Archive: 06/13/2008
Main News
UBS Faces Battle in Selling Off Risky Assets
By: Reuters
Posted: 06/11/2008 12:05:58 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15050.html
By: Reuters
Posted: 06/11/2008 12:05:58 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15050.html
Brevan Howard Fund Joins FTSE 250 Index
By: Bill McIntosh, Senior Financial Correspondent
Posted: 06/12/2008 5:09:28 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15058.html
By: Bill McIntosh, Senior Financial Correspondent
Posted: 06/12/2008 5:09:28 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15058.html
Martello Shuts Down $1B Operation
Martello Investment Management has confirmed it will fold later this year and return capital to investors.
Martello Investment Management has confirmed it will fold later this year and return capital to investors.
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World Faces `Oil Crisis;' IEA Ready to Tap Reserves (Update1 --what happens when reserves run out? By Shigeru Sato and Yuji Okada ... messages.finance.yahoo.com/.../threadview?m=tm& |
'Big Three' Credit Raters Reach Accord with NY AG. Christopher Faille, Senior Financial Correspondent | 06/05/2008. ALBANY, N.Y. (HedgeWorld.com)—New York
US hedge fund fraudster's disappearance sparks manhunt
AFP -
NEW YORK (AFP) — New York state police have launched a manhunt for a convicted hedge fund fraudster, Samuel Israel, who failed to report to prison this week ...
AFP -
NEW YORK (AFP) — New York state police have launched a manhunt for a convicted hedge fund fraudster, Samuel Israel, who failed to report to prison this week ...
SEC Acts on Ratings Agencies and 'Symbology'
By: Christopher Faille, Senior Financial Correspondent
Posted: 06/11/2008 3:48:19 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=legl&story=legl2235.html
By: Christopher Faille, Senior Financial Correspondent
Posted: 06/11/2008 3:48:19 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=legl&story=legl2235.html
Bayou Co-Founder Might Be 'Armed and Dangerous,' U.S. Says
Bloomberg - Thursday June 12, 09:28 BST
Bloomberg - Thursday June 12, 09:28 BST
Lampert bets on US housing rebound
Billionaire hedge fund manager Edward S. Lampert is placing new bets on a US housing recovery, buying stakes in beaten-up home builders, mortgage lenders and a home-improvement retailer. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/371159/MTk4MTI1OjE3NjA4/
Billionaire hedge fund manager Edward S. Lampert is placing new bets on a US housing recovery, buying stakes in beaten-up home builders, mortgage lenders and a home-improvement retailer. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/371159/MTk4MTI1OjE3NjA4/
Booking Gains from Bad Credit in FAS 157 World
By: Emma Trincal, Senior Financial Correspondent
Posted: 06/11/2008 3:24:29 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=dail&story=dail15051.html
By: Emma Trincal, Senior Financial Correspondent
Posted: 06/11/2008 3:24:29 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=dail&story=dail15051.html
Cutthroat competition, high levels of automation and a wealth of information that must be absorbed literally at the speed of delivery have turned the US equity execution into a complex science for sell-side firms. It is this high dependency on automation, writes Miranda Mizen, senior consultant and author of TABB Group’s new research report released yesterday, “Real-Time Risk: Managing Execution Risk in an Increasingly Electronic World,” that raises the need to control execution risk as an entirely new type of risk that must be aggregated into other risk management efforts.
Yanked from Obscurity: Why Finance Experts Are Rethinking LIBOR
First, U.S. Bankers raised questions about how the daily London Interbank Offered Rate was calculated, and then The Wall Street Journal demonstrated that the rate was inexplicably diverging from what the data suggested it ought to be. Getting it right is important, because LIBOR is the basis for many kinds of loans. The British Bankers Association says it will make changes.
http://knowledge.wharton.upenn.edu/article/1980.cfm
First, U.S. Bankers raised questions about how the daily London Interbank Offered Rate was calculated, and then The Wall Street Journal demonstrated that the rate was inexplicably diverging from what the data suggested it ought to be. Getting it right is important, because LIBOR is the basis for many kinds of loans. The British Bankers Association says it will make changes.
http://knowledge.wharton.upenn.edu/article/1980.cfm
Finance and Investment
Growing Value and Activism Bring New Scrutiny to Public Pension Funds
Controlling about $3 trillion, public pension funds are too big to ignore. Some use their influence to boost shareholder rights or support social causes. In the face of "pension envy" from private sector workers, some governments have adopted defined contribution plans – and some of those have regretted the decision. The issues were explored at a Wharton Impact Conference called, "The Future of Public Employee Retirement Systems."
