Main News

 

Credit crisis puts heat on liquidity -- [at FT Investor]
By Saskia Scholtes and Michael Mackenzie MarketWatch
7/30/2007 2:41:38 PM

 

 

First German Victim Emerges From Subprime Turmoil
Dealbreaker.com - Tuesday July 31, 07:59 BST

 

Hedge Funds: Marathon plans new fund to buy distressed mortgage assets
By Alistair Barr MarketWatch
7/30/2007 5:44:00 PM

 

Subprime fun sailing away
CNNMoney.com - USA
Hedge fund manager John Devaney looking to sell 142-foot yacht for $23.5 million after bad bet on subprime mortgage assets. NEW YORK (CNNMoney.com) -- A ...
See all stories on this topic

 

Harvard, Aetos may take hit from Sowood losses
By Alistair Barr MarketWatch
7/31/2007 2:09:00 PM

 

Subprime casualties provide feast for canny credit vultures -- [at FT Investor]
By Anuj Gangahar, Paul J David and Gillian Tett MarketWatch
7/31/2007 1:45:25 PM

 

Tougher terms for hedge funds -- [at FT.com]
By Anuj Gangahar in New York FT.com
7/29/2007 12:10:33 PM

 

Another Bear Stearns hedge fund hit by losses in mortgage market
By Alistair Barr MarketWatch
7/31/2007 7:36:00 PM

 

The Dow Jones-AIG Commodity Total Return Index is up six percent so far this year. Leading commodity analysts provided their market outlook for the rest of 2007 yesterday morning at the sixth annual Dow Jones Indexes – AIG Commodities Outlook, hosted by CME Group, a CME/Chicago Board of Trade Company.

Full Story...

Drake International Expands to Sao Paulo, Brazil and Istanbul, Turkey
By BusinessWire
7/30/2007 8:00:11 AM

 

Singapore Hedge Fund Asia Genesis Shifts Some Holdings to Cash
Bloomberg - USA
1 (Bloomberg) -- Asia Genesis Management, a hedge fund based in Singapore that manages about $450 million, said it is shifting some of its holdings to cash ...
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Treasurys Up on Subprime Worries
Forbes - NY,USA
... dealers also noted a newspaper report detailing losses among retail investors in Australia due to the US subprime mortgage problems. ...
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Personal Spending Sputters
Growth in personal consumption slows, along with income and a key inflation figure.
http://email.portfolio.com/cgi-bin5/DM/y/ekqw0LVqxC0L5k0CEoO0EE

 

NEW YORK (HedgeWorld.com)—Hedge funds have played a crucial role in providing liquidity to the leveraged loan market, and their willingness to continue to lend money to corporate borrowers will be critical in keeping those companies afloat over the next couple of years. ......

 

Sonoma Pension Ponders Increases To Alternatives & Equity
Pension & Investments - Tuesday July 31, 08:44 BST

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Yield Curve Corner

 

Insight: Greenspan has left more than a wall of worry to overcome -- [at FT Investor]
By Tim Price, CIO Global Strategies at Union Bancaire Privée, London MarketWatch
7/30/2007 12:31:56 PM

 

Rubin Should Teach Paulson Secret PPT Handshake: Caroline Baum
Bloomberg - USA
By Caroline Baum If that acronym, short for Plunge Protection Team, doesn't immediately conjure up images of government officials and representatives of ...
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UP AND DOWN WALL STREET DAILY  By RANDALL W. FORSYTH
Will Bernanke Bail Out This Credit Meltdown?
The collapse of liquidity recalls the minicrash of 1989, when the UAL buyout financing fell through and the LTCM crisis of 1998. What will the Fed do now?
http://online.barrons.com/article/SB118549254292079642.html?mod=djemBF

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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/TRCusagi212_GJ.jpg

Those who wrote-off 2007 Season just days ago, now rudely awoken for active August-October stretch....

Full Story...

 

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Iranian Situation

 

Bill supports divestment in Iran
AP via Yahoo! News Tue, 31 Jul 2007 12:21 PM PDT
The House voted Tuesday to give legal protections to investors and state and local governments that curtail investments in international corporations doing business in Iran and Sudan.

 

Iran unveils 'world's largest carpet' for UAE mosque
AFP via Yahoo! News Tue, 31 Jul 2007 8:00 AM PDT
Iran on Tuesday unveiled what it said was the world's largest handwoven carpet, worth 5.8 million dollars and larger than a football pitch, to be laid out in a United Arab Emirates mosque.

