Archive: 06/17/2008
Main News
Corn sets all-time high on U.S. crop fears
June 16, 2008 07:31 AM ET
LONDON (Reuters) - Corn prices surged to a record high on Monday
and looked set to climb further as widespread flooding in a
key producing region, the U.S. Midwest, helped to heighten concern
about tight supplies, dealers said.
http://links.reuters.com/r/I1C4N/4KLMV/BGVWL/FQYUN/D64TL/YT/t
June 16, 2008 07:31 AM ET
LONDON (Reuters) - Corn prices surged to a record high on Monday
and looked set to climb further as widespread flooding in a
key producing region, the U.S. Midwest, helped to heighten concern
about tight supplies, dealers said.
http://links.reuters.com/r/I1C4N/4KLMV/BGVWL/FQYUN/D64TL/YT/t
Monday , 16 Jun 2008
When the stock price of a leading Tier I gold producer hits 12-month lows, it may be an ominous sign of things to come for others in the sector
When the stock price of a leading Tier I gold producer hits 12-month lows, it may be an ominous sign of things to come for others in the sector
Not the Worst of All Financial Worlds, But Bad Enough Policy makers are boxed in by bad choices. But how much worse can it get for financial stocks?
http://online.barrons.com/article/SB121324730241067505.html?mod=djemBF
http://online.barrons.com/article/SB121324730241067505.html?mod=djemBF
Capital acts to restore balance to its world
Capital International, one of the world's most renowned asset managers, is fighting to regain its poise following business losses and criticism of its performance by consultants.
http://mail2.efnmail.co.uk/r/371928/MTk4MTI1OjE3NjM2/
Capital International, one of the world's most renowned asset managers, is fighting to regain its poise following business losses and criticism of its performance by consultants.
http://mail2.efnmail.co.uk/r/371928/MTk4MTI1OjE3NjM2/
Hedge funds suffer major losses on inflation expectations bet
Hedge funds have suffered major losses after wrongly betting that market inflation expectations would fall, the Bank of England has said. (The Daily Telegraph)
http://mail2.efnmail.co.uk/r/372128/MTk4MTI1OjE3NjM4/
Hedge funds have suffered major losses after wrongly betting that market inflation expectations would fall, the Bank of England has said. (The Daily Telegraph)
http://mail2.efnmail.co.uk/r/372128/MTk4MTI1OjE3NjM4/
Goldman's intriguing replication idea
Financial Times - Monday June 16, 10:19 BST
Financial Times - Monday June 16, 10:19 BST
The Value of Hedge Funds
New York Times - Monday June 16, 10:03
New York Times - Monday June 16, 10:03
Bear Hedge Fund Managers Face Indictment
Financial-Planning.com - New York,NY,USA
By Colleen O'Connor-Grant The managers of two Bear Stearns hedge funds which collapsed late last year could be charged in a criminal indictment led by ...
Financial-Planning.com - New York,NY,USA
By Colleen O'Connor-Grant The managers of two Bear Stearns hedge funds which collapsed late last year could be charged in a criminal indictment led by ...
Prisma Finds 40 Managers Optimal for FOFs
By: Emma Trincal, Senior Financial Correspondent
Posted: 06/16/2008 3:51:40 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15061.html
By: Emma Trincal, Senior Financial Correspondent
Posted: 06/16/2008 3:51:40 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15061.html
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Phil Falcone is the hedge fund world's new "Iron Man." Just like the big-screen character, Falcone seems to have developed super powers - posting results of ... |
U.S. home foreclosures jumped in May to 261,255, a 48 percent increase from May 2007, according to RealtyTrac’s latest U.S. Foreclosure Market Report, which measures default notices, auction sale notices and bank repossessions. Last month’s total is up seven percent from April.
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Saudi Arabia: Buying Food Security With Petrodollars. June 16, 2008 1904 GMT. A plan by Gulf countries to use their current glut of petrodollars to buy food ... |
China: Continuing Convolutions in the Energy Market. June 16, 2008 1621 GMT. China has become a net gasoline importer amid rising demand and state-backed ...
