Archive: 09/04/2008
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News
Credit
FAQ: What Could Change Our 'AAA' Credit Rating On The U.S. Government?<http://now.eloqua.com/e/er.aspx?s=795&lid=6967&elq=408FB94F5ACE41DFB4E010304D07B574
Wealth
Funds Adopt Draft Guidelines for Investment
By: Reuters
Posted: 09/03/2008 3:24:20 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=dail&story=dail15238.html
Anthony
Renshaw, Axioma director of applied research, reports on market turnover and
how it relates to market stress.
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Axioma
CEO Sebastián Ceria discusses Axioma's new risk models and the realities of
today's markets. |
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Goldman
Hedgie Schadenfreude
FT Alphaville - Wednesday September 03, 07:57 BST
The
Second Cold War and Corporate Security. September 3, 2008 | 1958 GMT. Graphic
for Terrorism Intelligence Report. By Fred Burton and Scott Stewart ...
Ukraine:
The Pro-Western Coalition Fractures. September 3, 2008 | 1624 GMT. Ukrainian
President Viktor Yushchenko speaking. SERGEI SUPINSKY/AFP/Getty Images ...
Sep
3, 2008 ... OPPOSITION LEADERS WARN THAT RUSSIA FACES INTERNATIONAL ISOLATION
By Jonas Bernstein. Leading members of Russia’s marginalized liberal ...
russiaprofile.org/page.php?pageid=CDI+Russia+Profile+List&articleid=a1220454647
- 49k - 7
The
America Price | by Terry Tamminen
Commentators have coined a term that is being hotly
debated in business, political, and social settings
these days -- the "China Price."
http://trax.fastcompany.com/k/w/mailman/fasttake/20080903/america_price
After
Ospraie, More Hedge Fund Closures Look Likely
By: Reuters
Posted: 09/03/2008 12:43:41 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=peop&story=peop3581.html
Russia:
Russia Will Comply With Energy Contracts
September 3, 2008 1436 GMT
Russian Foreign Minister Sergei Lavrov on Sept. 3 said Russia will comply with
the energy...
http://www.stratfor.com/sitrep/russia_russia_will_comply_energy_contracts
Hedge
Funds: Touradji rebounds as Anderson's Ospraie fund dives
Market Watch Wed, 03 Sep 2008 3:33 PM PDT
SAN FRANCISCO (MarketWatch) - While slumping commodities felled the main hedge
fund of Dwight Anderson's Ospraie Management LLC, another leading trader in
these markets has rebounded in recent months after warning of impending trouble
earlier this year.
Citadel
flagship hedge fund down 6%
Ken Griffin's biggest fund at Citadel Investments is down 6% this year, its
worst performance in 14 years, as the $1.9 trillion (?1.3 trillion) hedge fund
industry battles growing redemptions. (The Wall Street Journal)
http://mail.efnmail.co.uk/r/393769/MTk4MTI1OjE4NTE4/
Spouse
Charged In Hedge Fund Fraud
FINalternatives - Wednesday September 03, 09:26 BST
Posted:
02 Sep 2008 04:40 PM CDT
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Yield
Curve Corner
Fed:
Slow growth, still-high prices hit economy
The Associated Press -
Fed Chairman Ben Bernanke and his colleagues are all but certain to leave a key
interest rate alone at 2 percent when they meet next on Sept. ...
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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/TRChannaike247_G12.jpg
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Iranian
Situation and Other Man Made Disasters
Syria
pledges to help France solve Iran dispute
Reuters via Yahoo! News Wed, 03 Sep 2008 12:23 PM PDT
Syrian President Bashar al-Assad said on Wednesday any attack on Iran would be
a disaster and pledged to help find a peaceful solution to the nuclear dispute
between the West and Tehran.
Woman
tried for sale of goggles to Iran
UPI Wed, 03 Sep 2008 11:29 AM PDT
FORT LAUDERDALE, Fla., Sept. 3 (UPI) -- A Florida federal trial is under way of
a woman who allegedly conspired to supply U.S. military night-vision goggles to
Iran.
GCC
says Iran not invited to summit
UPI Wed, 03 Sep 2008 7:28 AM PDT
JEDDAH, Saudi Arabia, Sept. 3 (UPI) -- While the Gulf states want to strengthen
ties with Iran, the Gulf Cooperation Council hasn't invited Iranian officials
to its next summit, officials said.
Saudi
Arabia: A 'Failed Coup' and Iranian Interests. September 3, 2008 | 1912 GMT.
Saudi Crown Prince Sultan bin Abdel-Aziz and King Abdullah ...
