Main News

 

Treasury Secretary Henry Paulson called for an aggressive response to deal with the U.S. housing crisis, which he called "the most significant current risk to our economy." In the Bush administration's most detailed reaction to the housing slump, Paulson said the government and financial industry should provide immediate help for homeowners trying to refinance current mortgages before they reset at much higher rates. He also said policy makers should consider developing a uniform national licensing and monitoring system for mortgage brokers.
For more information, see: http://wsj.com/article/0,,SB119254743128760627,00.html?mod=djemalert

 

THE OPPORTUNITY IN ASSET MANAGEMENT IN CHINA
The country's asset-management market will grow by 24 percent annually
for the next ten years, but the multinational companies attempting to
serve it face vastly increased competition.
http://e.mckinseyquarterly.com/W9RT014FC050F32CE4E19365152250

 

China's $200 Billion Fund to Buy Strategic Stakes (Update1). By Zhang Dingmin. Enlarge Image/Details. Oct. 16 (Bloomberg) -- China Investment Corp., ...
www.bloomberg.com/apps/news?pid=20601080&sid=asmnrRYepG2Q&refer=asia - 15 hours ago - Similar pages - Note this

 

 

Paul B. Farrell: War, terror, catastrophe: profiting from 'Disaster Capitalism'
By Paul B. Farrell MarketWatch
10/15/2007 7:10:00 PM

 

Racy Fortress Chief
The Herald - Tuesday October 16, 09:42 BST

 

'Dark Pools' Threaten Wall Street
BY LIZ PEEK - Special to the Sun
One of the fastest moving trends on Wall Street has flown under the radar of individual investors and, seemingly, the Securities and Exchange Commission: the rapid rise of "dark pools" stock trading arenas. As the name suggests, dark pools lack...

 

Monday , 15 Oct 2007
Gold has jumped through the $750 level with little resistance and seems set to carry on on its upward run as the dollar continues on its downward path.

 

China Citic Bank eyes Bear Stearns stake
China Citic Bank is hoping to buy a stake in Bear Stearns, a senior Chinese official said on Tuesday.  (Financial Times)
http://mail2.efnmail.co.uk/r/319795/MTk4MTI1OjE1Mzcw/

 

The Basel/IOSCO Agreement reached in July 2005 (The Application of Basel II to Trading Activities and the Treatment of Double Default Effects), contained several improvements to the capital regime for trading book positions.

Full Story...

 

US – The Teachers’ Retirement System of the State of Illinois (TRS) earned a bumper 19.6% on its investments during the fiscal year ended 30 June 2007.

 

UK - John Lewis Partnership Pension Trust Limited has awarded a £150m global equities mandate to Schroders’ Global Active Value fund.

by Christopher Holt

Baseball stars turn to hedge funds
International Herald Tribune - France
He said he was not familiar with the details of the hedge fund. Jaime Torres, an agent for Contreras, declined to comment. Agents for the two other players ...
See all stories on this topic

 

BlueMountain launches structured credit hedge fund
Financial News Online US - London,UK
BlueMountain Capital Management has launched a hedge fund tied to structured corporate credit markets even as analysts fret that market conditions could ...
See all stories on this topic

 

Hedge funds find trend is their friend -- [at FT.com]
By John Authers FT.com
10/15/2007 5:40:18 AM

 

You probably don't know the name Scott Jones, but chances are his life has touched yours. Checked your voicemail lately? You've got Jones to thank.

 

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Yield Curve Corner

 

by SA Editor Eli Hoffmann

 

Ben Bernanke, the chairman of the Federal Reserve, says he sees signs of stability in the markets but that housing will be a "significant drag" on the economy through early next year. Read More

 

Treasury Chief Moves to Stabilize Markets; Bernanke Is Troubled by ...
New York Times - United States
The Treasury's move coincided with a gloomy assessment of both the mortgage and housing markets by Ben S. Bernanke, chairman of the Federal Reserve. ...
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/VSHbezymianny289_MO.jpg

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Iranian Situation

 

Putin Warns US Against Attacking Iran
Time Magazine Tue, 16 Oct 2007 11:32 AM PDT
Russian leader Vladimir Putin met his Iranian counterpart Tuesday and implicitly warned the U.S. not to use a former Soviet republic to stage an attack on Iran

 

McCain, Giuliani May Use Force in Iran
Time Magazine Tue, 16 Oct 2007 11:02 AM PDT
Republicans Rudy Giuliani and John McCain said Tuesday they would be prepared as president to use military force against Iran to prevent it from getting nuclear weapons

 

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Opalesque’s Corner

 