The Geopolitics of China: A Great Power Enclosed
June 15, 2008 2353 GMT
This is the second in a series of monographs by Stratfor founder George Friedman on the geopolitics of countries that are currently critical in world affairs. (With Stratfor maps)
http://www.stratfor.com/analysis/geopolitics_china
June 15, 2008 2353 GMT
This is the second in a series of monographs by Stratfor founder George Friedman on the geopolitics of countries that are currently critical in world affairs. (With Stratfor maps)
http://www.stratfor.com/analysis/geopolitics_china
The Bubble
Washington Post - United States
"Fraudulent loans were a big part of the subprime mess," he said. Mortgage brokers forged borrowers' signatures and pumped up their income, he said. ...
Washington Post - United States
"Fraudulent loans were a big part of the subprime mess," he said. Mortgage brokers forged borrowers' signatures and pumped up their income, he said. ...
Managers launch green standard for old assets
http://www.ipe.com/realestate/Managers_launch_green_standard_for_old_assets_28278.php
http://www.ipe.com/realestate/Managers_launch_green_standard_for_old_assets_28278.php
Hedge fund unveils corruption in pursuit to be paid
A U.S.-based hedge fund has proved that some poor African countries would be able to pay creditors if national wealth were not siphoned off by corrupt leaders. Private detectives and forensic accountants working for one "vulture" fund, Elliott Associates, cut through the straw companies and hidden bank accounts that allowed leaders in the Republic of the Congo to spend oil wealth at Paris boutiques while their people lived on about $1 a day. Despite outrage from those arguing that poor countries should be forgiven their debts, the Brazzaville government settled after documents were made public. The Times (London) (15 Jun.)
A U.S.-based hedge fund has proved that some poor African countries would be able to pay creditors if national wealth were not siphoned off by corrupt leaders. Private detectives and forensic accountants working for one "vulture" fund, Elliott Associates, cut through the straw companies and hidden bank accounts that allowed leaders in the Republic of the Congo to spend oil wealth at Paris boutiques while their people lived on about $1 a day. Despite outrage from those arguing that poor countries should be forgiven their debts, the Brazzaville government settled after documents were made public. The Times (London) (15 Jun.)
Mon, 16 Jun 2008, 05:09
India Daily
Bear Stearns Hedge Fund Managers are getting indicted for starting the credit crisis. According to media sources, Federal prosecutors are preparing to file criminal charges against managers of two Bear Stearns Cos. hedge funds whose collapse helped mark the start of the credit crisis. The U.S. Attorney's office in Brooklyn is in the process of completing interviews of witnesses and other key people in the case this week, and has indicated to lawyers with interest in the case that indictments could be imminent. The former Bear Stearns managers, Ralph Cioffi and Matthew Tannin, managed two high-profile bond portfolios for the securities firm's asset-management unit. No doubt they are one of the helpers in triggering the crisis. But are they really the root cause of the credit crisis?
Bear Stearns Hedge Fund Managers are getting indicted for starting the credit crisis. According to media sources, Federal prosecutors are preparing to file criminal charges against managers of two Bear Stearns Cos. hedge funds whose collapse helped mark the start of the credit crisis. The U.S. Attorney's office in Brooklyn is in the process of completing interviews of witnesses and other key people in the case this week, and has indicated to lawyers with interest in the case that indictments could be imminent. The former Bear Stearns managers, Ralph Cioffi and Matthew Tannin, managed two high-profile bond portfolios for the securities firm's asset-management unit. No doubt they are one of the helpers in triggering the crisis. But are they really the root cause of the credit crisis?
