Archive: 09/22/2008
Main News
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By Sunando Roy
September 16, 2008 1 AM
Paulson's Rally: Turning Point for the Market?Special Report: Where to Put Your Money Now -- Experts are encouraged by the government's bailout plan, despite the cost.
http://sbk.online.barrons.com/article/SB122187633234459563.html?mod=djemWR
http://sbk.online.barrons.com/article/SB122187633234459563.html?mod=djemWR
Secretive hedge funds under scrutiny over UK banking speculation
Marshall Wace, Moore Capital, Jabre Capital Partners and Harbinger Capital have come under scrutiny in a growing controversy regarding the speculators who made millions from the UK banking turmoil. (The Times)
http://mail.efnmail.co.uk/r/398542/MTk4MTI1OjE4NzA5/
Marshall Wace, Moore Capital, Jabre Capital Partners and Harbinger Capital have come under scrutiny in a growing controversy regarding the speculators who made millions from the UK banking turmoil. (The Times)
http://mail.efnmail.co.uk/r/398542/MTk4MTI1OjE4NzA5/
By MICHAEL GRAY
The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post. Had the Treasury and Fed not quickly stepped into the fray that morning with a quick $105 billion injection of liquidity, the Dow...full story
Global Market Brief: The Biggest Piece of the Plan. September 19, 2008 | 1705 GMT. Global Market Brief - Stock. Details have yet to be fully released ...
Bad News for Bears
Dan Burrows
The SEC's short-selling ban mauled prudent investors who tried to hedge bets.
http://www.smartmoney.com/t.cfm?pId=7&mID=746&mDt=09/19/2008&ui=1157312&ctu=%2Firritable%2Dinvestor%2Findex%2Ecfm%3Fstory%3DSEC%2DShort%2DSelling%2DBan%2DMauls%2DPrudent%2DHedgers
Dan Burrows
The SEC's short-selling ban mauled prudent investors who tried to hedge bets.
http://www.smartmoney.com/t.cfm?pId=7&mID=746&mDt=09/19/2008&ui=1157312&ctu=%2Firritable%2Dinvestor%2Findex%2Ecfm%3Fstory%3DSEC%2DShort%2DSelling%2DBan%2DMauls%2DPrudent%2DHedgers
Strong Push for an RTC-Type Solution to the Crisis
The Pain of Deleveraging Will Be Deep and WideAN INTERVIEW WITH FELIX ZULAUF: A bleak long-term view on stocks.
http://sbk.online.barrons.com/article/SB122186337603558457.html?mod=djemWR
http://sbk.online.barrons.com/article/SB122186337603558457.html?mod=djemWR
By KAJA WHITEHOUSE
The Securities and Exchange Commission's temporary ban on short-selling took down the good with the bad. Several groups yesterday said they took a beating as a result of the ban, which forbids short-selling of 799 financial stocks. Among...full story
By Sunando Roy
September 16, 2008 2 AM
Sep 19, 2008 ... [How to Save the Financial System] David Klein. The Securities and Exchange Commission and bank regulators must act immediately to suspend ...
Bright Side of a Total Financial Market Collapse: Michael Lewis One of life's rules is that there's bad in good and good in bad. The total collapse of the U.S. financial system is no exception. Even in the midst of the current financial despair we can look around and identify many collateral benefits.
Where Are the Big Hedge Fund Failures? by David Enke
Financial Crisis and Short-Selling by Sramana Mitra
Hedge Funds May Have Gone Too Far by Trader Mark
Hedge Fund Tracking: Moore Capital Management's 13F Filing by Market Folly
Making Sense of the Brokerage Bust by Fred Wilson
America was facing the mother of fiscal time bombs before this week. Now, it faces another.
http://online.wsj.com/article/SB122185389859457919.html?mod=djemheard
http://online.wsj.com/article/SB122185389859457919.html?mod=djemheard
SEC Considers Revising Shorting Ban in Options Market (Update1)
By JOHN CRUDELE
Dear John: I'm a single guy with no children with a little over $200,000 in Washington Mutual (a bank that everyone seems to think is troubled.) Should I put it in another bank I am earning 4 percent in a money market account but could get 3.75...full story
British hedge funds to sue over short-sale ban: report
MarketWatch - USA
By Michael Kitchen, MarketWatch NEW YORK (MarketWatch) -- A group of the world's biggest hedge funds are planning to sue the UK's Financial Services ...
