Archive: 04/25/2008
Main News
Global Market Brief: The Geopolitical Importance of Commodities. April 24, 2008 | 2119 GMT. Global Market Brief - Stock. Commodities are the mother of all ...
www.stratfor.com/analysis/global_market_brief_geopolitical_importance_commodities
www.stratfor.com/analysis/global_market_brief_geopolitical_importance_commodities
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China: Putting a Stock Increase in Context. April 24, 2008 | 2022 GMT. Chinese investor. China Photos/Getty Images. A Chinese investor views a stock index ... |
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Japan: A New Beef Between Asia and the United States. April 24, 2008 | 1852 GMT. Japanese Shoppers Look At U.S. Beef. Koichi Kamoshida/Getty Images ... |
Former Schottenfeld Group trader Paul Berliner's rumor that Blackstone Group would renegotiate its offer for Alliance Data Systems sent ADS shares plummeting.
AP3 sceptical about hedge fund replicators
http://www.ipe.com/news/AP3_sceptical_about_hedge_fund_replicators__27792.php
http://www.ipe.com/news/AP3_sceptical_about_hedge_fund_replicators__27792.php
Market Turmoil Hits Alaska Fund
The Alaska Permanent Fund lost 4.6% during the first quarter as its assets dipped to $37.3 billion from $37.8 billion on January 1.
The Alaska Permanent Fund lost 4.6% during the first quarter as its assets dipped to $37.3 billion from $37.8 billion on January 1.
20-Year-Old Hedgie Preps Global Macro/Stat. Arb Hedge Fund
FINalternatives - New York,NY,USA
You’re probably familiar with Tim Sykes, the 26-year-old hedge fund manager named as one of the industry's most promising young stars by Trader Monthly two ...
FINalternatives - New York,NY,USA
You’re probably familiar with Tim Sykes, the 26-year-old hedge fund manager named as one of the industry's most promising young stars by Trader Monthly two ...
Calpers Chief Investment Officer Russell Read Resigns (Update5)
Bloomberg - USA
In January, Christianna Wood, who ran the system's global equity department for five years, left to become chief executive officer of the hedge fund Capital ...
Bloomberg - USA
In January, Christianna Wood, who ran the system's global equity department for five years, left to become chief executive officer of the hedge fund Capital ...
Defaults of subprime-related credit vehicles mount
Defaults of credit vehicles based on subprime mortgages have risen from $54 billion at the beginning of this year to a current total of $170 billion, according to Total Securitization. The mounting defaults in the U.S. housing market have hindered the collateralized debt obligation market. Ambac recently reported more than $3 billion of mortgage-related charges. Financial Times (23 Apr.)
Defaults of credit vehicles based on subprime mortgages have risen from $54 billion at the beginning of this year to a current total of $170 billion, according to Total Securitization. The mounting defaults in the U.S. housing market have hindered the collateralized debt obligation market. Ambac recently reported more than $3 billion of mortgage-related charges. Financial Times (23 Apr.)
Israel: Rumors of War, Rumors of Peace
April 24, 2008 1219 GMT
There’s talk of a possible peace deal between Israel and Syria over the Golan Heights. Stratfor explores the questions of why such a peace deal, which would formally end their 1973 war, could make sense now — and how Iran is involved.
http://www.stratfor.com/podcast/israel_rumors_war_rumors_peace
April 24, 2008 1219 GMT
There’s talk of a possible peace deal between Israel and Syria over the Golan Heights. Stratfor explores the questions of why such a peace deal, which would formally end their 1973 war, could make sense now — and how Iran is involved.
http://www.stratfor.com/podcast/israel_rumors_war_rumors_peace
Placing the Terrorist Threat to the Food Supply in Perspective
April 22, 2008 2158 GMT
An attack against the food supply is unlikely to create a significant death toll, but the panic such an attack may evoke can cause repercussions that are far greater than the death toll itself.
http://www.stratfor.com/weekly/terrorism_weekly_april_22
April 22, 2008 2158 GMT
An attack against the food supply is unlikely to create a significant death toll, but the panic such an attack may evoke can cause repercussions that are far greater than the death toll itself.
http://www.stratfor.com/weekly/terrorism_weekly_april_22
WALL STREET DAILY By RANDALL W. FORSYTH
VIX Marks the Spot -- For Treasuries The stock market's fear gauge is a leading indicator for Treasuries.
http://online.barrons.com/article/SB120890345500436157.html?mod=djemBF
VIX Marks the Spot -- For Treasuries The stock market's fear gauge is a leading indicator for Treasuries.
http://online.barrons.com/article/SB120890345500436157.html?mod=djemBF
More than half of short-term acute-care hospitals in the United States are technically insolvent or at risk of insolvency, according to a recent analysis conducted by Alvarez & Marsal Healthcare Industry Group.
