Main News

 

 

US presidential election may spur hedge fund regulations
eFinancial News Mon, 16 Jun 2008 9:01 PM PDT
James Chanos, the head of hedge fund manager Kynikos Associates, warned that there is likely to be more pressure to regulate hedge funds following the presidential election, despite industry efforts to learn from the collapse of Long Term Capital Management a decade ago.

 

The Decline of the Hedge-Fund Economy
Wall Street Journal Blogs - New York,NY,USA
Hedge-fund billionaires will always be with us. And many will get even richer in the years to come. Yet as my colleague Greg Zuckerman points out in today’s ...

 

Is A U.S. Federal Natural Catastrophe Backstop Necessary? Desirable?

Natural catastrophes--such as hurricanes and earthquakes--are unpredictable, and when they're severe, they can result in significant human and economic losses. When those economic losses are insured, insurers foot the bill, and that bill can be high. Because of a natural catastrophe's high cost to society, some believe that the U.S. federal government should provide a program to backstop losses for natural catastrophes. Overall, it is up to the insurance market participants to determine what role the government should play.

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Investors ready plunge into bad corporate debt
Monarch Alternative Capital LP and a unit of Blackstone Group LP are building their war chests to snap up distressed debt as more companies default. Corporate defaults may more than triple within a year to 6.3%, according to Moody's Investors Service. Carlyle Group and Oaktree Capital Management LP already have funds that can invest in bankrupt or troubled companies. "The opportunity will be U.S. and European buyouts gone bad," Oaktree Chairman Howard Marks said. Bloomberg (17 Jun.)

 

Ante Up, Hedge Fund Pros
By: Maggie Shea, Financial Correspondent
Posted: 06/16/2008 6:25:04 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15064.html

 

Investors Wary of Goldman Hedge Funds
By: Chidem Kurdas, New York Bureau Chief
Posted: 06/17/2008 6:27:04 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15071.html

 

 

Paper's OK, Not Rock or Scissors Foreign investors are welcome to buy U.S. stocks and bonds, but not buildings or companies.
http://online.barrons.com/article/SB121362373813877275.html?mod=djemBF

 

Were in the World Is Samuel Israel III?*

 

Goldman's Midas Touch
Of all the financial ships navigating the credit storm, Goldman Sachs is the one that has fared the best. Read More

 

Goldman Clones HFs for the Masses
By: Emma Trincal, Senior Financial Correspondent
Posted: 06/17/2008 2:55:23 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15070.html

 

By KAJA WHITEHOUSE

Phil Falcone's Harbinger Capital Partners - the hedge fund that won a battle to land board seats at The New York Times Co. - is expanding its size and presence to capitalize on its newfound clout. Falcone is seeking to use the reputation gained...full story

 

Kynikos’ Chanos: Short Selling Not Easy
FINalternatives - Tuesday June 17, 09:10 BST

 

M&T Bank sues Deutsche Bank, others over CDO losses
Reuters - USA
NEW YORK, June 16 (Reuters) - M&T Bank Corp (MTB.N: Quote, Profile, Research), a large US mid-Atlantic regional bank, has sued Deutsche Bank AG (DBKGn. ...

 

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Yield Curve Corner

 

Who's Hurt by Mortgage-Rate Jump
TheStreet.com - USA
... in rates to inflation concerns expressed by a number of Federal Reserve officials, most notably Chairman Ben Bernanke and Vice Chairman Donald Kohn. ...

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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/DSTafrica169_MT.jpg

 

Floods may bring record insurance payouts on Midwest crops
Flooding in the U.S. Midwest could send ethanol and meat prices soaring. Farmers and insurance experts think losses from this month's storms and flooding could exceed the $15 billion in payouts in 1993. About 77% of the liability on flood insurance claims is privately held, with the rest guaranteed by governments. BusinessWeek (17 Jun.)

 

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Iranian Situation and Other Man Made Disasters

 

 

Iran insists nuclear suspension a 'red line'
AFP via Yahoo! News Tue, 17 Jun 2008 7:23 AM PDT
Iran on Tuesday insisted any demands it should suspend sensitive atomic activities would cross its "red line", days after world powers submitted a new package aimed at ending the nuclear standoff.

 

Pakistan scientist denies selling Iran nuke blueprint
AFP via Yahoo! News Tue, 17 Jun 2008 3:19 AM PDT
Pakistani scientist Abdul Qadeer Khan on Tuesday denied selling blueprints for an advanced nuclear weapon to Iran or North Korea, telling AFP that Western countries were to blame.

 

Iran pulls $75 billion out of Europe
Iran has pulled about $75 billion in assets from Europe rather than risk seeing the money frozen in retaliation for continuing its uranium-enrichment program. Iran is refusing to kill its nuclear ambitions despite Western governments warning of new punitive steps. "Part of Iran's assets in European banks have been converted to gold and shares and another part has been transferred to Asian banks," deputy foreign minister Mohsen Talaie was quoted as telling a moderate Iranian weekly paper. Reuters (16 Jun.)

 

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Opalesque’s Corner

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Misc. Items of Interest

 

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Funnies, Facts, Quotes, etc….

 

verdure VUR-jur, noun:

Green; greenness; freshness of vegetation; as, the verdure of the meadows in June.

 

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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)

HFRX Indices https://www.hedgefundresearch.com/hfrx_reg/index.php?fuse=login&1170880431

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Regulatory Info

 

 

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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.