MarketWatch - USA
By Michael Kitchen, MarketWatch NEW YORK (MarketWatch) -- A group of the world's biggest hedge funds are planning to sue the UK's Financial Services ...
Crisis management
Financial Times Sun, 21 Sep 2008 1:58 PM PDT
Anger is a potent force. Right now, there is no shortage of it. The short-selling City “spivs” – read hedge fund managers – who profited from sharp falls in the share prices of banks have become public hate figures almost overnight.
Financial Times Sun, 21 Sep 2008 1:58 PM PDT
Anger is a potent force. Right now, there is no shortage of it. The short-selling City “spivs” – read hedge fund managers – who profited from sharp falls in the share prices of banks have become public hate figures almost overnight.
Australia blows up the hedge funds
Business Spectator - Melbourne,Victoria,Australia
The global hedge fund industry will effectively be shut down overnight. The business of securities lending will also shut down. ...
Business Spectator - Melbourne,Victoria,Australia
The global hedge fund industry will effectively be shut down overnight. The business of securities lending will also shut down. ...
SEC Forces Hedge Funds to Swear Oath in Probe of Manipulation
Bloomberg - USA
The SEC issued a series of emergency measures, rules and warnings to hedge funds this week as lawmakers including Senate Banking Committee Chairman ...
Bloomberg - USA
The SEC issued a series of emergency measures, rules and warnings to hedge funds this week as lawmakers including Senate Banking Committee Chairman ...
Hedge Funds Adjust Their Trading Models
Wall Street Journal - USA
By JENNY STRASBURG and CRAIG KARMIN Hedge-fund managers woke up Friday to a negative surprise. The government's ban on short sales of 799 financial stocks ...
Wall Street Journal - USA
By JENNY STRASBURG and CRAIG KARMIN Hedge-fund managers woke up Friday to a negative surprise. The government's ban on short sales of 799 financial stocks ...
Russia: Stock Trading Resumes -- Under Putin's Watch. September 19, 2008 | 2132 GMT. The interior of the Russian Trading System Stock Exchange ...
Dealing With Financial Crisis: The United States vs. Russia
September 19, 2008 1058 GMT
Global economic volatility has highlighted the differences between the U.S. and Russian markets, and those differences are paving the way to the next major upheaval in Russia.
http://www.stratfor.com/analysis/20080918_dealing_financial_crisis_united_states_vs_russia
September 19, 2008 1058 GMT
Global economic volatility has highlighted the differences between the U.S. and Russian markets, and those differences are paving the way to the next major upheaval in Russia.
http://www.stratfor.com/analysis/20080918_dealing_financial_crisis_united_states_vs_russia
In Canada, A Decade Of Free Spending Comes To An End<http://now.eloqua.com/e/er.aspx?s=795&lid=7632&elq=4FBA02F386B449009559E024D1164C28>
Science unveils hidden drivers of
stock bubbles and crashes
PhysOrg.com Sep. 19, 2008
*************************
Primitive emotions, herd mentality
and raging hormones are among the
invisible motors that help inflate
an stock bubble and then prick it --
not rational decisions --
psychologists have found....
http://www.kurzweilai.net/email/newsRedirect.html?newsID=9420&m=29780
stock bubbles and crashes
PhysOrg.com Sep. 19, 2008
*************************
Primitive emotions, herd mentality
and raging hormones are among the
invisible motors that help inflate
an stock bubble and then prick it --
not rational decisions --
psychologists have found....
http://www.kurzweilai.net/email/newsRedirect.html?newsID=9420&m=29780
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Yield Curve Corner
Attention fixes firmly on US stability plans
Financial Times - London,England,UK
Ben Bernanke, chairman of the Federal Reserve, and Hank Paulson, Treasury secretary, will provide testimony to Congress this week and should put flesh on ...
Financial Times - London,England,UK
Ben Bernanke, chairman of the Federal Reserve, and Hank Paulson, Treasury secretary, will provide testimony to Congress this week and should put flesh on ...
Do Paulson and Bernanke Doom McCain's November Chances?
Huffington Post - New York,NY,USA
For the last year, Paulson and Bernanke have been Fumble and Bumble. They won't strike at the roots of the problem - indeed, one could almost say the two ...
Huffington Post - New York,NY,USA
For the last year, Paulson and Bernanke have been Fumble and Bumble. They won't strike at the roots of the problem - indeed, one could almost say the two ...
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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/FSHSsouthwest259_G11.jpg
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Iranian Situation and Other Man Made Disasters
Sep 22, 2008 ... In his Friday sermon in at the main weekly prayer congregation in Tehran on Sept 19, Iranian Supreme Leader Ayatollah Ali Khamenei told ...