http://knowledge.wharton.upenn.edu/article/1976.cfm
Growing Value and Activism Bring New Scrutiny to Public Pension Funds
Controlling about $3 trillion, public pension funds are too big to ignore. Some use their influence to boost shareholder rights or support social causes. In the face of "pension envy" from private sector workers, some governments have adopted defined contribution plans – and some of those have regretted the decision. The issues were explored at a Wharton Impact Conference called, "The Future of Public Employee Retirement Systems."
http://knowledge.wharton.upenn.edu/article/1976.cfm
Dollar jumps and oil sinks, but bond market pays the price
Los Angeles Times - CA,USA
Fed Chairman Ben S. Bernanke follows that with a speech Monday evening in which he basically says the economy will be OK, and the Fed is more worried about ...
Los Angeles Times - CA,USA
Fed Chairman Ben S. Bernanke follows that with a speech Monday evening in which he basically says the economy will be OK, and the Fed is more worried about ...
Thu, 12 Jun 2008, 05:38
Wall Street Journal
When falling off a bike, it is best to just hop back on. But what if the bike is a $2 billion hedge fund that has just been steered into a wall? Geoff Grant, one of the founding partners of Peloton Partners, a London-based hedge-fund manager named after the chasing pack in a bicycle race, clearly doesn't see a difference. The California-based trader is working on plans for a new fund, LiquidMacro, to launch in September -- just seven months after Peloton collapsed.
When falling off a bike, it is best to just hop back on. But what if the bike is a $2 billion hedge fund that has just been steered into a wall? Geoff Grant, one of the founding partners of Peloton Partners, a London-based hedge-fund manager named after the chasing pack in a bicycle race, clearly doesn't see a difference. The California-based trader is working on plans for a new fund, LiquidMacro, to launch in September -- just seven months after Peloton collapsed.
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Stocks On The Move. China Stocks Extend Drop; Investors Seek Haven in Bank Deposits. By Zhang Shidong. June 12 (Bloomberg) -- China's stocks fell for a ... www.bloomberg.com/apps/news?pid=stocksonmove&refer=&sid=ao3f0lOEUymU - Il y a 11 |
Hedge Fund Liquidity? Perhaps...
Seeking Alpha - New York,NY,USA
If the portable alpha generator falls short and the retirement plan wants out, the all-in performance likely suffers, for everyone. What then? ...
Seeking Alpha - New York,NY,USA
If the portable alpha generator falls short and the retirement plan wants out, the all-in performance likely suffers, for everyone. What then? ...
Icahn says Yahoo severance plan is rubbish...
The management of corporate America was “dysfunctional” and has led to “obscene” executive pay with little or no accountability to...
The management of corporate America was “dysfunctional” and has led to “obscene” executive pay with little or no accountability to...
Volatility creates opportunities for long/short investors...
The recent market sell off and volatility has created a number of good buying opportunities for investors on the long...
The recent market sell off and volatility has created a number of good buying opportunities for investors on the long...
Ermitage Starts Clean Resources Fund
By: Bill McIntosh, Senior Financial Correspondent
Posted: 06/12/2008 1:17:17 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=peop&story=peop3510.html
By: Bill McIntosh, Senior Financial Correspondent
Posted: 06/12/2008 1:17:17 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=peop&story=peop3510.html
The Earthquake at Lehman
Stan O'Neal did it, and it didn't work. Jimmy Cayne did it, and it didn't work. But that's not stopping Dick Fuld from doing it too. Read More
Stan O'Neal did it, and it didn't work. Jimmy Cayne did it, and it didn't work. But that's not stopping Dick Fuld from doing it too. Read More
Judge Says TCI 'Crossed the Line' In CSX Proxy Fight
By: Christopher Faille, Senior Financial Correspondent
Posted: 06/12/2008 11:15:55 AM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=legl&story=legl2236.html
By: Christopher Faille, Senior Financial Correspondent
Posted: 06/12/2008 11:15:55 AM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=legl&story=legl2236.html
Citigroup to Shut Hedge Fund Co-founded by CEO: Report
By: Reuters
Posted: 06/12/2008 10:41:40 AM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15055.html
By: Reuters
Posted: 06/12/2008 10:41:40 AM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15055.html
How to Fight Inflation: Let Us Count the Ways
Wall Street Journal Blogs - New York,NY,USA
(State Council notice in Chinese here). –Calling up the reserves. China’s food prices were up 19.9% in May from a year earlier. To keep food inflation from ...
See all stories on this topic
Wall Street Journal Blogs - New York,NY,USA
(State Council notice in Chinese here). –Calling up the reserves. China’s food prices were up 19.9% in May from a year earlier. To keep food inflation from ...
