Archive: 05/16/2008
Main News
Nobel-winning economist: credit crisis may live on
Myron Scholes, winner of the 1997 Nobel Prize in economics and chairman of Platinum Grove Asset Management, said he is not sure the credit crisis is over. "From my perspective, I think that we don't know if the storm has passed or if we are still in the eye of the storm," he said. "Are there other shoes to drop and new events or new shocks that will come to the fore?" Bloomberg (16 May.)
Myron Scholes, winner of the 1997 Nobel Prize in economics and chairman of Platinum Grove Asset Management, said he is not sure the credit crisis is over. "From my perspective, I think that we don't know if the storm has passed or if we are still in the eye of the storm," he said. "Are there other shoes to drop and new events or new shocks that will come to the fore?" Bloomberg (16 May.)
Operational Risk - Study Identifies Companies With the World's Most Sophisticated Hedging Strategies
Four energy companies and two airlines receive top honors for having the world’s most sophisticated strategies for hedging energy exposure, according to a new survey of companies around the world by Greenwich Associates.
ECB worries banks are exploiting liquidity scheme
European Central Bank officials are growing concerned as evidence mounts that banks are using its liquidity scheme to offload assets that are riskier than originally expected or even developing low-rated assets to trade for treasuries. The central bank's liquidity scheme was intended to thaw funding markets. Governing council member Yves Mersch said the bank is "looking very hard at whether there is not a specific deterioration of collateral" the bank is accepting. Financial Times (15 May.)
European Central Bank officials are growing concerned as evidence mounts that banks are using its liquidity scheme to offload assets that are riskier than originally expected or even developing low-rated assets to trade for treasuries. The central bank's liquidity scheme was intended to thaw funding markets. Governing council member Yves Mersch said the bank is "looking very hard at whether there is not a specific deterioration of collateral" the bank is accepting. Financial Times (15 May.)
Fund managers see stagflation as bigger danger than recession
Fund managers across the world are no longer worried about the imminent risk of recession, fearing that inflation has become the bigger danger after the emergency stimulus by the US Federal Reserve. (The Daily Telegraph)
http://mail2.efnmail.co.uk/r/363584/MTk4MTI1OjE3MzA5/
Fund managers across the world are no longer worried about the imminent risk of recession, fearing that inflation has become the bigger danger after the emergency stimulus by the US Federal Reserve. (The Daily Telegraph)
http://mail2.efnmail.co.uk/r/363584/MTk4MTI1OjE3MzA5/
JPMorgan to close or spin-off Bear Funds
Reuters - Friday May 16, 09:27 BST
Reuters - Friday May 16, 09:27 BST
UBS beefs up risk management amid investment banking overhaul
UBS on Wednesday disclosed senior appointments at its investment bank alongside plans to beef up risk management, part of a series of measures aimed at restructuring the bank after more than $37bn (?23.9bn) in sub-prime writedowns. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/363586/MTk4MTI1OjE3MzA5/
UBS on Wednesday disclosed senior appointments at its investment bank alongside plans to beef up risk management, part of a series of measures aimed at restructuring the bank after more than $37bn (?23.9bn) in sub-prime writedowns. (The Wall Street Journal)
http://mail2.efnmail.co.uk/r/363586/MTk4MTI1OjE3MzA5/
Detractors of ethanol are trying to decelerate its take off. Ethanol production is ramping up to meet federal mandates, which critics say has created global food shortages and potentially more greenhouse gas emissions.