Iran warns against attack on nuclear facilities
AP via Yahoo! News Sun, 21 Sep 2008 6:25 AM PDT
Hard-line President Mahmoud Ahmadinejad said Sunday that Iran's military will "break the hand" of anyone targeting his country's nuclear facilities.
AP via Yahoo! News Sun, 21 Sep 2008 6:25 AM PDT
Hard-line President Mahmoud Ahmadinejad said Sunday that Iran's military will "break the hand" of anyone targeting his country's nuclear facilities.
Crackdown threatens hedge margins
Financial Times Sat, 20 Sep 2008 7:57 AM PDT
Hedge fund managers were bracing themselves on Friday for hard times ahead while licking their wounds as the result of the global crackdown on short-selling.
Financial Times Sat, 20 Sep 2008 7:57 AM PDT
Hedge fund managers were bracing themselves on Friday for hard times ahead while licking their wounds as the result of the global crackdown on short-selling.
Iran replaces governor of central bank: official
AFP via Yahoo! News Sat, 20 Sep 2008 3:06 PM PDT
The president of Iran's central bank has been replaced after inflation rose more than 27 percent in the year that he held the office, a senior government official told AFP on Saturday.
AFP via Yahoo! News Sat, 20 Sep 2008 3:06 PM PDT
The president of Iran's central bank has been replaced after inflation rose more than 27 percent in the year that he held the office, a senior government official told AFP on Saturday.
IRAN SO FAR ...
New York Post Sun, 21 Sep 2008 2:02 AM PDT
Sen. Hillary Clinton has declined to show up at the demonstration planned in front of the United Nations ("Sarah Joins Hill in Quitting Iran Rally," Sept 19). This demonstration is meant to protest Iran's nuclear policies and the appearance of...
New York Post Sun, 21 Sep 2008 2:02 AM PDT
Sen. Hillary Clinton has declined to show up at the demonstration planned in front of the United Nations ("Sarah Joins Hill in Quitting Iran Rally," Sept 19). This demonstration is meant to protest Iran's nuclear policies and the appearance of...
Human Rights Watch Wants Ahmadinejad Held Accountable for Iran Rights Crisis
Payvand Iran News Sun, 21 Sep 2008 10:41 AM PDT
Under the administration of President Mahmoud Ahmadinejad, basic human rights protection in Iran has deteriorated to new lows, Human Rights Watch and the International Campaign for Human Rights in Iran said in a briefing paper released today.
Payvand Iran News Sun, 21 Sep 2008 10:41 AM PDT
Under the administration of President Mahmoud Ahmadinejad, basic human rights protection in Iran has deteriorated to new lows, Human Rights Watch and the International Campaign for Human Rights in Iran said in a briefing paper released today.
Russia rejects new measures against Iran
AFP via Yahoo! News Sat, 20 Sep 2008 7:51 AM PDT
Russia said Saturday it had rejected US proposals for new UN Security Council measures against Iran over its suspect nuclear programme amid deteriorating ties between Moscow and Washington.
AFP via Yahoo! News Sat, 20 Sep 2008 7:51 AM PDT
Russia said Saturday it had rejected US proposals for new UN Security Council measures against Iran over its suspect nuclear programme amid deteriorating ties between Moscow and Washington.
Iran: General Killed During Clash With Rebels
September 19, 2008 1513 GMT
Four members of the Iranian security forces including Brigadier General Mohammad Sar-Golzaie and...
http://www.stratfor.com/sitrep/20080919_iran_general_killed_during_clash_rebels
September 19, 2008 1513 GMT
Four members of the Iranian security forces including Brigadier General Mohammad Sar-Golzaie and...