Iranian
Parliament Delays Vote on Bill That Upset Judiciary,
Women's
Activists
Top
Iranian conservative takes Ahmadinejad to task over economi... The remarks by
Ali Akbar Nateq Nouri, published Sunday, came just a week after supreme ...
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Opalesque’s
Corner
- Opalesque
Exclusive: Castlestone launching UCITS compliant version of offshore Aliquot
Agriculture Fund
- Closures - Ospraie fund to close after 27 percent August skid
- Opalesque Exclusive: JP Morgan secures former Bear Stearns risk management
platform Measurisk, tracker of 1000 funds offers opportunity for product
synergy with new home
- Performance - Citadel flagship hedge fund down 6%, Hedge funds suffer worst
returns for 18 years
- $1bln hedge fund Platinum to open Asian offices in Singapore
- People - DE Shaw taps former Lehman exec Richard McKinney to lead asset
backed securities unit, Former Hite Capital COO joins Schonfeld as Director of
Business Development, Venus signs Up Ex-Fortis bank exec Tajinder Singh, Coast
Asset Management hires Heidi Walker Pfabe as international marketing chief, RBC
Capital hires 11 former Bear Stearns bankers to service institutional hedge
fund clients, MF Global Appoints former Newedge Group risk chief Michael
Roseman as Global Chief Risk Officer, Dubai Mercantile Exchange Confirms
Appointment of Thomas Leaver as CEO of Exchange
- Activist investor Guy Wyser-Pratte watches 300k disappear from JP Morgan via
theft, bank says it will cover 50k of loss
- Indices - CASAM Indices for July: CTAs down worst in July, but up most YTD,
in hedge funds L/S Asia fared worst
- Sarasin & Partners is positioned somewhere between a Mayfair hedge fund
boutique and the asset management arm of a big City group
- RAB Hedge fund manager Philip Richards in reverse takeover deal
- How J.P. Morgan steered clear of the credit crunch, fleeing the booming
subprime business in 2006
- Credit Crunch - Merrill Lynch sees share price dive as other major banks
rise; Oppenheimer's Whitney rates Merrill `underperform`
- Regulatory - Swiss Banking Commission to require UBS, Credit Suisse to hold
more capital in reserve following subprime losses
- Legal - WexTrust owner`s wife added to list of defendants, Update: SEC, SIFMA
in battle over SEC authority to enforce interest rate swap transactions in case
involving Alabama county on brink of largest municipal bond default in US
history
- Exchanges - LSE cuts tariffs on algorithm trades to compete with rival
Turquoise, Osaka Securities Exchange is seeking to link to CME Group and other
derivatives markets
- United States - When are management fees deductible?, US Republican party
formally includes wording `we do not support government bailouts of private
institutions` in party platform
- Europe - EU suspends Russian trade talks, but shies away from tougher
sanctions, Russia`s President says 5 principles will guide foreign policy, not
a new cold war but defense of national interests, Romania and Ukraine dispute
in World Court, 100bln cubic meters of natural gas and oil reserves at stake
- Middle East - Muslim Investors avoiding non-Shariah-stocks during Ramadan
- Asia - SocGen to merge Japan and Hong Kong hedge fund sales units, Balance of
power in resource rich Laos could tilt in China`s favor, not Vietnam`s
- Emerging and Frontier Markets - Dutch shop Mango Capital eyes changes in
frontier markets, Colombia becomes third country in Latin America to allow
derivatives trading, Thai PM declares state of emergency
- Art Investing - Sotheby`s auction of Hirst works is crucial to art-market
confidence, below expectations could signal a wider art market in decline
- Commodities - Nymex declares force majeure On Aug, Sep natural gas contracts,
Oil prices at five month low, could be short as Iran tries to persuade OPEC to
cut production, Drought in Australia food bowl worsens
- SWFs - Sovereign wealth funds agree to set of guiding principles
- Activist Investing - Atticus and TCI push for change at Deutsche Boerse,
Atticus places stake in Deutsche Borse into side pocket to keep safe from
redemptions and boost negotiating strength
- News Briefs - Third Party Marketers Association announces launch of health
insurance program, Abu Dhabi will back up to eight films in Hollywood,
Bollywood over next five years,Schering-Plough and Merck`s drug Vytorin may
raise cancer rate by 50%
- ...And finally: Skydiver loses consciousness and falls 4,500 feet, suffers
only minor bruises, should probably play the lottery very soon
- Logon: http://www.opalesque.com/index.php?act=archive
_________________________________________________________________________
Misc.
Items of Interest
_____________________________________________________________________
Funnies,
Facts, Quotes, etc….
glower
GLAU-uhr, intransitive verb:
1.
To look or stare angrily or with a scowl.
2. An angry or scowling look or stare.
_________________________________________________________________________
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)
_________________________________________________________________________
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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