Archive: 01/15/2008
Main News
Painful effects of a powerful force
Financial Times - London,England,UK
It also helps to answer a conundrum about why regulators and policymakers have been so sanguine about leverage in the hedge fund industry. ...
Financial Times - London,England,UK
It also helps to answer a conundrum about why regulators and policymakers have been so sanguine about leverage in the hedge fund industry. ...
Consensus Economist Estimates Don't Suggest a Recession <http://seekingalpha.com/article/59998-consensus-economist-estimates-don-t-suggest-a-recession?source=i_email>
Sour CDOs Batter M&T Earnings
TheStreet.com - USA
Already depressed in value since the summer, CDO prices have further plummeted in recent weeks, forcing M&T to take a $127 million charge in the fourth ...
TheStreet.com - USA
Already depressed in value since the summer, CDO prices have further plummeted in recent weeks, forcing M&T to take a $127 million charge in the fourth ...
Former Hedge Fund Gas Trader Disputes Report on High Prices
Washington Post Mon, 14 Jan 2008 3:40 AM PST
A former natural gas trader for a hedge fund facing congressional scrutiny yesterday disputed the findings of Senate investigators who blamed high natural gas prices last winter on the company's speculative bets.
Washington Post Mon, 14 Jan 2008 3:40 AM PST
A former natural gas trader for a hedge fund facing congressional scrutiny yesterday disputed the findings of Senate investigators who blamed high natural gas prices last winter on the company's speculative bets.
Global Issuers
U.S. Weekly Financial Notes: We're Here For You
Financial markets moved sharply Thursday after Federal Reserve Chairman Bernanke spoke in front of a joint conference of Women in Banking and Finance and the Exchequer Society in Washington. The speech seemed unusually clear, indicating that the Fed was putting inflation fears on the back burner and concentrating on the sharper-than-expected deterioration in the U.S. economy. The speech shifted market expectations toward a 50-basis point cut, to 3.75%, at the Jan. 29-30, meeting of the Federal Open Market Committee.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQATTUQTVsLgHxhilpuHQJhuV2VU
U.S. Weekly Financial Notes: We're Here For You
Financial markets moved sharply Thursday after Federal Reserve Chairman Bernanke spoke in front of a joint conference of Women in Banking and Finance and the Exchequer Society in Washington. The speech seemed unusually clear, indicating that the Fed was putting inflation fears on the back burner and concentrating on the sharper-than-expected deterioration in the U.S. economy. The speech shifted market expectations toward a 50-basis point cut, to 3.75%, at the Jan. 29-30, meeting of the Federal Open Market Committee.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQATTUQTVsLgHxhilpuHQJhuV2VU
by Richard Kang
Top Ten Technology Surprises for 2008
Telecoms, alternative energy and Google could see good news this year.
http://online.barrons.com/article/SB120027707903187605.html?mod=djemBF
Telecoms, alternative energy and Google could see good news this year.
http://online.barrons.com/article/SB120027707903187605.html?mod=djemBF
Core gains momentum in State of Connecticut
http://www.ipe.com/realestate/Core_gains_momentum_in_State_of_Connecticut_26699.php
http://www.ipe.com/realestate/Core_gains_momentum_in_State_of_Connecticut_26699.php
|
Goldman Bet on Subprime Mortgage Drop for Most of '07 (Update1) ... and analysts in the prior quarter that it profited by betting the market would decline. ... www.bloomberg.com/apps/news?pid=20601087&sid=aAAlPtv6kkHM&refer=home - 7 hours ago - Similar pages |
GENEVA (HedgeWorld.com)—It was a traumatic year for a number of hedge funds, with the heaviest losses attributable to the subprime issues seen throughout the year and somewhat related liquidity squeezes that occurred in August and in November. ......
Hedge fund sells 1 pct of Rosneft stock - paper
Source: Reuters UK
Citigroup (C.N: Quote, Profile, Research) sold 110 million shares or around 1 percent of charter capital of Russia's biggest oil firm Rosneft (ROSN.MM: Quote, Profile, Research) on behalf of a hedge fund raising $1 billion, a business daily reported on Monday. More... <http://www.hedgefund-index.com/newstoday.asp>
Source: Reuters UK
Citigroup (C.N: Quote, Profile, Research) sold 110 million shares or around 1 percent of charter capital of Russia's biggest oil firm Rosneft (ROSN.MM: Quote, Profile, Research) on behalf of a hedge fund raising $1 billion, a business daily reported on Monday. More... <http://www.hedgefund-index.com/newstoday.asp>
NEW ZEALAND - The national Superannuation Fund experienced its worst monthly performance of the fiscal year in November 2007, with a negative -3.52% return.