 

UN inspectors check key Iran nuclear site
AFP via Yahoo! News Tue, 31 Jul 2007 5:26 AM PDT
A group of UN atomic inspectors on Monday visited a heavy water reactor in Iran that is one of the key Western concerns over the Islamic republic's nuclear programme, officials said.

 

Joint Chiefs nominee wary of Iran
UPI Tue, 31 Jul 2007 11:09 AM PDT
U.S. Joint Chiefs chairman-nominee Adm. Michael Mullen told his confirmation hearing Tuesday he is increasingly perturbed about Iran.

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Avian Flu

 

Avian influenza  (Epidemic and Pandemic Alert and Response (EPR))
Avian influenza (Western Pacific Region)
Influenza and avian influenza (European Region)

Avian influenza (Fact Sheet)

Q&A: Avian influenza: am I at risk?

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Plansponsor.com

 

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Opalesque’s Corner

 

- AQR delays plans to file with SEC
- CACEIS to acquire fund administrator Olympia Capital International
- Swiss fund seeks fund of hedge funds
- Citadel takes over Sowood Capital`s credit holdings,  Sowood loses more than $1 billion in July, Sowood Dear Investor letter: Funds down 57% and 53% in June, to unwind funds
- Subprime woes take their toll in Germany, state owned KFW comes to rescue, Corporate bond risk soars as subprime mortgage losses spread
- Stock strategists view sell-off as bargain sale: BofA`s McManus ups allocation to stocks, cuts bonds, keeps cash,  Aberdeen says beaten-down property stocks attractive
- Marathon plans new fund to buy distressed mortgage assets,  UBS to launch active trading strategy for commodities, Canadian shop announces IPO for 130/30 Equity Fund, Metropolitan opens best ideas fund to outside capital
- Scottish pension looks for emerging markets manager
- Opalesque Exclusive:  Emerging market hedge fund leader to launch leveraged sister fund, `One of the few funds that have a big presence in Africa`, The joys of frontier investing
- Opalesque Exclusive: Wolf`s Sopa Piranha Market Commentaries on Ethanol
- Parker FX index up 1.41% in June to historical high, Top Performer: Stark Quantitative Investments Currency Fund up 8.26%
- Hennessee Group veterans join forces with Barbarian Films
- DE Shaw hires BONY`s general counsel, Carne adds two consultants to European funds team
- Democrats lose zeal for raising hedge-fund tax, `unintended consequences`, In opposing tax plan, Schumer breaks with party
- Ex-Simons employees say Renaissance Technologies pursued illegal trades
- Veteran hedge fund manager hit with $76m fine for defrauding investors in his fund set up in 1969 with the help of his crooked sister at Bear
- Man boss `was warned of failings` at Philadelphia Alternative Asset Management (PAAM)
- SPhinX liquidators point to DPM Mellon
- Amaranth turns to lobbying powerhouse
- Path cleared for Portus payouts, however $530m in SG notes still out of reach
- China to launch Nasdaq-style exchange in 2008
- Merrill Lynch  tracks 40 companies believed to benefit from reduced CO2 emissions
- IOSCO publishes comments received on the consultation report `Principles For The Valuation
Of Hedge Fund Portfolios`
- Colombia`s economic expansion continues
- Future structure of Templeton in question
- Nikko raises $77m for retail hedge FoF
- Morningstar Japan launches hedge fund information service
- Activist News: Institutional investors team up to push shareholder activism into mainstream
- News Briefs:  Insurer Max Capital Group thrives on gains of alternatives portfolio,  Horizon signs up Altis for cash management,  Daiwa examines Japan-based shariah ETF
- ...And finally: After sending Dow to record high of 14,022 last week, group of meditators promise their good vibrations will push index past 17,000 within a year
- Logon: http://www.opalesque.com/main.php?act=archive

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Misc. Items of Interest

 

Monday , 30 Jul 2007
A decade after Bre-X Busang was revealed to be the biggest hoax of modern times, an Ontario Court will render a verdict on charges involving former Chief Geologist John Felderhof.

 

Birthday Bashes That Take the Cake
For Parents in India, a Chance to Display Generosity, Affluence
(By Emily Wax, The Washington Post)

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Funnies, Facts, Quotes, etc….

 

stasis STAY-sis; STAS-is, noun;
plural stases STAY-seez; STAS-eez:

1. A state of balance, equilibrium, or stagnation.
2. Stoppage of the normal flow of a bodily fluid or semifluid.

 

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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.