http://www.stratfor.com/sitrep/20080919_iran_general_killed_during_clash_rebels
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Opalesque’s Corner
- Opalesque Exclusive: Roubini says it is going to get uglier, Eugene A. Ludwig: 100 more banks to fail, BMO Financial Group: Hedge funds could be next crisis victim
- Russia - Opalesque Exclusive: Timely examination of macro context at Russia and CIS hedge funds conference, Russian rescue package expands to $120bln, Russia bans short-selling, pledges $20bn boost
- Launches - Ex-Citigroup MD Jonathan Litt starts hedge fund, Amiri Capital`s sharia hedge fund delayed by Lehman fall, team seeks new prime broker
- Performance - Opalesque Exclusive: Creststreet Global Energy Opportunities Fund -10.54% in August, 35.80% YTD, Opalesque Exclusive: Porcupine Global Macro Plus +1.42% in August, +13.55% YTD, Meriwether fund falters, Ramius internal HF succeeds
- Opalesque Exclusive: Systematic macro hedge fund Altea Global One fund transfers to Luxembourg SICAV-SIF structure, 10.4% YTD
- Opalesque Exclusive: For Potomac Portfolios, global managed futures and FX strategies become save haven
- HFR: 1H-2008 saw 350 HF liquidations (up 15%), less than 500 launches, 2Q-2008 saw 180 liquidations, 240 launches
- Indices - EDHEC Alternative Indexes: all strategies down in August except for Merger Arbitrage (0.65%), HFN: Pockets of positive returns support hedge funds in August, Barclay CTA Index up 0.11%, managed futures hold ground in August, Morningstar to calculate and distribute hedge fund indices using MSCI Barra methodology
- In role reversal, traditional investments now giving hedge funds a headache
- Hedge Funds in Credit Crunch - European hedge funds have had a bad week due to AIG bailout and Lehman collapse, Hedge funds shift away from Morgan Stanley, Goldman Sachs to operations housed in large commercial banks, Morgan Stanley loses hedge-fund clients on stock drop, BNP Paribas getting `flood` of new hedge fund clients
- Comment - Alternatives remain in good shape but it is too soon to know whether permanent capital vehicles are more than just a trend
- Legal - CFTC revokes Beacon Rock Capital`s registration over fraudulent market timing, NY probes for illegal short-selling in financials, focus on AIG and Lehman
- Regulatory News on Short-Selling - Short selling financials banned by UK FSA last night in effort to shore up financial system, FSA statement on short positions in financial stocks, As short-selling is banned to protect Britain`s banks, Gordon Rayner names the men who have made millions from the financial crisis, AIMA speaks out against calls for short selling ban on financials, SEC plans to temporarily ban short-selling, no word on which stocks will be included, MFA`s Baker criticizes SEC short sale rule, New short-selling rules could boost ETFs, bearish funds may get lift as SEC cracks down on abusive short selling, Data Explorers: SEC short selling clampdown in July had reverse effect, Comment: The case of the exploding heads
- Institutions - London Croydon issues FoHF tender, NY joins NJ pensions in bid to starve short sellers, CalPERS halts lending of Goldman Sachs, Morgan Stanley, State Street and Wachovia stocks, Texas pension funds asked not to loan shares for short sales
- Comment - `Greater transparency` is the mantra of the ignorant
- Credit Crunch Update - Lloyds rescues HBOS in $22bln deal sanctioned by UK PM Brown, Five banks exploring WaMu records, Citigroup unlikely to proceed with WaMu deal, Fed announces $180bln cash flood to fight crisis, Banks borrow average of $48bln from Fed as crisis mounts, distrustful of lending to each other, Agreement to create giant US government-sponsored vehicle to take on toxic assets in financial system looks possible, Primary Mortgage Market Survey: US mortgage 30-year fixed rates fall for fifth straight week, Volatility rules in markets, Luxembourg PM says EU `will not imitate US` in fighting the financial crisis, Moody`s increases projections for mortgage losses to 22%
- Morgan Stanley Update - Morgan Stanley in talks to sell stake of CIC, Morgan Stanley is said to press for merger with Wachovia
- AIG Update - Paulson chooses Edward Liddy to dismantle AIG, AIG orderly exit from U.S. grains heartens traders, AIG`s booted CEO Willumstad walks away with $7m after 3 months of leadership, AIG Investments announces allocation to Blue Continental Micro Finance Bank
- Lehman Update - For Asian hedge funds, Lehman`s bankruptcy is most damaging event of week, Lehman futures customers are left stranded, Freddie Mac discloses $1.2bln Lehman exposure, Berlin inquiry to look into state sponsored bank which transferred hundreds of millions of euros to Lehman before bankruptcy
- Universal banks set to dominate investment banking following mergers
- Risk Management - Survey says better risk management would have lessened credit crisis, Sunguard market perspective paper
