Archive: 08/03/2007
Main News
Arden Among Investors In Failed Hedge Fund Sowood
Reuters - Thursday August 02, 07:46 BST
Reuters - Thursday August 02, 07:46 BST
SocGen Says Has Low Exposure To Current Credit Crisis
Reuters - Thursday August 02, 08:39
Reuters - Thursday August 02, 08:39
Violent swings in the credit markets have meant pressure has increased for accounting tricks
NEW YORK (HedgeWorld.com)—Hedge fund firms Tudor Investment Corp. and Caxton Associates LLC are the latest to be hit by the current market shift, at least in July. ......
BNP Paribas net soars 20% despite sub-prime woes
BNP Paribas posted a strong quarterly net profit on Wednesday as it dodged US sub-prime-mortgage woes, while accelerating expansion around the Mediterranean rim to offset slow growth at home. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/310128/MTk4MTI1OjE0Njk4/
BNP Paribas posted a strong quarterly net profit on Wednesday as it dodged US sub-prime-mortgage woes, while accelerating expansion around the Mediterranean rim to offset slow growth at home. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/310128/MTk4MTI1OjE0Njk4/
US/ UK - The Massachusetts state pension system reportedly lost US$30m following the collapse of hedge fund Sowood Capital Management LP last month. The state pension system is believed to have lost the money through funds allocated to fund of hedge funds manager, Arden Asset Management.
Soros' Son Exits As Hedge Honcho
The Star - Thursday August 02, 08:35 BST
The Star - Thursday August 02, 08:35 BST
Credit Markets Leave Banks Saddled With £250bn of Debt
Times Online - Thursday August 02, 08:26 BST
Times Online - Thursday August 02, 08:26 BST
Wednesday , 01 Aug 2007
The global platinum stock sector takes a pasting, with some developers down by as much as 50%.
The global platinum stock sector takes a pasting, with some developers down by as much as 50%.
Second Homes Within the City Sprout Uptown and Downtown
BY AMANDA GORDON - Staff Reporter of the Sun
Robert Cochran, 57, and his wife, Suzanne, 58, have lived in their five-bedroom apartment at 1000 Park Ave. for 17 years. It's where they've raised three children and it is full of memories — and room for their children's friends to crash when they...
BY AMANDA GORDON - Staff Reporter of the Sun
Robert Cochran, 57, and his wife, Suzanne, 58, have lived in their five-bedroom apartment at 1000 Park Ave. for 17 years. It's where they've raised three children and it is full of memories — and room for their children's friends to crash when they...
DEVANEY CAPSIZED BY BONDS: http://www.nypost.com/seven/08022007/business/devaney_capsized_by_bonds_business_roddy_boyd.htm
By RODDY BOYD
A Miami-based hedge fund titan with a taste for the high life is getting a harsh lesson in humility as his fund racks up losses in the bond-market rout. United Capital Markets Asset Management's Horizon ABS funds - already forced to restrict investor withdrawals due to trading bets gone
By RODDY BOYD
A Miami-based hedge fund titan with a taste for the high life is getting a harsh lesson in humility as his fund racks up losses in the bond-market rout. United Capital Markets Asset Management's Horizon ABS funds - already forced to restrict investor withdrawals due to trading bets gone
BUSINESS BRIEFS: http://www.nypost.com/seven/08022007/business/business_briefs_business_.htm
AP, Bloomberg, Reuters, N.Y. Post
Bear suedBear Stearns Cos. has been sued for allegedly misleading investors about its exposure to subprime mortgages, CNBC television re ported yesterday. The lawsuit, the first to be filed against Bear related to the collapse of two of its hedge funds, was brought by law firm Za...
AP, Bloomberg, Reuters, N.Y. Post
Bear suedBear Stearns Cos. has been sued for allegedly misleading investors about its exposure to subprime mortgages, CNBC television re ported yesterday. The lawsuit, the first to be filed against Bear related to the collapse of two of its hedge funds, was brought by law firm Za...
Carlyle Hires IPO-savvy CFO
The selection of Peter Nachtwey suggests that Carlyle will soon join Blackstone in the quest for public capital.
The selection of Peter Nachtwey suggests that Carlyle will soon join Blackstone in the quest for public capital.