China: Inflation, Electricity and Guangdong's Foreign Capital Hopes
January 14, 2008 1530 GMT
The vice governor of China's southern province of Guangdong, Xie Qianghua, announced that Guangdong might divert profits away from its state owned power grid company to subsidize household and industrial electricity users.
http://www.stratfor.com/analysis/china_inflation_electricity_and_guangdongs_foreign_capital_hopes
January 14, 2008 1530 GMT
The vice governor of China's southern province of Guangdong, Xie Qianghua, announced that Guangdong might divert profits away from its state owned power grid company to subsidize household and industrial electricity users.
http://www.stratfor.com/analysis/china_inflation_electricity_and_guangdongs_foreign_capital_hopes
Hedge $ictionary: The Secret Language of Money
New York Magazine - Monday January 14, 07:47 GMT
New York Magazine - Monday January 14, 07:47 GMT
_________________________________________________________________________
Yield Curve Corner
Bernanke Backs Some Stimulus, Democratic Aide Says (Update1)
Bloomberg - USA
14 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke told US House Speaker Nancy Pelosi during a private meeting today that he agrees some economic ...
Bloomberg - USA
14 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke told US House Speaker Nancy Pelosi during a private meeting today that he agrees some economic ...
_________________________________________________________________________
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/FSHSaustralia014_MO.jpg
UK - RAILPEN and the Universities Superannuation Scheme (USS) have united to examine how businesses have adapted to existing climate change and the resulting implications to investors.
The chronology of January 2008 past, present and future, was already outline weeks ago, and the cold-warm-cold-warm swings across the Nation are materializing on cue.
_________________________________________________________________________
Iranian Situation and Other Man Made Disasters
Oil rises on U.S.-Iran tensions
Reuters via Yahoo! News Mon, 14 Jan 2008 12:17 PM PST
Oil rose more than $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.
Reuters via Yahoo! News Mon, 14 Jan 2008 12:17 PM PST
Oil rose more than $1 on Monday as the dollar slipped and tensions between the United States and Iran stoked supply concerns.
Bush courts Saudi allies after warning Iran
AFP via Yahoo! News Mon, 14 Jan 2008 9:47 AM PST
US President George W. Bush began a visit to close ally Saudi Arabia on Monday to rally support from the regional economic and political powerhouse for his campaign to isolate archfoe Iran.
AFP via Yahoo! News Mon, 14 Jan 2008 9:47 AM PST
US President George W. Bush began a visit to close ally Saudi Arabia on Monday to rally support from the regional economic and political powerhouse for his campaign to isolate archfoe Iran.
Angry Iran warns Turkmenistan on gas
AFP via Yahoo! News Mon, 14 Jan 2008 4:52 AM PST
Iran angrily warned Turkmenistan to restore gas exports, amid criticism from MPs that the Iranian government was not doing enough to help people cut off from gas supplies in a severe winter, the press reported on Monday.
AFP via Yahoo! News Mon, 14 Jan 2008 4:52 AM PST
Iran angrily warned Turkmenistan to restore gas exports, amid criticism from MPs that the Iranian government was not doing enough to help people cut off from gas supplies in a severe winter, the press reported on Monday.
_________________________________________________________________________
Opalesque’s Corner
- Opalesque Exclusive: Malaysia/Indonesia focused fund returns 27.19% in 2007
- Family offices support new Geneva boutique focusing on `New Alternatives`
- M&A: Execs to buy 49% of Deephaven hedge fund from Knight Capital Group
- Update: Background on Asset Alliance - Tailwind SPAC/IPO deal
- Update: FRM hedge fund start-up fund faces flood of distressed debt candidates
- New Launches: French convertible bond shop launches Convertibles Alpha fund, Haar Capital offers agriculture program
- Performance: Renaissance makes first loss in 20 years, Julian Robertson`s Tiger Cubs beat hedge-fund rivals in 2007, AIS Futures`s 2007 performance strong in all strategies, Cohen's hedge fund outperforms by 23%, Barclay hedge fund index gains 10.40% in 2007, emerging markets up 23.63%
- How a hedge fund contributed to billions in losses on Wall Street whilst profiting from subprime crisis
- Finansa`s spin-off 3 Degrees Asset Management to become independent
- Hedge funds with $21.8bln inflows in November
- Interview with Phalanx hedge fund`s manager: Still a rising sun for some Japanese hedge funds
- High-flying New Star executive is demoted as his fund is axed, remaining GBP35m to be rolled over into New Star`s UK Alpha fund
- People: SAC President Brian Cohn leaving firm after 11 years, Hedge fund SAC to lose two top executives, Infiniti Capital appoints Ian Shearer as Chief Executive Officer for the Infiniti Group, Permal adds two for U.S. institutional business, Dresdner lets two top algorithmic traders go