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Yield Curve Corner
Greenspan says U.S. interest rates must rise
The credit crisis may have bottomed out, but the threat of inflation now forces the Fed to tighten monetary policy, said Alan Greenspan, former U.S. Federal Reserve chairman. "As a result we're going to see interest rates rising," Greenspan said. Reuters (13 Jun
The credit crisis may have bottomed out, but the threat of inflation now forces the Fed to tighten monetary policy, said Alan Greenspan, former U.S. Federal Reserve chairman. "As a result we're going to see interest rates rising," Greenspan said. Reuters (13 Jun
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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/DSTmideast168_N7.jpg
Quake-hit China now menaced by landslides and floods
June 16, 2008 03:55 AM ET
BEIJING (Reuters) - Thousands of victims of China's earthquake
are moving to escape a new threat from rain-triggered landslides,
officials said on Monday, while floods battered the nation's
southern trade powerhouse.
http://links.reuters.com/r/EN8ZS/G3AI9/0R1OQ/BDWI9/UIPN8/YT/t
June 16, 2008 03:55 AM ET
BEIJING (Reuters) - Thousands of victims of China's earthquake
are moving to escape a new threat from rain-triggered landslides,
officials said on Monday, while floods battered the nation's
southern trade powerhouse.
http://links.reuters.com/r/EN8ZS/G3AI9/0R1OQ/BDWI9/UIPN8/YT/t
Heavy-rain forecasts 'to improve' *
The Met Office says it is now able to provide more precise forecasts of where extreme rainfall will occur.
Full story:
http://news.bbc.co.uk/go/em/-/1/hi/sci/tech/7453522.stm
The Met Office says it is now able to provide more precise forecasts of where extreme rainfall will occur.
Full story:
http://news.bbc.co.uk/go/em/-/1/hi/sci/tech/7453522.stm
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Iranian Situation and Other Man Made Disasters
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Geopolitical Diary: Nuclear Weapons, Blueprints and Iran. June 16, 2008 | 0157 GMT. Geopolitical Diary Graphic — FINAL. The Washington Post reported on ... |
UK: Iran sanctions tightening across Europe
CNN.com Mon, 16 Jun 2008 12:13 PM PDT
The European Union has agreed to freeze the overseas assets of Iran's Bank Melli, a spokesman for Britain's Foreign Office said Monday.
CNN.com Mon, 16 Jun 2008 12:13 PM PDT
The European Union has agreed to freeze the overseas assets of Iran's Bank Melli, a spokesman for Britain's Foreign Office said Monday.
Britain: EU agrees to freeze Iran bank's assets
AP via Yahoo! News Mon, 16 Jun 2008 8:43 AM PDT
A British official says European Union nations have agreed in principle to freeze the assets of Iran's largest bank.
AP via Yahoo! News Mon, 16 Jun 2008 8:43 AM PDT
A British official says European Union nations have agreed in principle to freeze the assets of Iran's largest bank.
Geopolitical Diary: Nuclear Weapons, Blueprints and Iran
June 16, 2008 0157 GMT
The revelation that a Pakistani-based ring had blueprints for nuclear weapon construction casts the Iranian nuclear issue in a disturbing light.
http://www.stratfor.com/geopolitical_diary/geopolitical_diary_nuclear_weapons_blueprints_and_iran
June 16, 2008 0157 GMT
The revelation that a Pakistani-based ring had blueprints for nuclear weapon construction casts the Iranian nuclear issue in a disturbing light.
http://www.stratfor.com/geopolitical_diary/geopolitical_diary_nuclear_weapons_blueprints_and_iran
The Pluck of the Irish
June 16, 2008 0654 GMT
European Union foreign ministers are meeting in Luxembourg to try to figure out how to save the reforming Lisbon Treaty after the Irish rejected it in a referendum, but as yet there does not appear to be the semblance of an idea, let alone a plan. Europe, says Colin Chapman, is increasingly becoming a region where members’ own interests count most.
http://www.stratfor.com/podcast/pluck_irish
June 16, 2008 0654 GMT
European Union foreign ministers are meeting in Luxembourg to try to figure out how to save the reforming Lisbon Treaty after the Irish rejected it in a referendum, but as yet there does not appear to be the semblance of an idea, let alone a plan. Europe, says Colin Chapman, is increasingly becoming a region where members’ own interests count most.
