Archive: 09/19/2007
Main News
Paulson seeks to assuage subprime concerns -- [at FT.com]
By Peggy Hollinger in Paris and agencies FT.com
9/17/2007 4:25:47 PM
By Peggy Hollinger in Paris and agencies FT.com
9/17/2007 4:25:47 PM
Paul B. Farrell: With three blind mice at the helm, it's time to scurry into bonds
By Paul B. Farrell MarketWatch
9/17/2007 6:09:00 PM
By Paul B. Farrell MarketWatch
9/17/2007 6:09:00 PM
What Are The Implications Of Northern Rock's Bailout For Other U.K. Banks?
Following the Sept. 14, intervention of the Bank of England to provide emergency funding to Northern Rock PLC, investors are naturally concerned about the implications for other U.K. banks. We believe Northern Rock's vulnerability lies in its dependence on the wholesale markets. While the banks focused on in this article have higher-than-average dependence on wholesale funding, there is, in our view, no reason to believe that these banks as vulnerable as Northern Rock, as there are important fundamental differences in terms of funding, growth, and earnings prospects.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQWYDYQTVsLgHxhilpuHQJhuV2VR
Following the Sept. 14, intervention of the Bank of England to provide emergency funding to Northern Rock PLC, investors are naturally concerned about the implications for other U.K. banks. We believe Northern Rock's vulnerability lies in its dependence on the wholesale markets. While the banks focused on in this article have higher-than-average dependence on wholesale funding, there is, in our view, no reason to believe that these banks as vulnerable as Northern Rock, as there are important fundamental differences in terms of funding, growth, and earnings prospects.
To learn more, click or copy and paste the URL below:
(subscription required)
http://standardandpoors.rsys1.net/servlet/cc5?kHiQWYDYQTVsLgHxhilpuHQJhuV2VR
GLOBAL - A majority of pension funds have claimed to be unfazed by the ongoing crisis in the US sub-prime mortgage market, according to the results of the latest Global Pensions 100 Panel.
New Info On Sentinel Saga: Founder's Wife Received $11.3Million
Chicago Tribune - Tuesday September 18, 08:59 BST
Chicago Tribune - Tuesday September 18, 08:59 BST
N Korea denies Syria nuclear ties *
North Korea denies allegations it may be helping Syria develop a nuclear weapons facility.
Full story:
http://news.bbc.co.uk/go/em/-/1/hi/world/asia-pacific/7000171.stm
North Korea denies allegations it may be helping Syria develop a nuclear weapons facility.
Full story:
http://news.bbc.co.uk/go/em/-/1/hi/world/asia-pacific/7000171.stm
MONTREAL, Canada (HedgeWorld.com)—The Caisse de dépôt et placement du Quebec sought to tone down fears concerning its third-party asset-backed commercial paper exposure and appealed for calm following a report in the national French language daily La Presse that indicated the Caisse held a substantial amount of all such paper in the Canadian market. ......
Monday , 17 Sep 2007
Foord Asset Management says platinum stocks are a better long term investment, despite the strong gold price.
Foord Asset Management says platinum stocks are a better long term investment, despite the strong gold price.
Monday , 17 Sep 2007
Junior explorer Bannerman Resources (ASX: BMN) has responded positively to a scoping study on its Anomaly A prospect on the Goanikontes uranium project in Namibia, likening the emerging prospect in style and hopeful magnitude to Rio Tinto's big Rössing mine.
Junior explorer Bannerman Resources (ASX: BMN) has responded positively to a scoping study on its Anomaly A prospect on the Goanikontes uranium project in Namibia, likening the emerging prospect in style and hopeful magnitude to Rio Tinto's big Rössing mine.