- People - Opalesque Exclusive: Diversus Investment Advisors opens Hong Kong office and appoints Vincent Pun as Principal, JPMorgan stops trading with Cidatel over hiring, Kiitos hires ex-Cantillon manager, PCG Asset Management hires ex-HF trader Gregg Wurster, Dean of Harvard Business School joins Blackstone`s Board of Directors, Mark Shafir, who helped sell Lehman, joins Citigroup
- Other Voices: Gibraltar hedge fund industry has staked claim as hedge fund center, open for business
- Asia - HSBC quits $6bln Korean bank deal, Bank of China buys 20% stake of LCF Rothschild, Korea finally receives developed status from FTSE, Taiwan left behind
- Australasia - Australia to slap interim ban on naked short-sells, Macquarie, Babcock shares plunge further, Sydney fund manager sentenced 7 years in jail
- Environmental Investing - Climate Exchange trading soars, CEO optimistic, UK Government steps up call for nuclear power
- Commodities - Read Opalesque`s free daily commodities publication, the Opalesque Commodities Briefings, US House approves anti-speculation measures in commodities markets, MFA and lobbyists send letter expressing disagreement with anti speculation measures approved by US House, over reduced liquidity issues, Oil rises as investors eye US financial turmoil, Gold price rises 10% as investors flee to safety, Energy trading heavyweight Morgan Stanley withdraws from Platts oil window over credit status concerns
- Book review - `The World is Curved` by David Smick: financial disaster lurks around the corner
- Activist Investing - CFOs look to new report to fight `hedge fund bullies`
- Events - London Junto and UK Harvard club present `The Remarkable Rise of Africa: The Final Investment Frontier`, 7th October
- News Briefs - Global Custodian Magazine awards Kaufman Rossin Fund Services top hedge fund administrator award for peer group, Dow Jones to replace AIG on DJIA with Kraft Foods, refrains from adding financial stock because of unsettled conditions, DJIA underweight in financials, Buffett`s MidAmerican to buy Constellation Energy Group for $4.7bln, State Street shares plunge, midday low of -42%, Putnam closes $12bln money market fund, India Infoline to launch offshore asset management
- And Finally. Very early warning: 1792 Farmer`s Almanac predicted global cooling, 2009 edition sticks to its guns
- Logon: http://www.opalesque.com/index.php?act=archive
- Russia - Opalesque Exclusive: Timely examination of macro context at Russia and CIS hedge funds conference, Russian rescue package expands to $120bln, Russia bans short-selling, pledges $20bn boost
- Launches - Ex-Citigroup MD Jonathan Litt starts hedge fund, Amiri Capital`s sharia hedge fund delayed by Lehman fall, team seeks new prime broker
- Performance - Opalesque Exclusive: Creststreet Global Energy Opportunities Fund -10.54% in August, 35.80% YTD, Opalesque Exclusive: Porcupine Global Macro Plus +1.42% in August, +13.55% YTD, Meriwether fund falters, Ramius internal HF succeeds
- Opalesque Exclusive: Systematic macro hedge fund Altea Global One fund transfers to Luxembourg SICAV-SIF structure, 10.4% YTD
- Opalesque Exclusive: For Potomac Portfolios, global managed futures and FX strategies become save haven
- HFR: 1H-2008 saw 350 HF liquidations (up 15%), less than 500 launches, 2Q-2008 saw 180 liquidations, 240 launches
- Indices - EDHEC Alternative Indexes: all strategies down in August except for Merger Arbitrage (0.65%), HFN: Pockets of positive returns support hedge funds in August, Barclay CTA Index up 0.11%, managed futures hold ground in August, Morningstar to calculate and distribute hedge fund indices using MSCI Barra methodology
- In role reversal, traditional investments now giving hedge funds a headache
- Hedge Funds in Credit Crunch - European hedge funds have had a bad week due to AIG bailout and Lehman collapse, Hedge funds shift away from Morgan Stanley, Goldman Sachs to operations housed in large commercial banks, Morgan Stanley loses hedge-fund clients on stock drop, BNP Paribas getting `flood` of new hedge fund clients
- Comment - Alternatives remain in good shape but it is too soon to know whether permanent capital vehicles are more than just a trend
- Legal - CFTC revokes Beacon Rock Capital`s registration over fraudulent market timing, NY probes for illegal short-selling in financials, focus on AIG and Lehman
- Regulatory News on Short-Selling - Short selling financials banned by UK FSA last night in effort to shore up financial system, FSA statement on short positions in financial stocks, As short-selling is banned to protect Britain`s banks, Gordon Rayner names the men who have made millions from the financial crisis, AIMA speaks out against calls for short selling ban on financials, SEC plans to temporarily ban short-selling, no word on which stocks will be included, MFA`s Baker criticizes SEC short sale rule, New short-selling rules could boost ETFs, bearish funds may get lift as SEC cracks down on abusive short selling, Data Explorers: SEC short selling clampdown in July had reverse effect, Comment: The case of the exploding heads