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Yield Curve Corner
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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/FSHSargentina115_MO.jpg
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Iranian Situation and Other Man Made Disasters
Iran nuclear ambitions are major Gulf threat: NATO
Reuters via Yahoo! News Thu, 24 Apr 2008 8:31 AM PDT
NATO's secretary-general told Gulf Arab states on Thursday that Iran's nuclear ambitions were a major threat to regional stability.
Reuters via Yahoo! News Thu, 24 Apr 2008 8:31 AM PDT
NATO's secretary-general told Gulf Arab states on Thursday that Iran's nuclear ambitions were a major threat to regional stability.
Iran Expelled from Defense Show
Time Magazine Thu, 24 Apr 2008 3:26 AM PDT
Iran has been kicked out of an international defense show in Malaysia for exhibiting missile equipment in violation of U.N. rules
Time Magazine Thu, 24 Apr 2008 3:26 AM PDT
Iran has been kicked out of an international defense show in Malaysia for exhibiting missile equipment in violation of U.N. rules
Iran to Discuss Alleged Studies of Atomic Arms
New York Times Wed, 23 Apr 2008 6:26 PM PDT
Iran is said to have agreed to answer contentions stemming from American and other intelligence reports that it studied how to design nuclear weapons.
New York Times Wed, 23 Apr 2008 6:26 PM PDT
Iran is said to have agreed to answer contentions stemming from American and other intelligence reports that it studied how to design nuclear weapons.
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Iraq: The Al-Sadrite Distancing From Iran. April 23, 2008 | 2117 GMT. Iraqi Soldiers Under a Poster of Muqtada al-Sadr. ESSAM AL-SUDANI/AFP/Getty Images ... |
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Opalesque’s Corner
- Editor's Note
- Opalesque Exclusive: Russia Special: Oldest Russian hedge funds now focuses on fundamentals unlikely to be affected by crisis, Russia exposed to financial markets-contagion but economy is taking off, Western banks are building a presence in Russia, although raising funds is now difficult for the whole system, Emerging economies are the engines of growth
- Opalesque Exclusive: India: Anew attempt to manage risk in the volatile India markets, India prepares for slowdown
- M&A: Opalesque Exclusive: Infiniti Group staff complete management buyout, Seligman`s $1bln technology hedge fund could change hands this year
- Stakes: Goldman`s Petershill fund buys multi-million stake in London hedge fund Trafalgar
- Listings: BlackRock Absolute Return Strategies raises $275m and begins trading on London Stock Exchange
- Fund Launches: BNY Mellon A.M. to launch global macro absolute return fund, Fidelity unit launches global market neutral fund, Former Tribeca director set to launch media/telecomm fund, Goldman Sachs and Redwood vets follow distressed route, 20-year-old preps global macro/statistical arb hedge fund, New Italian hedge fund to focus on Euro area investments
- Fund Performance: Opalesque Exclusive: Friedberg Global Macro Hedge Fund returns -1.04% in March but +16.42% in QI2008, Criterion Water Infrastructure Currency Hedged Fund lost 9.8% in 2007, down 11.1% YTD
- Assets: Opalesque Exclusive: Eden Rock's asset based lending fund hits $100m after no down months
- Indices: Credit Suisse/Tremont rebalances investable indices: Funds in and out, UBS to start freight futures index
- GLG Update: AMF to initiate investigation into GLG`s trades
- Trends: Banks are learning in-house hedge fund not necessarily way to profits, standalone hedge funds get second chance, Disconnect between money markets and credit, equity markets may dampen recovery, CDS market points to receding fears
- Credit Crunch Update: Ambac may need more capital after reporting loss, analysts say, Ambac: Deteriorating bonds could be a sign of fraud, Ambac makes Bill Ackman`s day, Merrill said to be laying off energy traders and back-office staff, Credit Suisse Group reports net loss of CHF 2.1bln (US$2.05bln) in Q1 2008, UBS investors give Kurer, other execs a year to prove themselves, Money management holding company feels pain after clients pulled money out, Subprime mortgage litigation reaches record levels in the Q1 2008
- People: Citadel hires JP Morgan banker to run US fixed income, Niederhoffer CM makes senior strategy and business development hire, Former Barclays finance chief joins UK FSA to help regulate banks