Whistle-blowing claims versus Nomura rejected -- [at FT.com]
By Nikki Tait FT.com
9/17/2007 8:36:03 PM
By Nikki Tait FT.com
9/17/2007 8:36:03 PM
The quiet before darkness descends on the hedgies -- [at FT Investor]
By John Dizard MarketWatch
9/18/2007 2:16:12 AM
By John Dizard MarketWatch
9/18/2007 2:16:12 AM
Bear Stearns Introduces The Bear Stearns Risk Arbitrage Cash Deal Index-A New Way to Participate in Risk Arbitrage
Source: BusinessWire
Bear, Stearns & Co. Inc. today announced that it recently launched The Bear Stearns Risk Arbitrage Cash Deal Index (Bloomberg: BSEICASH <Index>)-a new way to gain exposure to risk arbitrage deals in the US. The index, created by the Bear Stearns Equity Linked Strategy Team, is composed primarily of the largest US companies by market capitalization that are the targets of definitive, pending all-cash acquisitions. More... <http://www.hedgefund-index.com/newsriskarb.asp>
Source: BusinessWire
Bear, Stearns & Co. Inc. today announced that it recently launched The Bear Stearns Risk Arbitrage Cash Deal Index (Bloomberg: BSEICASH <Index>)-a new way to gain exposure to risk arbitrage deals in the US. The index, created by the Bear Stearns Equity Linked Strategy Team, is composed primarily of the largest US companies by market capitalization that are the targets of definitive, pending all-cash acquisitions. More... <http://www.hedgefund-index.com/newsriskarb.asp>
_________________________________________________________________________
Yield Curve Corner
Kass: Bernanke Can't Bail Us Out
TheStreet.com - USA
The bullish crowd now views Fed Chairman Ben Bernanke as the market's sine qua non, here to come to the aid of a credit crunch, the hemorrhaging mortgage ...
See all stories on this topic
TheStreet.com - USA
The bullish crowd now views Fed Chairman Ben Bernanke as the market's sine qua non, here to come to the aid of a credit crunch, the hemorrhaging mortgage ...
See all stories on this topic
Dollar Declines After Fed Cuts Interest Rate to 4.75 Percent. By Ye Xie. Sept. 18 (Bloomberg) -- The dollar fell to a record low against the euro after the ...
www.bloomberg.com/apps/news?pid=20601087&sid=amHRbQUVUwd8&refer=home - 3 hours ago - Similar pages - Note this
www.bloomberg.com/apps/news?pid=20601087&sid=amHRbQUVUwd8&refer=home - 3 hours ago - Similar pages - Note this
_________________________________________________________________________
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/TRCwipha261_GJ.jpg
Ingrid was quite resilient, but the inhospitable environment of damaging wind shear finally got the best of her.
_________________________________________________________________________
Iranian Situation
Petraeus not seeking military operations in Iran
AFP via Yahoo! News Tue, 18 Sep 2007 11:52 AM PDT
The top US commander in Iraq said Tuesday he had no doubt that Iran was giving "lethal" support to Iraqi militias but that he had not sought to stop it by launching military operations inside Iran.
AFP via Yahoo! News Tue, 18 Sep 2007 11:52 AM PDT
The top US commander in Iraq said Tuesday he had no doubt that Iran was giving "lethal" support to Iraqi militias but that he had not sought to stop it by launching military operations inside Iran.
France backs down on words of war with Iran
USA Today Tue, 18 Sep 2007 9:23 AM PDT
Russian Foreign Minister Sergey Lavrov on Tuesday warned against the use of force in Iran and against unilateral sanctions to punish Tehran for its nuclear program.
USA Today Tue, 18 Sep 2007 9:23 AM PDT
Russian Foreign Minister Sergey Lavrov on Tuesday warned against the use of force in Iran and against unilateral sanctions to punish Tehran for its nuclear program.
IRAN: Adm. William Fallon, U.S. military commander for the Middle
East, is meeting with Gulf nation leaders the week of Sept. 16 to
convince them to counter Iran's rising influence in the region, The
Associated Press reported. Fallon said a "NATO-type alliance"
against Iran is not the goal, but that the United States wants Iran
to see that Gulf nations are united in their response to Iran's
actions.
East, is meeting with Gulf nation leaders the week of Sept. 16 to
convince them to counter Iran's rising influence in the region, The
Associated Press reported. Fallon said a "NATO-type alliance"
against Iran is not the goal, but that the United States wants Iran
to see that Gulf nations are united in their response to Iran's
actions.