http://www.stratfor.com/podcast/pluck_irish
Coast Guard Will Board Ships From Iran
Another Economic Pressure Point on Tehran
BY ELI LAKE - Staff Reporter of the Sun
WASHINGTON — America's economic war against Iran is now targeting the Islamic Republic's trade routes and shipping. After a little-noticed order, the Coast Guard has begun searching any shipping vessel that has docked at an Iranian port within five…
Another Economic Pressure Point on Tehran
BY ELI LAKE - Staff Reporter of the Sun
WASHINGTON — America's economic war against Iran is now targeting the Islamic Republic's trade routes and shipping. After a little-noticed order, the Coast Guard has begun searching any shipping vessel that has docked at an Iranian port within five…
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Opalesque’s Corner
- Editor's Note
- Opalesque Exclusive: The quant special - part one: Tunnelbrook`s intraday trading equity fund exploits the very behavior that has plagued many quant funds since August 2007
- New Launches: GAM launches open-ended fund of L/S managers for deVere, Castlestone Management to launch new FoF on June 30
- Assets: EIP hopes to triple assets in $16m market neutral Asian HF and line of Asian index funds by end 2009
- Listings: Emeralt Emerging Europe Fund admitted to the Irish Stock Exchange
- GAIM: Hedge fund investors to hunt for next blockbuster strategy at GAIM Monaco
- Strategies: More trading options than ever for currency investors, Socially responsible investing evolves, Veteran manager uses flexible investment approach with emerging markets
- Odey launches FoHFs operation
- UK hedge fund group Ermitage opens New York office
- Regulatory: MEP Rasmussen talking to Obama camp and others in U.S. to develop complementary system of PE an HF regulations, AIMA disappointed by FSA Code of Market Conduct Provisions on short-selling, Hedge funds scornful of UK FSA move, Swiss regulator to demand higher equity, to limit banks` leverage ratio, Hedge funds in the Cayman Islands: CIMA database will be useful to investors
- Central Banks: BoE: Hedge funds badly burnt from wrong inflation bets, market may have been distorted by hedge fund and pension funds, ECB study raises doubts in managers` ability to handle leverage, Multi-year rally in emerging market currencies to continue as central banks shift to rate-raising bias
- Legal: Bear Stearns hedge fund managers getting indicted for starting credit crisis, Update: Tobias` estate case: Tentative settlement to be presented today
- Institutions: Opalesque Exclusive: Institutional investment managers predicted to increase hedge fund allocations by 25 to 50% over next 2 years - Wharton, Public pensions finding investment opportunities in credit crisis
- Opalesque Exclusive: Will hits in the corporate CLO market signal the second wave of the credit crisis?
- Credit Crunch Update: Lehman: Independent for how long? Suitors are holding back for now, And the winner in the credit crunch is . . ., Lack of trust in banking industry - survey, Edhec to teach lessons of the credit crunch, Comment: Don`t fear the bubble, Eric Rosenfeld and the credit crunch angels
- People: IPM makes senior recruitments, opens Geneva office, Absolute Capital appoints Glenn Kennedy as 3rd CEO in a year
- Asia: Hot money into China hits new record, UBS Prime Brokerage discusses helping hedge funds in Asia Pacific
- Commodities: Commodity prices threaten economic growth, G8 warns, Indian commodity market to reach $1.73trl by 2010 - Assocham, Comment: Oil rally topped dot-com craze in speculators` mania, HK plans oil futures market in China strategy
- ETFs: EDHEC study reveals European investors not taking advantage of ETFs` features
- Charities: Update: Top 25 hedge fund foundations reach $4.6bln, George Soros` Open Society Institute leads ranking
- Hedge Fund Care Event: Chicago Committee of Hope Texas Hold `Em tournament, Chicago, June 26
- Activist News: Hedge funds continue CSX proxy battle
- News Briefs: NY Fed`s private rule making in credit default swaps market under legal fire, HFR Market Microstructure Hedge Fund Industry Report - Q1 2008, Nordic funds keep operations in-house, Tharwa launches investment fund targeting MENA region, Australian Tax Office sends warning to super fund trustees, Update: Australia`s Babcock & Brown says lenders yet to decide on debt review
- ... And Finally: Samuel Israel`s business card offered on eBay, a `bid for a piece of history`