See all stories on this topic
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Mining Replaces Financial Services as Biggest Driver of M&A. By Ambereen Choudhury and Brett Foley. June 12 (Bloomberg) -- Metals are the new green on Wall ... www.bloomberg.com/apps/news?pid=20601109&sid=aKojsiETnI9Q&refer=exclusive - Il y a 10 |
Donations From Hedge Funds Surge<http://www.hedgefund-index.com/newstoday.asp>
Source: The Wall Street Journal
As growth in hedge funds soared last year, the funds' foundations also grew, expanding 31%, with charities aimed at children, education and health care getting the most donations, according to Absolute Return magazine. More...<http://www.hedgefund-index.com/newstoday.asp>
Source: The Wall Street Journal
As growth in hedge funds soared last year, the funds' foundations also grew, expanding 31%, with charities aimed at children, education and health care getting the most donations, according to Absolute Return magazine. More...<http://www.hedgefund-index.com/newstoday.asp>
GLOBAL - Pension funds agree with allegations by key industry figures there are too many “advisers” pulling trustees in different directions, according to the results of the latest Global Pensions 100 Panel.
Inflation threatens India's government
India's 4-year-old government is threatened by soaring inflation that has pushed New Delhi to prune back subsidies crucial to the country's poor. Inflation "threatens to undermine over the next six months all the good will the government was in the process of earning," said independent political analyst Mahesh Rangarajan. Income has grown more over the last four years than it did under the six years of the previous government. International Herald Tribune (11 Jun.)
India's 4-year-old government is threatened by soaring inflation that has pushed New Delhi to prune back subsidies crucial to the country's poor. Inflation "threatens to undermine over the next six months all the good will the government was in the process of earning," said independent political analyst Mahesh Rangarajan. Income has grown more over the last four years than it did under the six years of the previous government. International Herald Tribune (11 Jun.)
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Corn Jumps to Record as Heavy Rains Threaten U.S. Production. By Jae Hur ... We may see the USDA cut further its output estimate next month.'' Corn for ... www.bloomberg.com/apps/news?pid=20601087&sid=awI6IX.ZOx4M&refer=home - |
BNP Paribas to pay $300m for BofA brokerage unit
BNP Paribas said it will spend as much as $300m (?194m) to acquire the equity prime-brokerage business of Bank of America in an attempt to strengthen its position in the US equity-derivatives market. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/370845/MTk4MTI1OjE3NTk0/
BNP Paribas said it will spend as much as $300m (?194m) to acquire the equity prime-brokerage business of Bank of America in an attempt to strengthen its position in the US equity-derivatives market. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/370845/MTk4MTI1OjE3NTk0/
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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/FLDus164_N5.jpg
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Iranian Situation and Other Man Made Disasters
Iran losing influence in Iraq: Bush
AFP via Yahoo! News Thu, 12 Jun 2008 7:47 AM PDT
Iran is losing influence in Iraq, US President George W. Bush said in a French television interview broadcast Thursday a day before he arrives in Paris on the penultimate leg of a farewell European tour.
AFP via Yahoo! News Thu, 12 Jun 2008 7:47 AM PDT
Iran is losing influence in Iraq, US President George W. Bush said in a French television interview broadcast Thursday a day before he arrives in Paris on the penultimate leg of a farewell European tour.
How Iran Has Bush Over a Barrel
Time Magazine Thu, 12 Jun 2008 1:45 AM PDT
With gas already at $4 a gallon and still rising, says Robert Baer, the Bush Administration can't afford to attack Iran - figuratively and literally
Time Magazine Thu, 12 Jun 2008 1:45 AM PDT
With gas already at $4 a gallon and still rising, says Robert Baer, the Bush Administration can't afford to attack Iran - figuratively and literally
Bush to press Berlusconi on Iran and Afghanistan
Reuters via Yahoo! Philippines News Thu, 12 Jun 2008 9:11 AM PDT
ROME - U.S. President George W. Bush will ask Italian Prime Minister Silvio Berlusconi on Thursday to take a tougher stand on Iran's nuclear programme and respond to U.S. calls for NATO troops to play a bigger role in Afghanistan.
Reuters via Yahoo! Philippines News Thu, 12 Jun 2008 9:11 AM PDT
ROME - U.S. President George W. Bush will ask Italian Prime Minister Silvio Berlusconi on Thursday to take a tougher stand on Iran's nuclear programme and respond to U.S. calls for NATO troops to play a bigger role in Afghanistan.
Merkel backs Bush on Iran sanctions
International Herald Tribune Wed, 11 Jun 2008 12:24 PM PDT
But the German chancellor stressed diplomacy and the need to enforce current sanctions in the effort to force suspension of Iran's uranium enrichment program.