_________________________________________________________________________
Opalesque’s Corner
- Citadel takes a step toward going public, hires Goldman`s head of investor relations
- Opalesque Exclusive: From doctor to hedge fund manager: Expert says value-oriented health care investing will come back
- Update: MPC Investors raises $900m for Ajay Gambhir`s new hedge fund
- Orn Capital shuts property derivatives fund
- IndexIQ launches asset management business, brings four hedge fund strategies` replication funds, Bear Stearns quietly launches new approach to hedge fund indexing
- Two hedge FoFs run in mutual fund format get popular beyond advisors, platform could include 100 hedge funds
- F&C launches climate change fund, QIM`s Global Program trounces benchmark in August, Cinnamon eyes fund reopening
- FoF Special: Institutional investors are biggest determinant of future of hedge FoFs, Hedge FoFs: Institutions lead the way, Performance review
- Other Voices: US rejection of Cayman/Chapter 15 may mean it`s time for offshore hedge funds to return to the old principles of the `Ten Commandments`
- Global banks turn to Japan for easy money raising through Samurai bonds
- Credit Suisse/Tremont Hedge Fund Index down 1.53% in August
- Pinnacle Alternative Investments extends GLOBAL MACRO/CTA INVESTOR DATABASE offering to hedge fund managers and CTAs
- Cadogan hires John Trammel as new president, JPMorgan, UBS expand growth teams
- Chicago QWAFAFEW event looks at `Portfolio Management and the Volatility of Volatility Indexes` on September 27
- Moody`s looks at ratings reform, ponders over liquidity and market value risk measures, Commentary - The History and Future of the Rating Agencies
- U.S. insurer Hartford says hedge fund results will fall, $2bln portfolio broadly representative of industry
- Blackstone lowers target as pace of fundraising slows, Commentary: Blackstone`s June IPO was an omen for the equity market
- Levin introduces bill to close Enron loophole and prevent manipulation and excessive speculation in energy markets, says `Amaranth turned market into giant casino where all natural gas buyers and sellers were forced to bet either with or against Amaranth`
- Mutual funds struggling to price bonds draw SEC query
- Sentinel bankruptcy lists $2 billion in assets, hedge funds has largest ($361.4m) claim, Only $50K assets found in phony A.R. hedge fund, service providers may be targeted, SEC fines former Prudential rep for market timing, Norshield loses bid to delay OSC hearing
- Matrix AIMS launches portfolio management and trade planning tool for hedge FoFs, Algorithmics releases enhanced version of operational risk events, IBM and Red Hat launch new algorithmic trading platform
- Carbon emission equity index launched, South African government goes into carbon trading business
- Rival attacks Rapaport`s diamond futures plan
- London steps in to guarantee savings of customers of beleaguered Northern Rock bank, King, BOE face `crisis of confidence` after rescue, Northern Rock still `very valuable`, Northern Rock shares jump as govt calms customer fears, still queues, but shorter
- Florian Homm resigns from Absolute Capital Management
- BlueBay sees opportunities in debt turmoil, assets, performance up
- Rising costs in Dubai possible cause of Forsyth's collapse, Dubai ahead of London in private bankers` pay
- Schroders launches new Middle East fund
- Qatar close to buying LSE stake for $5.6 billion
- CLSA`s Walker: US facing biggest credit crunch ever, India safer than China, Ping An: China`s exposure to subprime crisis limited
- Currency trading Japanese housewives sweat in secret as markets reel, Japan household mutual fund assets up 39% to new high
- Activist News: Bank of America receives Fed Reserve OK for LaSalle buy, RBS trio gets Dutch approval for ABN deal, Hedge funds to run board slate at Lancaster
- News Briefs: BGI wins commodities mandate, Goldman says US prices could surge to $90 due to tight supplies, Credit Suisse spent USD920,000 lobbying US government, Isle of Man funds top $50bln, campaigns to lure hedges, alternatives, Philippine pension fund to award $1 billion mandate
- ...And finally: Man in China dies after three-day internet session
- Logon: http://www.opalesque.com/main.php?act=archive
- Opalesque Exclusive: From doctor to hedge fund manager: Expert says value-oriented health care investing will come back
- Update: MPC Investors raises $900m for Ajay Gambhir`s new hedge fund
- Orn Capital shuts property derivatives fund
- IndexIQ launches asset management business, brings four hedge fund strategies` replication funds, Bear Stearns quietly launches new approach to hedge fund indexing
- Two hedge FoFs run in mutual fund format get popular beyond advisors, platform could include 100 hedge funds
- F&C launches climate change fund, QIM`s Global Program trounces benchmark in August, Cinnamon eyes fund reopening
- FoF Special: Institutional investors are biggest determinant of future of hedge FoFs, Hedge FoFs: Institutions lead the way, Performance review
- Other Voices: US rejection of Cayman/Chapter 15 may mean it`s time for offshore hedge funds to return to the old principles of the `Ten Commandments`