- Prime Brokerage Special: Prime brokerage now starting to show signs of maturity, Small fry make a splash with `mini prime broker` niche operations, New trends in prime brokerage, Chinese Wall issue, Multiple PB relationships: Monogamy not on agenda
- Commodity shipping costs drop most since 1989 on slowing growth, shipping hedge fund warns on possible recession
- Commodities: S&P GS Commodities Index up 33% in 2007, AIS`s 2007 performance strong in all strategies, grains most important contributor, Peak oil may be a reality but it cannot hold back price fluctuations, Interview with one of the world`s foremost authorities on peak oil, Silver rises to highest since 1980, Platinum climbs to a record, Barcap says commodities set to draw more investors in 2008
- Kuwait set to invest as Merrill seeks $4bln, $15bln write-down seen for Merrill, SEC investigates Merrill trading, in search of `front-running`, Pre-deal trades trigger regulator`s bank probe, Citi looks to secure further $14bln in new capital, UBS warns of `difficult year` ahead
- Sovereign Wealth Funds: U.S. probes sovereign wealth funds, Who`s afraid of Mideast money? Global finance changes, interview with Bader M. Al Sa`ad
- Countrywide Update: BofA agrees to buy troubled Countrywide for $4bln, Deal has risks and potential, Similar deals expected to follow Countrywide sale
- 130/30 fan base grows as investors cut managers free, unconstrain managers, U.S. 130/30 market to reach $500bl in 2010 according to Merrill Lynch survey
- Christian fund leads faith-based U.S. investors with 17% return as sector grows to $17bln
- Legal: Update: Jury convicts ex-pastor for luring investors to illegal hedge fund
- Environmental Trading News: Europe leads on climate change
- Exchanges: New derivatives exchange seeks more shareholders, hopes Citadel will provide backing, Futures go online, OptionsXpress to capitalize on experience
- Northern Rock Update: FT Comment: Distractions around Northern did not alter facts as lender is locked in negative interest spreads, Northern Rock reports pension deficit
- Gulf bond issuance could double to $50bln next year as sukuk boom, Barclays Capital set to launch sharia-compliant prime brokerage platform
- Asia-focused hedge funds say aloha to Hawaii, CAIA chapter next?
- China 2007 trade rose by nearly 50% to a record $262bln but import growth exceeded export growth, suggesting controversial trade imbalance may be peaking
- Activist News: Ramius wins Schulman proxy fight, UK football club may be taken over by Shamrock HF, SRM Global discloses 8% Virgin Media stake
- News Briefs: JPMorgan confirms Blair appointment, Investcorp acquires prestigious New York building in Midtown Manhattan, European institutions pay more for capital than their clients, IMF forecasts growth for Bahamas economy
- And Finally... Barclays boss loses cash after conman gets card, Know your hedge-fund lingo: A few definitions
- Logon: http://www.opalesque.com/main.php?act=archive
- Family offices support new Geneva boutique focusing on `New Alternatives`
- M&A: Execs to buy 49% of Deephaven hedge fund from Knight Capital Group
- Update: Background on Asset Alliance - Tailwind SPAC/IPO deal
- Update: FRM hedge fund start-up fund faces flood of distressed debt candidates
- New Launches: French convertible bond shop launches Convertibles Alpha fund, Haar Capital offers agriculture program
- Performance: Renaissance makes first loss in 20 years, Julian Robertson`s Tiger Cubs beat hedge-fund rivals in 2007, AIS Futures`s 2007 performance strong in all strategies, Cohen's hedge fund outperforms by 23%, Barclay hedge fund index gains 10.40% in 2007, emerging markets up 23.63%
- How a hedge fund contributed to billions in losses on Wall Street whilst profiting from subprime crisis
- Finansa`s spin-off 3 Degrees Asset Management to become independent
- Hedge funds with $21.8bln inflows in November
- Interview with Phalanx hedge fund`s manager: Still a rising sun for some Japanese hedge funds
- High-flying New Star executive is demoted as his fund is axed, remaining GBP35m to be rolled over into New Star`s UK Alpha fund
- People: SAC President Brian Cohn leaving firm after 11 years, Hedge fund SAC to lose two top executives, Infiniti Capital appoints Ian Shearer as Chief Executive Officer for the Infiniti Group, Permal adds two for U.S. institutional business, Dresdner lets two top algorithmic traders go
- Prime Brokerage Special: Prime brokerage now starting to show signs of maturity, Small fry make a splash with `mini prime broker` niche operations, New trends in prime brokerage, Chinese Wall issue, Multiple PB relationships: Monogamy not on agenda
- Commodity shipping costs drop most since 1989 on slowing growth, shipping hedge fund warns on possible recession
- Commodities: S&P GS Commodities Index up 33% in 2007, AIS`s 2007 performance strong in all strategies, grains most important contributor, Peak oil may be a reality but it cannot hold back price fluctuations, Interview with one of the world`s foremost authorities on peak oil, Silver rises to highest since 1980, Platinum climbs to a record, Barcap says commodities set to draw more investors in 2008