The Guru's Corner: Commentary: The downside of private equity deals
By Mathew Emmert Dividend Gambit
8/1/2007 10:59:00 AM
By Mathew Emmert Dividend Gambit
8/1/2007 10:59:00 AM
Liquidity alarm bells sound -- [at FT Investor]
By Paul J Davies, Gillian Tett, Joanna Chung and Stacy-Marie Ishmael MarketWatch
8/1/2007 4:00:29 PM
By Paul J Davies, Gillian Tett, Joanna Chung and Stacy-Marie Ishmael MarketWatch
8/1/2007 4:00:29 PM
THE STRIKING PRICE DAILY By STEVEN M. SEARS
The Vig Is in the Volatility
Options trading amid rising volatility has traders buying and selling calls as the Standard & Poor's 500 index struggles to push past resistance at 1490.
http://online.barrons.com/article/SB118591842459383881.html?mod=djemBF
The Vig Is in the Volatility
Options trading amid rising volatility has traders buying and selling calls as the Standard & Poor's 500 index struggles to push past resistance at 1490.
http://online.barrons.com/article/SB118591842459383881.html?mod=djemBF
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Yield Curve Corner
Bear Stearns halts payout on 3rd fund
Los Angeles Times - CA,USA
Federal Reserve Chairman Ben S. Bernanke on Tuesday filed a financial disclosure report showing that he held stock and bond funds and a retirement annuity, ...
See all stories on this topic
Los Angeles Times - CA,USA
Federal Reserve Chairman Ben S. Bernanke on Tuesday filed a financial disclosure report showing that he held stock and bond funds and a retirement annuity, ...
See all stories on this topic
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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/FSHSusnw214_MO.jpg
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Iranian Situation
Avian Flu
Avian influenza (Epidemic and Pandemic Alert and Response (EPR))
Avian influenza (Western Pacific Region)
Influenza and avian influenza (European Region)
Avian influenza (Western Pacific Region)
Influenza and avian influenza (European Region)
Avian influenza (Fact Sheet)
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Plansponsor.com
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Opalesque’s Corner
- HK`s Value Partners plans to raise $300m in IPO
- Opalesque Exclusive: Elite Denver consulting firm Monticello Associates has clients invested in Sowood, Opalesque Exclusive: FrontPoint Multi Strategy Fund has best of 41 months since inception, Massachusetts state pension lost $30m in Sowood, Arden among investors in failed hedge fund Sowood, Highland Capital Management LP benefits from shorting subprime, not linked to loss-making Highland Financial Holdings, Taiwan Life books NT$428m loss in H1 on Bear Stearns investment, Tudor Raptor fund fell 9% in July; Caxton`s Global lost 3%, Caxton says cutting exposure, in margin call, Cayman liquidator places two Bear Stearns hedge funds in bankruptcy, Arbitration claim, not lawsuit, filed vs Bear Stearns
- Funds of funds hope for gains as investors reel from sub-prime collapse, losses will take at least another 18 months to appear, Sobering lessons of the Bear Stearns losses, Comment: What went wrong in the sub prime mortgage market - key risk takers in the market (CDO investors) were too far from origination process, how to fix this, U.S. Treasuries rise as subprime, hedge-fund losses fuel demand , IMF`s Lipsky says market turmoil `not unsettling`, Asia faces challenges as U.S. loan rout spreads
- Hedge funds face bitter differences about value, Incomplete corporate credit deals double in a fortnight, reaching $400bln on bank`s balance sheets
- Dorset joins currency trend, High-yielding currencies could face daily swings of up to 5% next few weeks
- Ermitage launches L/S FoF
- Battle over ban on hedge fund ads hots up, Goldstein ruling imminent
- U.S. Senate`s Dodd sees private equity tax hearing, Background: Democrats new wariness on PE taxation extends beyond what was depicted in Tuesday`s Wall Street Journal
- Hedge funds go crazy over new Dutch investment vehicle VBI
- New research explores whether 130/30 is actually `optimal`
- Tough job: Alternative investment firm equity analyst
- Report says prime brokers need to accept the fact that fund managers now require multiple prime brokerage relationships, new keys to success
- Robert Soros steps down as CIO of Soros Fund, Jules Staniewicz takes a hike from John Henry, Lehman`s Casari joins Magnetar, Conifer Securities hires Director for hedge fund review team, Jim Schetakis joins Manulive unit as Vice President of Tactical Asset Allocation Portfolios, Fortis launches Commodity Derivatives operations in New York and expands London team, Nine new analysts join Quantitative Services Group LLC, Nikko AM appoints Soo Nam Ng as Chief Investment Officer of Singapore subsidiary
- Marathon Petroleum in $1m CFTC settlement for attempted crude oil manipulation