- Institutions - London Croydon issues FoHF tender, NY joins NJ pensions in bid to starve short sellers, CalPERS halts lending of Goldman Sachs, Morgan Stanley, State Street and Wachovia stocks, Texas pension funds asked not to loan shares for short sales
- Comment - `Greater transparency` is the mantra of the ignorant
- Credit Crunch Update - Lloyds rescues HBOS in $22bln deal sanctioned by UK PM Brown, Five banks exploring WaMu records, Citigroup unlikely to proceed with WaMu deal, Fed announces $180bln cash flood to fight crisis, Banks borrow average of $48bln from Fed as crisis mounts, distrustful of lending to each other, Agreement to create giant US government-sponsored vehicle to take on toxic assets in financial system looks possible, Primary Mortgage Market Survey: US mortgage 30-year fixed rates fall for fifth straight week, Volatility rules in markets, Luxembourg PM says EU `will not imitate US` in fighting the financial crisis, Moody`s increases projections for mortgage losses to 22%
- Morgan Stanley Update - Morgan Stanley in talks to sell stake of CIC, Morgan Stanley is said to press for merger with Wachovia
- AIG Update - Paulson chooses Edward Liddy to dismantle AIG, AIG orderly exit from U.S. grains heartens traders, AIG`s booted CEO Willumstad walks away with $7m after 3 months of leadership, AIG Investments announces allocation to Blue Continental Micro Finance Bank
- Lehman Update - For Asian hedge funds, Lehman`s bankruptcy is most damaging event of week, Lehman futures customers are left stranded, Freddie Mac discloses $1.2bln Lehman exposure, Berlin inquiry to look into state sponsored bank which transferred hundreds of millions of euros to Lehman before bankruptcy
- Universal banks set to dominate investment banking following mergers
- Risk Management - Survey says better risk management would have lessened credit crisis, Sunguard market perspective paper
- People - Opalesque Exclusive: Diversus Investment Advisors opens Hong Kong office and appoints Vincent Pun as Principal, JPMorgan stops trading with Cidatel over hiring, Kiitos hires ex-Cantillon manager, PCG Asset Management hires ex-HF trader Gregg Wurster, Dean of Harvard Business School joins Blackstone`s Board of Directors, Mark Shafir, who helped sell Lehman, joins Citigroup
- Other Voices: Gibraltar hedge fund industry has staked claim as hedge fund center, open for business
- Asia - HSBC quits $6bln Korean bank deal, Bank of China buys 20% stake of LCF Rothschild, Korea finally receives developed status from FTSE, Taiwan left behind
- Australasia - Australia to slap interim ban on naked short-sells, Macquarie, Babcock shares plunge further, Sydney fund manager sentenced 7 years in jail
- Environmental Investing - Climate Exchange trading soars, CEO optimistic, UK Government steps up call for nuclear power
- Commodities - Read Opalesque`s free daily commodities publication, the Opalesque Commodities Briefings, US House approves anti-speculation measures in commodities markets, MFA and lobbyists send letter expressing disagreement with anti speculation measures approved by US House, over reduced liquidity issues, Oil rises as investors eye US financial turmoil, Gold price rises 10% as investors flee to safety, Energy trading heavyweight Morgan Stanley withdraws from Platts oil window over credit status concerns
- Book review - `The World is Curved` by David Smick: financial disaster lurks around the corner
- Activist Investing - CFOs look to new report to fight `hedge fund bullies`
- Events - London Junto and UK Harvard club present `The Remarkable Rise of Africa: The Final Investment Frontier`, 7th October
- News Briefs - Global Custodian Magazine awards Kaufman Rossin Fund Services top hedge fund administrator award for peer group, Dow Jones to replace AIG on DJIA with Kraft Foods, refrains from adding financial stock because of unsettled conditions, DJIA underweight in financials, Buffett`s MidAmerican to buy Constellation Energy Group for $4.7bln, State Street shares plunge, midday low of -42%, Putnam closes $12bln money market fund, India Infoline to launch offshore asset management
- And Finally. Very early warning: 1792 Farmer`s Almanac predicted global cooling, 2009 edition sticks to its guns
- 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….
beneficence uh-NEFF-i-suhns, noun:
1. The practice of doing good; active goodness, kindness, or charity.
2. A charitable gift or act.
2. A charitable gift or act.
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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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