International Herald Tribune Wed, 11 Jun 2008 12:24 PM PDT
But the German chancellor stressed diplomacy and the need to enforce current sanctions in the effort to force suspension of Iran's uranium enrichment program.
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Opalesque’s Corner
- Opalesque Exclusive: Top healthcare industry analyst Michael Krensavage launching L/S fund, looks strictly at total pharmaceutical company value
- Fund launches: Former Citigroup and Archeus managers launch multi-strategy fund, Former SAC Capital manager goes solo with new global macro fund, Marathon A. M. partners with RexCorp to launch distressed real estate fund, Altedge Capital launches distressed and CTA FoHFs
- Comment: Peloton co-founder to launch new fund in September - should investors back him up?
- Performance: Opalesque Exclusive: Energy pushes Mulvaney Global Markets Fund to 38.96% YTD, Toscafund denies rumors of stock portfolio liquidation, HFs that did not hedge commodities are big winners this year - Morningstar, Battered funds cling to hopes of a recovery
- Closures: Citigroup to close Old Lane hedge fund, blow to CEO
- Assets: Commodity trading demand expands Crabel`s assets by $3bln, Hedge funds gird for withdrawals as redemption requests roll in, HBK has already lost 30% capital this year
- Seeders: Former UBS banker secures Goldman Sachs` support, raises $300m for hedge fund start-up
- Listings: Marshall Wace to list MW TOPS on LSE on June 18, FRM Credit Alpha to switch listing from Dublin to London
- Awards: Hedge Funds Review announces winners of 8th European Performance Awards 2008, GLG, UBS, JPMorgan win Extel analysts` awards
- Strategies: Barings AM sees L/S opportunities in frontier markets and commodities, Gartmore shorts India, sees emerging market hedge funds rebound, Lampert puts money on housing rebound, stakes in battered builders, lenders and retailers
- Credit Crunch Update: Merrill would consider Bloomberg, BlackRock sales, UniCredit contacts Merrill Lynch as it mulls Pioneer options, Markets cures from BlackRock`s Larry Fink, Neptune Investment`s Robin Geffen warns UK banks will need second round of rights issues, Mortgage-backed securities are shaken to the foundations, Backers may have to buy HBOS shares, Treasury official eases Wall Street fears on borrowing limits
- Ratings Agencies: SEC proposes comprehensive reforms to bring increased transparency to credit rating process, US leveraged buy-outs hit as economy slows- Fitch, Fitch says US subprime-related rating impact on European banks will be minimal in the future
- Insurers: MBIA reconsiders $900m capital deployment after downgrade, Ackman says bond insurers need another downgrade
- Legal: Update: Federal warrant issued for Samuel Israel as search fails to find his body, Considered armed and dangerous, Update: Lake Shore Asset Management punished for failing to comply with judge`s orders, Ex-UBS, Merrill Lynch brokers barred by NYSE for helping hedge fund market-time mutual funds
- Tax Update: Tax bill with hedge fund provision did not pass vote in the Senate
- People: Blacksquare Capital appoints Richard Sherwin as director and portfolio manager, Pioneer hires Simon Gordon to oversee U.S. L/S equities, Putnam adds managing director and senior vice president, Theo Jeurissen appointed new Chairman of the EDHEC risk and asset management research centre`s international advisory board, Barclays picks up health team in Bear exodus, Prominent African-Americans financier calls for greater race equality in corporate world, hedge funds
- Europe: Bank Sarasin appoints Harcourt as advisor to its FoHFs platform, Uk market to grow to Eur50bln by 2012, education `key` to mass market hedge funds - Datamonitor
- Africa: Advance of sub-Saharan Africa`s prosperity, growth not always commodity-driven
- Weather investing: As commodity prices soar, investors rely on private weather forecasters for an edge
- Charities: Top 25 hedge fund foundations reach $4.6bln, George Soros` Open Society Institute leads ranking
- Events: MFA invites to Forum 2008 (June 23 -25) at The Fairmont Chicago, Connecticut Hedge Fund Association supports Paul Newman`s charity, pro-am event at Yale golf course
- Activist News: Court says it can`t stop funds from voting CSX shares, Dissident campaign at CSX gains support from major stockholders, TCI set to escape US Treasury probe, Pershing`s Ackman calls for Amazon.com to buy Borders, Hedge-fund billionaire Gendell takes stake in TierOne
- News Briefs: BH Macro hedge fund feeder enters FTSE 250, Imarex to launch shipping contract, Liquidnet in talks with NYSE and Nasdaq over liquidity links, Asian shares slide as inflation worries deepen
- And Finally. Latest fad? Business cards. For two-year old children
- Logon: http://www.opalesque.com/index.php?act=archive
- Fund launches: Former Citigroup and Archeus managers launch multi-strategy fund, Former SAC Capital manager goes solo with new global macro fund, Marathon A. M. partners with RexCorp to launch distressed real estate fund, Altedge Capital launches distressed and CTA FoHFs
- Comment: Peloton co-founder to launch new fund in September - should investors back him up?