- Opalesque Exclusive: Hedge funds in Spain (Part 2) - a manager of long-only absolute return funds talks about the regulatory and fiscal environment, announces launch of offshore hedge fund
- Nasdaq backs proposed LSE-Borsa Italiana deal
- Connecticut Hedge Fund Association to host Charity Polo, Second U.K. Hedge Funds Care benefit set for Oct. 3rd
- Bye bye Tokyo: Singapore FX trading grows 68%
- News Briefs: Almost half of U.S. households unable to maintain current living standards?even if they work to age 65, GCC markets begin to make compelling investment case<
- ...And finally: Companies set up Red Zone police to end 60-plus-hour weeks, fight burn out and in some cases, rescue from suicide
- Logon: http://www.opalesque.com/main.php?act=archive
- Opalesque Exclusive: Elite Denver consulting firm Monticello Associates has clients invested in Sowood, Opalesque Exclusive: FrontPoint Multi Strategy Fund has best of 41 months since inception, Massachusetts state pension lost $30m in Sowood, Arden among investors in failed hedge fund Sowood, Highland Capital Management LP benefits from shorting subprime, not linked to loss-making Highland Financial Holdings, Taiwan Life books NT$428m loss in H1 on Bear Stearns investment, Tudor Raptor fund fell 9% in July; Caxton`s Global lost 3%, Caxton says cutting exposure, in margin call, Cayman liquidator places two Bear Stearns hedge funds in bankruptcy, Arbitration claim, not lawsuit, filed vs Bear Stearns
- Funds of funds hope for gains as investors reel from sub-prime collapse, losses will take at least another 18 months to appear, Sobering lessons of the Bear Stearns losses, Comment: What went wrong in the sub prime mortgage market - key risk takers in the market (CDO investors) were too far from origination process, how to fix this, U.S. Treasuries rise as subprime, hedge-fund losses fuel demand , IMF`s Lipsky says market turmoil `not unsettling`, Asia faces challenges as U.S. loan rout spreads
- Hedge funds face bitter differences about value, Incomplete corporate credit deals double in a fortnight, reaching $400bln on bank`s balance sheets
- Dorset joins currency trend, High-yielding currencies could face daily swings of up to 5% next few weeks
- Ermitage launches L/S FoF
- Battle over ban on hedge fund ads hots up, Goldstein ruling imminent
- U.S. Senate`s Dodd sees private equity tax hearing, Background: Democrats new wariness on PE taxation extends beyond what was depicted in Tuesday`s Wall Street Journal
- Hedge funds go crazy over new Dutch investment vehicle VBI
- New research explores whether 130/30 is actually `optimal`
- Tough job: Alternative investment firm equity analyst
- Report says prime brokers need to accept the fact that fund managers now require multiple prime brokerage relationships, new keys to success
- Robert Soros steps down as CIO of Soros Fund, Jules Staniewicz takes a hike from John Henry, Lehman`s Casari joins Magnetar, Conifer Securities hires Director for hedge fund review team, Jim Schetakis joins Manulive unit as Vice President of Tactical Asset Allocation Portfolios, Fortis launches Commodity Derivatives operations in New York and expands London team, Nine new analysts join Quantitative Services Group LLC, Nikko AM appoints Soo Nam Ng as Chief Investment Officer of Singapore subsidiary
- Marathon Petroleum in $1m CFTC settlement for attempted crude oil manipulation
- Opalesque Exclusive: Hedge funds in Spain (Part 2) - a manager of long-only absolute return funds talks about the regulatory and fiscal environment, announces launch of offshore hedge fund
- Nasdaq backs proposed LSE-Borsa Italiana deal
- Connecticut Hedge Fund Association to host Charity Polo, Second U.K. Hedge Funds Care benefit set for Oct. 3rd
- Bye bye Tokyo: Singapore FX trading grows 68%
- News Briefs: Almost half of U.S. households unable to maintain current living standards?even if they work to age 65, GCC markets begin to make compelling investment case<
- ...And finally: Companies set up Red Zone police to end 60-plus-hour weeks, fight burn out and in some cases, rescue from suicide
- Logon: http://www.opalesque.com/main.php?act=archive
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Misc. Items of Interest
A family member asked Terri Cullen to cosign a loan. She explains why that can be dangerous, and how she handled the difficult job of saying no.
http://online.wsj.com/article/0,,fiscally_fit,00.html?mod=djemfiscallyfit
http://online.wsj.com/article/0,,fiscally_fit,00.html?mod=djemfiscallyfit
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Funnies, Facts, Quotes, etc….
brackish BRAK-ish, adjective:
1. Somewhat salty.
2. Distasteful; unpalatable.
2. Distasteful; unpalatable.
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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
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