- Logon: http://www.opalesque.com/index.php?act=archive
- Opalesque Exclusive: The quant special - part one: Tunnelbrook`s intraday trading equity fund exploits the very behavior that has plagued many quant funds since August 2007
- New Launches: GAM launches open-ended fund of L/S managers for deVere, Castlestone Management to launch new FoF on June 30
- Assets: EIP hopes to triple assets in $16m market neutral Asian HF and line of Asian index funds by end 2009
- Listings: Emeralt Emerging Europe Fund admitted to the Irish Stock Exchange
- GAIM: Hedge fund investors to hunt for next blockbuster strategy at GAIM Monaco
- Strategies: More trading options than ever for currency investors, Socially responsible investing evolves, Veteran manager uses flexible investment approach with emerging markets
- Odey launches FoHFs operation
- UK hedge fund group Ermitage opens New York office
- Regulatory: MEP Rasmussen talking to Obama camp and others in U.S. to develop complementary system of PE an HF regulations, AIMA disappointed by FSA Code of Market Conduct Provisions on short-selling, Hedge funds scornful of UK FSA move, Swiss regulator to demand higher equity, to limit banks` leverage ratio, Hedge funds in the Cayman Islands: CIMA database will be useful to investors
- Central Banks: BoE: Hedge funds badly burnt from wrong inflation bets, market may have been distorted by hedge fund and pension funds, ECB study raises doubts in managers` ability to handle leverage, Multi-year rally in emerging market currencies to continue as central banks shift to rate-raising bias
- Legal: Bear Stearns hedge fund managers getting indicted for starting credit crisis, Update: Tobias` estate case: Tentative settlement to be presented today
- Institutions: Opalesque Exclusive: Institutional investment managers predicted to increase hedge fund allocations by 25 to 50% over next 2 years - Wharton, Public pensions finding investment opportunities in credit crisis
- Opalesque Exclusive: Will hits in the corporate CLO market signal the second wave of the credit crisis?
- Credit Crunch Update: Lehman: Independent for how long? Suitors are holding back for now, And the winner in the credit crunch is . . ., Lack of trust in banking industry - survey, Edhec to teach lessons of the credit crunch, Comment: Don`t fear the bubble, Eric Rosenfeld and the credit crunch angels
- People: IPM makes senior recruitments, opens Geneva office, Absolute Capital appoints Glenn Kennedy as 3rd CEO in a year
- Asia: Hot money into China hits new record, UBS Prime Brokerage discusses helping hedge funds in Asia Pacific
- Commodities: Commodity prices threaten economic growth, G8 warns, Indian commodity market to reach $1.73trl by 2010 - Assocham, Comment: Oil rally topped dot-com craze in speculators` mania, HK plans oil futures market in China strategy
- ETFs: EDHEC study reveals European investors not taking advantage of ETFs` features
- Charities: Update: Top 25 hedge fund foundations reach $4.6bln, George Soros` Open Society Institute leads ranking
- Hedge Fund Care Event: Chicago Committee of Hope Texas Hold `Em tournament, Chicago, June 26
- Activist News: Hedge funds continue CSX proxy battle
- News Briefs: NY Fed`s private rule making in credit default swaps market under legal fire, HFR Market Microstructure Hedge Fund Industry Report - Q1 2008, Nordic funds keep operations in-house, Tharwa launches investment fund targeting MENA region, Australian Tax Office sends warning to super fund trustees, Update: Australia`s Babcock & Brown says lenders yet to decide on debt review
- ... And Finally: Samuel Israel`s business card offered on eBay, a `bid for a piece of history`
- Logon: http://www.opalesque.com/index.php?act=archive
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Misc. Items of Interest
ALL BUSINESS: Juicy details on CEO pay
Forbes - NY,USA
RiskMetrics went public in January and released its first proxy statement in March. Compensation experts were eagerly waiting to see if it violated any of ...
Forbes - NY,USA
RiskMetrics went public in January and released its first proxy statement in March. Compensation experts were eagerly waiting to see if it violated any of ...
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Funnies, Facts, Quotes, etc….
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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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