- Performance: Opalesque Exclusive: Energy pushes Mulvaney Global Markets Fund to 38.96% YTD, Toscafund denies rumors of stock portfolio liquidation, HFs that did not hedge commodities are big winners this year - Morningstar, Battered funds cling to hopes of a recovery
- Closures: Citigroup to close Old Lane hedge fund, blow to CEO
- Assets: Commodity trading demand expands Crabel`s assets by $3bln, Hedge funds gird for withdrawals as redemption requests roll in, HBK has already lost 30% capital this year
- Seeders: Former UBS banker secures Goldman Sachs` support, raises $300m for hedge fund start-up
- Listings: Marshall Wace to list MW TOPS on LSE on June 18, FRM Credit Alpha to switch listing from Dublin to London
- Awards: Hedge Funds Review announces winners of 8th European Performance Awards 2008, GLG, UBS, JPMorgan win Extel analysts` awards
- Strategies: Barings AM sees L/S opportunities in frontier markets and commodities, Gartmore shorts India, sees emerging market hedge funds rebound, Lampert puts money on housing rebound, stakes in battered builders, lenders and retailers
- Credit Crunch Update: Merrill would consider Bloomberg, BlackRock sales, UniCredit contacts Merrill Lynch as it mulls Pioneer options, Markets cures from BlackRock`s Larry Fink, Neptune Investment`s Robin Geffen warns UK banks will need second round of rights issues, Mortgage-backed securities are shaken to the foundations, Backers may have to buy HBOS shares, Treasury official eases Wall Street fears on borrowing limits
- Ratings Agencies: SEC proposes comprehensive reforms to bring increased transparency to credit rating process, US leveraged buy-outs hit as economy slows- Fitch, Fitch says US subprime-related rating impact on European banks will be minimal in the future
- Insurers: MBIA reconsiders $900m capital deployment after downgrade, Ackman says bond insurers need another downgrade
- Legal: Update: Federal warrant issued for Samuel Israel as search fails to find his body, Considered armed and dangerous, Update: Lake Shore Asset Management punished for failing to comply with judge`s orders, Ex-UBS, Merrill Lynch brokers barred by NYSE for helping hedge fund market-time mutual funds
- Tax Update: Tax bill with hedge fund provision did not pass vote in the Senate
- People: Blacksquare Capital appoints Richard Sherwin as director and portfolio manager, Pioneer hires Simon Gordon to oversee U.S. L/S equities, Putnam adds managing director and senior vice president, Theo Jeurissen appointed new Chairman of the EDHEC risk and asset management research centre`s international advisory board, Barclays picks up health team in Bear exodus, Prominent African-Americans financier calls for greater race equality in corporate world, hedge funds
- Europe: Bank Sarasin appoints Harcourt as advisor to its FoHFs platform, Uk market to grow to Eur50bln by 2012, education `key` to mass market hedge funds - Datamonitor
- Africa: Advance of sub-Saharan Africa`s prosperity, growth not always commodity-driven
- Weather investing: As commodity prices soar, investors rely on private weather forecasters for an edge
- Charities: Top 25 hedge fund foundations reach $4.6bln, George Soros` Open Society Institute leads ranking
- Events: MFA invites to Forum 2008 (June 23 -25) at The Fairmont Chicago, Connecticut Hedge Fund Association supports Paul Newman`s charity, pro-am event at Yale golf course
- Activist News: Court says it can`t stop funds from voting CSX shares, Dissident campaign at CSX gains support from major stockholders, TCI set to escape US Treasury probe, Pershing`s Ackman calls for Amazon.com to buy Borders, Hedge-fund billionaire Gendell takes stake in TierOne
- News Briefs: BH Macro hedge fund feeder enters FTSE 250, Imarex to launch shipping contract, Liquidnet in talks with NYSE and Nasdaq over liquidity links, Asian shares slide as inflation worries deepen
- And Finally. Latest fad? Business cards. For two-year old children
- Logon: http://www.opalesque.com/index.php?act=archive
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Misc. Items of Interest
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Funnies, Facts, Quotes, etc….
hyperbole hy-PUHR-buh-lee, noun:
Extravagant exaggeration.
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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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