- MFA chief says US industry should co-operate with overseas regulators
- Institutions: CalPERS CIO Russell Read to step down, PIMCO invests in corporate bonds as spreads near historic highs
- Commodities: Opalesque Exclusive: Timber fund announces further capital raising of up to $1.6bln, proposes migration to London Stock Exchange, India commodities regulator considering ban on hedge funds, FIA urges Indian government to drop proposed tax on commodity futures transactions, US commodities: gold slides as dollar climbs; grains mixed, CFTC Forum discusses speculative money in commodities, Winning the commodities race: the current cycle is one of the greatest transfers of wealth in recent history, says Investec, Managed futures investing moves from sidelines to spotlight
- Environmental Trading: ECX to launch Kyoto carbon credit options May 16
- 130/30: Sentry to launch 130/30 mining fund
- Europe: AXA opens FoHFs to investors following 3-year development process, Northern Rock shareholders lodge GBP2bln (US$3.95bln) compensation claim
- Africa: The regulatory landscape for hedge funds in South Africa
- Asia: Opalesque Exclusive: Opalesque publishes Singapore Hedge Fund Manager Roundtable - How the smallest country in Asia grew into a hedge fund giant, Galleon to manage Asia fund from new Singapore operation, Glenwood expects new hedge-fund opportunities in Asia, AsianInvestor 2008 Investment Performance Awards: winners for alternative investments
- Legal: Deutsche Bank trader in IKB insider trading probe, Nomura caught in insider trading scandal, Brazilian police arrest Credit Suisse employee connected with money laundering crimes
- Activist News: The Children's Investment Fund raises stake in German steelmaker, CI seeks U.K. sanctions against Japan on J-Power, Wendy`s to unveil deal with Peltz, Hedge funds looking to dump Orient Hotel shares
- News Briefs: Wall Street goes bargain hunting in the farm bill, Heidrick & Struggles adds hedge fund executive search team to roster, Linedata`s hedge fund solutions registered as Bloomberg Server compliant, New Pictet PE fund targets listed companies and private equity in water-related industries, China fund CIC plans to invest $80 to $90bln overseas
- And Finally. How cocker spaniel and the macaw survived three months adrift in Pacific, Update: Rescuers still searching for missing Brazil balloon priest
- Logon: http://www.opalesque.com/index.php?act=archive
- Opalesque Exclusive: Russia Special: Oldest Russian hedge funds now focuses on fundamentals unlikely to be affected by crisis, Russia exposed to financial markets-contagion but economy is taking off, Western banks are building a presence in Russia, although raising funds is now difficult for the whole system, Emerging economies are the engines of growth
- Opalesque Exclusive: India: Anew attempt to manage risk in the volatile India markets, India prepares for slowdown
- M&A: Opalesque Exclusive: Infiniti Group staff complete management buyout, Seligman`s $1bln technology hedge fund could change hands this year
- Stakes: Goldman`s Petershill fund buys multi-million stake in London hedge fund Trafalgar
- Listings: BlackRock Absolute Return Strategies raises $275m and begins trading on London Stock Exchange
- Fund Launches: BNY Mellon A.M. to launch global macro absolute return fund, Fidelity unit launches global market neutral fund, Former Tribeca director set to launch media/telecomm fund, Goldman Sachs and Redwood vets follow distressed route, 20-year-old preps global macro/statistical arb hedge fund, New Italian hedge fund to focus on Euro area investments
- Fund Performance: Opalesque Exclusive: Friedberg Global Macro Hedge Fund returns -1.04% in March but +16.42% in QI2008, Criterion Water Infrastructure Currency Hedged Fund lost 9.8% in 2007, down 11.1% YTD
- Assets: Opalesque Exclusive: Eden Rock's asset based lending fund hits $100m after no down months
- Indices: Credit Suisse/Tremont rebalances investable indices: Funds in and out, UBS to start freight futures index
- GLG Update: AMF to initiate investigation into GLG`s trades
- Trends: Banks are learning in-house hedge fund not necessarily way to profits, standalone hedge funds get second chance, Disconnect between money markets and credit, equity markets may dampen recovery, CDS market points to receding fears