- Opalesque Exclusive: Hedge fund IPOs - expert says IPOs better than being bought out: what happened to the manager who sold 60% to a financial institution</b><br>
- Update: Speculations on Julius Baer to list NY fund management business or GAM
- Update: Gottex to raise global profile with $2bn IPO,  windfall for founding Gottschalk family
- Opalesque Exclusive: Fortis event - FoFs still rocking
- CS Tremont Hedge Fund Index up 2.71% in September,  9.93% YTD, RBC Hedge 250 Index returned 1.87% in September, YTD 6.66%, Managed futures swing up in September, Barclay CTA Index gains 3.76%
- Opalesque Exclusive: Real Return Asian Fund celebrates third anniversary with 5% September return, 80.51% total return since inception
- Banks` Super Fund helps ease markets, but leaves investors wondering about massive size, bank shares fall, Top Wall Street banks haggle over rescue plan for SIVs ,  Comment: Banks get burned again and again by cheap funding, Europe sidelined in U.S. credit crunch fund plan
- Opalesque Exclusive: HiProb US System launches new CTA with Brazilian flavour,  BlueMountain launches structured credit hedge fund, Matrix launches hedge FoFs for UK advisor market, Swedish Simplicity to launch market neutral hedge fund
- Are women traders more on top of their game? Poll,  Trader says he was told to take pills to make him feminine
- 35+ South Florida Hedge Fund Managers form regional alliance
- Hedge Funds Care Cayman third fundraiser Nov. 17th boasts 10-time Grammy winners, Hedge Funds Care Canada event Nov. 8th Toronto
- Offshore centres learn to adapt to changes in tax laws, how to choose a tax haven
- OpHedge Investment Services continues growth, administers now $25bln alternative assets
- State of Alaska branches out $200m into timber, Julius Baer and Macquarie launch joint infrastructure fund
- Renewables, clean tech grow exponentially, over 4% of a venture capitalists` portfolios, Virgin Atlantic 747 to test biofuel in early 2008
- Goldman Sachs in `paper profits` row, were Q3 figures inflated by inflated mortgage paper gains?
- $1bln new money helps BlueBay surf squeeze
- Cambridge Place joins hedge fund moves to bar investor withdrawals
- Four Questions that will allow you to do some Due Diligence over the Phone
- Citic eyeing stake in Bear Stearns
- Hedge fund manager John Whittier (Wood River Capital) gets 3 years in fraud case,  SEC charges NY hedge fund and managing director Cary Brody over illegal trades in 18 IPOs, Pittsburgh fund manager Mark Lay scapegoat or manipulator, liar?
- New Hurdle for Absolute Capital restructurings: Investor in two funds files for their liquidation
- From uranium to barges, hedge funds covet all, Hedge funds upbeat on Russian gas sector in anticipation of restructuring
- Virgin `100%` confident over Northern Rock
- Funds call for emerging market credit index
- China`s $200bln fund to buy strategic stakes, may get more reserves for investment
- Macquarie chief hits back at critics over leverage
- News Briefs: Accredited gets $100m infusion from new parent, Hundreds of ETFs may not come to market as seed capital dries up, spreads could widen, Mifid deadline spurs bidding war for experts, Europeans pay far more mutual fund fees, Dubai commercial rents rise threefold in two years
- ...And finally: Gossip more powerful than truth: People give money to others based on what they hear through the grapevine even if they have evidence to the contrary (Well, that explains a lot!)
- Logon: http://www.opalesque.com/main.php?act=archive

 

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Misc. Items of Interest

 

The Future
Edited by David M. Ewalt and Michael Noer
Can anyone predict what's coming next? Should we even try? Dozens of experts consider the crystal ball.

 

Napster relaunches with Web-enabled platform
October 16, 2007 01:11 AM ET
NEW YORK (Reuters) - Napster Inc, the digital music service,
said on Tuesday it plans to attract more customers by moving
to a Web-based platform allowing users to play their music from
any computer without having to download any additional software.
http://links.reuters.com/r/SCXS8/BQ6HA/O4INZ/6ZS0U/1YX15/YT/t

 

Most complete new giant dinosaur found in Patagonia
October 15, 2007 10:20 PM ET
RIO DE JANEIRO (Reuters) - Brazilian and Argentine paleontologists
have discovered the largely complete fossil of a new species
of giant dinosaur that roamed what is now northern Patagonia
about 80 million years ago.
http://links.reuters.com/r/SCXS8/BQ6HA/O4INZ/6ZS0U/YX53A/YT/t

 

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Funnies, Facts, Quotes, etc….

 

quotidian kwoh-TID-ee-uhn, adjective:

1. Occurring or returning daily; as, a quotidian fever.
2. Of an everyday character; ordinary; commonplace.

Napster relaunches with Web-enabled platform

October 16, 2007 01:11 AM ET

NEW YORK (Reuters) - Napster Inc, the digital music service,

said on Tuesday it plans to attract more customers by moving

to a Web-based platform allowing users to play their music from

any computer without having to download any additional software.

http://links.reuters.com/r/SCXS8/BQ6HA/O4INZ/6ZS0U/1YX15/YT/t

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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.