches China FoF, Funds (Blackrock, Permal) eye Africa and Mideast in $1bln push
- Drake management curtails withdrawals from largest hedge fund
- Valuation specialist publishes FAS 157 Guidance for hedge fund managers
- People: AbCap finance director resigns
- Equity volatility here to stay in 2008, Real, Rand, Turkish Lira rallies seen at risk as yields fall, Commodity indexes up 30%, seen strong this year too, Slowing global economy to impact commodities, Agri boom could last 20 years
- Second benign year of gains for reinsurers, Disaster losses for insurers double to $30bln
- Economist survey: Are emerging economies the next global bubble? How does the credit squeeze change the job of central banks?
- Morningstar`s Deutsch: 130/30 not monolithic but does represent `convergence` in money management
- Wild stock market makes a mess of young ETF business, shatters hopes of start-ups: 110 of 260 new funds in red, many remain small, industry still upbeat to launch first actively managed ETF in 08, Growth of ETFs, separates outguns that of mutual funds
- Blackstone fails to obtained finance, PHH ends proposed merger, Analyis: Gloom for wider market
- Turnaround experts insist housing crisis will last through 2008, entire spectrum of securitized lending products likely to be infected, After the SIV mess, are munis next? Stracke warns, Already time for bottom fishing in financials?
- $213bln Kuwait Investment Authority eyes US subprime bargains, Background: Bader Al-Sa`ad, head of Kuwait Investment Authority, Statistics, background on major sovereign wealth funds in Asia and the Gulf, Merrill seen in talks for bigger boost to capital
- Buffett to start bond insurer, Existing home sales edge up from record low, Banks bail out more money funds, Dwindling dollar may be next US security threat
- Next hot idea for investors: Keep it simple, structured products issuance falls, Property investors shun derivatives
- Legal: Utah Securities Division looking for hedge fund that `disappeared` in Malta, Seth & Filomena no match made in heaven
- Exchanges: Wall Street rival to test Chicago`s futures dominance, Emerging CME rival shaping up, Taiwan bourse plans IPO, seeks foreign investors
- Water-starved China begins work on massive water diversion project
- London Scottish shares plunge, `Not a Northern Rock situation`, expects to agree FSA plan
- Opalesque India Special: India 2007 Market Review and Forecast: SENSEX up 47% in 6th consecutive year of gains (up 622%), foreign investors more than double 2006 inflows, Indian deregulation to drive commodities in 2008, US studios get taste for Bollywood as industry moves from `murky financing` to corporate model
- Activist News: Atticus reports 7.8 percent Freeport McMoRan stake
- News Briefs: Maxjet failure hurts Cheyne, Citadel funds, Berkshire to buy ING unit for $441m, Buffett: Credit crunch creates buy opportunities, got approached by struggling finance firms, Mark Mobius says hedge funds to target Pakistan
- ...And finally: Bank robber, asking for `large bills and no `funny money``, did not notice uniformed cop right behind him in lane
- Logon: http://www.opalesque.com/main.php?act=archive
- 8 predictions for the hedge fund industry, The Asian Hedge Fund Industry: Top Ten 2008 Forecasts
- New launches: Opalesque Exclusive: New hedge fund focuses on asset backed lending and life insurance, Magnum launches China FoF, Funds (Blackrock, Permal) eye Africa and Mideast in $1bln push
- Drake management curtails withdrawals from largest hedge fund
- Valuation specialist publishes FAS 157 Guidance for hedge fund managers
- People: AbCap finance director resigns
- Equity volatility here to stay in 2008, Real, Rand, Turkish Lira rallies seen at risk as yields fall, Commodity indexes up 30%, seen strong this year too, Slowing global economy to impact commodities, Agri boom could last 20 years
- Second benign year of gains for reinsurers, Disaster losses for insurers double to $30bln
- Economist survey: Are emerging economies the next global bubble? How does the credit squeeze change the job of central banks?
- Morningstar`s Deutsch: 130/30 not monolithic but does represent `convergence` in money management
- Wild stock market makes a mess of young ETF business, shatters hopes of start-ups: 110 of 260 new funds in red, many remain small, industry still upbeat to launch first actively managed ETF in 08, Growth of ETFs, separates outguns that of mutual funds
- Blackstone fails to obtained finance, PHH ends proposed merger, Analyis: Gloom for wider market
- Turnaround experts insist housing crisis will last through 2008, entire spectrum of securitized lending products likely to be infected, After the SIV mess, are munis next? Stracke warns, Already time for bottom fishing in financials?
- $213bln Kuwait Investment Authority eyes US subprime bargains, Background: Bader Al-Sa`ad, head of Kuwait Investment Authority, Statistics, background on major sovereign wealth funds in Asia and the Gulf, Merrill seen in talks for bigger boost to capital
- Buffett to start bond insurer, Existing home sales edge up from record low, Banks bail out more money funds, Dwindling dollar may be next US security threat
- Next hot idea for investors: Keep it simple, structured products issuance falls, Property investors shun derivatives
- Legal: Utah Securities Division looking for hedge fund that `disappeared` in Malta, Seth & Filomena no match made in heaven
- Exchanges: Wall Street rival to test Chicago`s futures dominance, Emerging CME rival shaping up, Taiwan bourse plans IPO, seeks foreign investors
- Water-starved China begins work on massive water diversion project
- London Scottish shares plunge, `Not a Northern Rock situation`, expects to agree FSA plan
- Opalesque India Special: India 2007 Market Review and Forecast: SENSEX up 47% in 6th consecutive year of gains (up 622%), foreign investors more than double 2006 inflows, Indian deregulation to drive commodities in 2008, US studios get taste for Bollywood as industry moves from `murky financing` to corporate model
- Activist News: Atticus reports 7.8 percent Freeport McMoRan stake
- News Briefs: Maxjet failure hurts Cheyne, Citadel funds, Berkshire to buy ING unit for $441m, Buffett: Credit crunch creates buy opportunities, got approached by struggling finance firms, Mark Mobius says hedge funds to target Pakistan
- ...And finally: Bank robber, asking for `large bills and no `funny money``, did not notice uniformed cop right behind him in lane
- Logon: http://www.opalesque.com/main.php?act=archive
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Misc. Items of Interest
Barry Diller's Grand Acquisitor | by Chuck Salter
Shana Fisher pursues new Web markets for the Internet
mogul who has (almost) everything. Her latest
acquisition: a small outfit that could change video
games in a big way.
http://trax.fastcompany.com/k/w/mailman/fasttake/20080102/grandacq
Shana Fisher pursues new Web markets for the Internet
mogul who has (almost) everything. Her latest
acquisition: a small outfit that could change video
games in a big way.
http://trax.fastcompany.com/k/w/mailman/fasttake/20080102/grandacq
Slideshow: 2007 Review of Business Innovation, Digital Media, and Trends | by Kevin Ohannessian
We review the technology, innovation and business
trends of 2007 with this roundup of blog entries
written by Fast Company magazine editors,
FastCompany.com staff, and members of our expert blog.
http://trax.fastcompany.com/k/w/mailman/fasttake/20080102/bestblogs07
We review the technology, innovation and business
trends of 2007 with this roundup of blog entries
written by Fast Company magazine editors,
FastCompany.com staff, and members of our expert blog.
http://trax.fastcompany.com/k/w/mailman/fasttake/20080102/bestblogs07
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Funnies, Facts, Quotes, etc….
faineant ay-nay-AWN, adjective:
1. Doing nothing or given to doing nothing; idle; lazy.
2. A do-nothing; an idle fellow; a sluggard.
2. A do-nothing; an idle fellow; a sluggard.
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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
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