- Credit Crunch Update: Ambac may need more capital after reporting loss, analysts say, Ambac: Deteriorating bonds could be a sign of fraud, Ambac makes Bill Ackman`s day, Merrill said to be laying off energy traders and back-office staff, Credit Suisse Group reports net loss of CHF 2.1bln (US$2.05bln) in Q1 2008, UBS investors give Kurer, other execs a year to prove themselves, Money management holding company feels pain after clients pulled money out, Subprime mortgage litigation reaches record levels in the Q1 2008
- People: Citadel hires JP Morgan banker to run US fixed income, Niederhoffer CM makes senior strategy and business development hire, Former Barclays finance chief joins UK FSA to help regulate banks
- MFA chief says US industry should co-operate with overseas regulators
- Institutions: CalPERS CIO Russell Read to step down, PIMCO invests in corporate bonds as spreads near historic highs
- Commodities: Opalesque Exclusive: Timber fund announces further capital raising of up to $1.6bln, proposes migration to London Stock Exchange, India commodities regulator considering ban on hedge funds, FIA urges Indian government to drop proposed tax on commodity futures transactions, US commodities: gold slides as dollar climbs; grains mixed, CFTC Forum discusses speculative money in commodities, Winning the commodities race: the current cycle is one of the greatest transfers of wealth in recent history, says Investec, Managed futures investing moves from sidelines to spotlight
- Environmental Trading: ECX to launch Kyoto carbon credit options May 16
- 130/30: Sentry to launch 130/30 mining fund
- Europe: AXA opens FoHFs to investors following 3-year development process, Northern Rock shareholders lodge GBP2bln (US$3.95bln) compensation claim
- Africa: The regulatory landscape for hedge funds in South Africa
- Asia: Opalesque Exclusive: Opalesque publishes Singapore Hedge Fund Manager Roundtable - How the smallest country in Asia grew into a hedge fund giant, Galleon to manage Asia fund from new Singapore operation, Glenwood expects new hedge-fund opportunities in Asia, AsianInvestor 2008 Investment Performance Awards: winners for alternative investments
- Legal: Deutsche Bank trader in IKB insider trading probe, Nomura caught in insider trading scandal, Brazilian police arrest Credit Suisse employee connected with money laundering crimes
- Activist News: The Children's Investment Fund raises stake in German steelmaker, CI seeks U.K. sanctions against Japan on J-Power, Wendy`s to unveil deal with Peltz, Hedge funds looking to dump Orient Hotel shares
- News Briefs: Wall Street goes bargain hunting in the farm bill, Heidrick & Struggles adds hedge fund executive search team to roster, Linedata`s hedge fund solutions registered as Bloomberg Server compliant, New Pictet PE fund targets listed companies and private equity in water-related industries, China fund CIC plans to invest $80 to $90bln overseas
- And Finally. How cocker spaniel and the macaw survived three months adrift in Pacific, Update: Rescuers still searching for missing Brazil balloon priest
- Logon: http://www.opalesque.com/index.php?act=archive
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Misc. Items of Interest
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Turkmenistan: Learning to Use Leverage. April 24, 2008 | 1736 GMT. Turkmen Foreign Minister Rashid Meredov. BEHROUZ MEHRI/AFP/Getty Images ... |
Heidrick & Struggles Increases Strength in Hedge Fund Sector
CNNMoney.com (press release) - USA
Prior to founding Schwab Enterprise, Claude founded and ran the hedge fund practice of one of the largest alternative asset management boutique search firms ...
CNNMoney.com (press release) - USA
Prior to founding Schwab Enterprise, Claude founded and ran the hedge fund practice of one of the largest alternative asset management boutique search firms ...
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Funnies, Facts, Quotes, etc….
winsome WIN-suhm, adjective:
1. Cheerful; merry; gay; light-hearted.
2. Causing joy or pleasure; agreeable; pleasant.
2. Causing joy or pleasure; agreeable; pleasant.
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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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