- Kuwait set to invest as Merrill seeks $4bln, $15bln write-down seen for Merrill, SEC investigates Merrill trading, in search of `front-running`, Pre-deal trades trigger regulator`s bank probe, Citi looks to secure further $14bln in new capital, UBS warns of `difficult year` ahead
- Sovereign Wealth Funds: U.S. probes sovereign wealth funds, Who`s afraid of Mideast money? Global finance changes, interview with Bader M. Al Sa`ad
- Countrywide Update: BofA agrees to buy troubled Countrywide for $4bln, Deal has risks and potential, Similar deals expected to follow Countrywide sale
- 130/30 fan base grows as investors cut managers free, unconstrain managers, U.S. 130/30 market to reach $500bl in 2010 according to Merrill Lynch survey
- Christian fund leads faith-based U.S. investors with 17% return as sector grows to $17bln
- Legal: Update: Jury convicts ex-pastor for luring investors to illegal hedge fund
- Environmental Trading News: Europe leads on climate change
- Exchanges: New derivatives exchange seeks more shareholders, hopes Citadel will provide backing, Futures go online, OptionsXpress to capitalize on experience
- Northern Rock Update: FT Comment: Distractions around Northern did not alter facts as lender is locked in negative interest spreads, Northern Rock reports pension deficit
- Gulf bond issuance could double to $50bln next year as sukuk boom, Barclays Capital set to launch sharia-compliant prime brokerage platform
- Asia-focused hedge funds say aloha to Hawaii, CAIA chapter next?
- China 2007 trade rose by nearly 50% to a record $262bln but import growth exceeded export growth, suggesting controversial trade imbalance may be peaking
- Activist News: Ramius wins Schulman proxy fight, UK football club may be taken over by Shamrock HF, SRM Global discloses 8% Virgin Media stake
- News Briefs: JPMorgan confirms Blair appointment, Investcorp acquires prestigious New York building in Midtown Manhattan, European institutions pay more for capital than their clients, IMF forecasts growth for Bahamas economy
- And Finally... Barclays boss loses cash after conman gets card, Know your hedge-fund lingo: A few definitions
- Logon: http://www.opalesque.com/main.php?act=archive
_________________________________________________________________________
Misc. Items of Interest
Scientists create beating hearts in lab
January 13, 2008 02:41 PM ET
CHICAGO (Reuters) - U.S. researchers say they have coaxed hearts
from dead rats to beat again in the laboratory and said the
discovery may one day lead to customized organ transplants for
people.
http://links.reuters.com/r/EN8ZS/AQNRX/GCMI8/324YG/J66CZ/YT/t
January 13, 2008 02:41 PM ET
CHICAGO (Reuters) - U.S. researchers say they have coaxed hearts
from dead rats to beat again in the laboratory and said the
discovery may one day lead to customized organ transplants for
people.
http://links.reuters.com/r/EN8ZS/AQNRX/GCMI8/324YG/J66CZ/YT/t
RETAIL BIGS BREAK BREAD, DEALS
By JAMES COVERT
Tonight, billionaire financier Carl Icahn will share a table with Burt Tansky, CEO of premier luxury retailer Neiman Marcus.But the legendary corporate raider will be sitting a few tables away from Macy's CEO Terry Lundgren, whose mega-chain...
full story: http://www.nypost.com/seven/01142008/business/retail_bigs_break_bread__deals_488050.htm
By JAMES COVERT
Tonight, billionaire financier Carl Icahn will share a table with Burt Tansky, CEO of premier luxury retailer Neiman Marcus.But the legendary corporate raider will be sitting a few tables away from Macy's CEO Terry Lundgren, whose mega-chain...
full story: http://www.nypost.com/seven/01142008/business/retail_bigs_break_bread__deals_488050.htm
RiskMetrics: a Decent Bet
Wall Street Journal - USA
So the initial public offering of stock in RiskMetrics, one of the leading firms in financial risk measurement, looks well-timed, given it has become clear ...
See all stories on this topic
Wall Street Journal - USA
So the initial public offering of stock in RiskMetrics, one of the leading firms in financial risk measurement, looks well-timed, given it has become clear ...
See all stories on this topic
_____________________________________________________________________
Funnies, Facts, Quotes, etc….
primogeniture pry-moh-JEN-ih-choor, noun:
1. The state of being the firstborn of the same parents; seniority by birth among children of the same family.
2. (Law) An exclusive right of inheritance that belongs to the eldest son.
2. (Law) An exclusive right of inheritance that belongs to the eldest son.
_________________________________________________________________________
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:
_________________________________________________________________________
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)
_________________________________________________________________________
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
_________________________________________________________________________
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.
|
| Manage your subscription |