- Global banks turn to Japan for easy money raising through Samurai bonds
- Credit Suisse/Tremont Hedge Fund Index down 1.53% in August
- Pinnacle Alternative Investments extends GLOBAL MACRO/CTA INVESTOR DATABASE offering to hedge fund managers and CTAs
- Cadogan hires John Trammel as new president, JPMorgan, UBS expand growth teams
- Chicago QWAFAFEW event looks at `Portfolio Management and the Volatility of Volatility Indexes` on September 27
- Moody`s looks at ratings reform, ponders over liquidity and market value risk measures, Commentary - The History and Future of the Rating Agencies
- U.S. insurer Hartford says hedge fund results will fall, $2bln portfolio broadly representative of industry
- Blackstone lowers target as pace of fundraising slows, Commentary: Blackstone`s June IPO was an omen for the equity market
- Levin introduces bill to close Enron loophole and prevent manipulation and excessive speculation in energy markets, says `Amaranth turned market into giant casino where all natural gas buyers and sellers were forced to bet either with or against Amaranth`
- Mutual funds struggling to price bonds draw SEC query
- Sentinel bankruptcy lists $2 billion in assets, hedge funds has largest ($361.4m) claim, Only $50K assets found in phony A.R. hedge fund, service providers may be targeted, SEC fines former Prudential rep for market timing, Norshield loses bid to delay OSC hearing
- Matrix AIMS launches portfolio management and trade planning tool for hedge FoFs, Algorithmics releases enhanced version of operational risk events, IBM and Red Hat launch new algorithmic trading platform
- Carbon emission equity index launched, South African government goes into carbon trading business
- Rival attacks Rapaport`s diamond futures plan
- London steps in to guarantee savings of customers of beleaguered Northern Rock bank, King, BOE face `crisis of confidence` after rescue, Northern Rock still `very valuable`, Northern Rock shares jump as govt calms customer fears, still queues, but shorter
- Florian Homm resigns from Absolute Capital Management
- BlueBay sees opportunities in debt turmoil, assets, performance up
- Rising costs in Dubai possible cause of Forsyth's collapse, Dubai ahead of London in private bankers` pay
- Schroders launches new Middle East fund
- Qatar close to buying LSE stake for $5.6 billion
- CLSA`s Walker: US facing biggest credit crunch ever, India safer than China, Ping An: China`s exposure to subprime crisis limited
- Currency trading Japanese housewives sweat in secret as markets reel, Japan household mutual fund assets up 39% to new high
- Activist News: Bank of America receives Fed Reserve OK for LaSalle buy, RBS trio gets Dutch approval for ABN deal, Hedge funds to run board slate at Lancaster
- News Briefs: BGI wins commodities mandate, Goldman says US prices could surge to $90 due to tight supplies, Credit Suisse spent USD920,000 lobbying US government, Isle of Man funds top $50bln, campaigns to lure hedges, alternatives, Philippine pension fund to award $1 billion mandate
- ...And finally: Man in China dies after three-day internet session
- Logon: http://www.opalesque.com/main.php?act=archive
_________________________________________________________________________
Misc. Items of Interest
_____________________________________________________________________
Funnies, Facts, Quotes, etc….
potboiler POT-boi-lur, noun:
A usually inferior literary or artistic work, produced quickly for the purpose of making money.
2001: For the second straight day, Typhoon Nari pounded Taiwan with record rainfalls, causing massive flooding and killing 79 people.
1965: Japanese astronomers Ikeya Kaoru and Seki Tsutomu discovered Comet Ikeya-Seki.
1948: A local communist commander seized power in Madiun, Indonesia, as part of a rebellion effort against the Sukarno government in an incident known as the Madiun Affair.
1932: By royal decree the dual kingdom of the Hejaz and Najd, along with its dependencies, was unified under the name of the Kingdom of Saudi Arabia.
1898: British forces under Sir Horatio Herbert Kitchener confronted French forces commanded by Jean-Baptiste Marchand at the disputed fort of Fashoda in the Egyptian Sudan.
1895: Booker T. Washington declared the Atlanta Compromise—a classic statement on race relations—in a speech at the Atlanta (Georgia) Exposition.
1885: Bulgarian nationalists in Eastern Rumelia mounted a coup and declared the province's unification with Bulgaria, leading to the Serbo-Bulgarian War.
1819: French physicist Jean-Bernard-Léon Foucault, who introduced and helped develop a technique of measuring with extreme accuracy the absolute velocity of light and provided experimental proof that the Earth rotates on its axis, was born.
_________________________________________________________________________
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:
_________________________________________________________________________
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
_________________________________________________________________________
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.
|
| Manage your subscription |