Gas Deposit Lures Hedge Funds
Source: The Wall Street Journal
A natural-gas deposit deep beneath parts of Arkansas, eastern Texas and northwest Louisiana is the focus of the latest U.S. energy boom, with hedge funds betting on the three companies vying to develop the area. More... <http://www.hedgefund-index.com/newstoday.asp>
Source: The Wall Street Journal
A natural-gas deposit deep beneath parts of Arkansas, eastern Texas and northwest Louisiana is the focus of the latest U.S. energy boom, with hedge funds betting on the three companies vying to develop the area. More... <http://www.hedgefund-index.com/newstoday.asp>
Jim Rogers Says Commodities Have More Upside
By: Martin de Sa'Pinto, Senior Financial Correspondent
Posted: 05/15/2008 3:03:26 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=mfad&story=mfad1253.html
By: Martin de Sa'Pinto, Senior Financial Correspondent
Posted: 05/15/2008 3:03:26 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=mfad&story=mfad1253.html
Wednesday , 14 May 2008
The Bank Credit Analyst asks whether commodity mania has entered “the dangerous terminal phase”, and answers on each of five of its favorite signposts.
The Bank Credit Analyst asks whether commodity mania has entered “the dangerous terminal phase”, and answers on each of five of its favorite signposts.
As part of its ongoing efforts to provide greater insight and transparency to market participants, Standard & Poor's Ratings Services announced yesterday that it will introduce several enhancements to its analytical approach to rating speculative-grade debt. These enhancements are outlined in a report published earlier today, titled "Standard & Poor's Revises Its Approach to Rating Speculative-Grade Credits."
By PAUL THARP
Despite his recently failed deals and huge new losses, Wall Street is starting to throw even more billions at Steve Schwarzman and his Blackstone Group, sending its shares higher. Blackstone shot up more than 6 percent yesterday after it reported a...full story
Hedge Funds under Pressure to Consolidate
By: Chidem Kurdas, New York Bureau Chief
Posted: 05/15/2008 3:31:24 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=peop&story=peop3473.html
By: Chidem Kurdas, New York Bureau Chief
Posted: 05/15/2008 3:31:24 PM ET
http://www.hedgeworld.com/news/premium/read_news.cgi?section=peop&story=peop3473.html
Active Extension Strategies Gaining Interest From Plan Sponsors
By BusinessWire
5/15/2008 12:00:04 PM
By BusinessWire
5/15/2008 12:00:04 PM
I recently attended Goldman Sachs' third annual alternative energy conference in New York, along with 1,000 others. The take away is that is there is increased investor interest in the sector, but the key stumbling block is still the lack of regulatory certainty for the deployment of more capital. Public policy in the climate change arena is diffuse as a patchwork of state actions has replaced the lack of federal action on both energy and environmental issues.
Spain proves that economic realities can only be postponed temporarily
Shahin Shojai, Global Head of Strategic Research, Capco
Luxury Foreclosures
Growing Number of Affluent Homeowners Can No Longer Afford Their Mortgages
(By Kendra Marr, The Washington Post)
Growing Number of Affluent Homeowners Can No Longer Afford Their Mortgages
(By Kendra Marr, The Washington Post)
FoF Martello Closing Shop High overhead has put Martello Investment Management out of business. [more]
Comment: Sophisticated managers ready to shine in turbulent greater China markets
Do Greater China and other Asia-focused hedge funds offer little more than beta exposure with negligible contribution to portfolio diversification? Simon Coxeter, chief investment officer of fund of hedge funds manager AsiaSource Capital in Singapore and manager of the ASC Greater China Fund, argues that the current market dislocation may offer the region's growing roster of hedge funds the opportunity to demonstrate their worth.
Do Greater China and other Asia-focused hedge funds offer little more than beta exposure with negligible contribution to portfolio diversification? Simon Coxeter, chief investment officer of fund of hedge funds manager AsiaSource Capital in Singapore and manager of the ASC Greater China Fund, argues that the current market dislocation may offer the region's growing roster of hedge funds the opportunity to demonstrate their worth.
Lebanon: Mediators Announce Deal To End Conflict
May 15, 2008 1549 GMT
Arab mediators on May 15 announced a deal to end the conflict in Lebanon and have invited the...
http://www.stratfor.com/sitrep/lebanon_mediators_announce_deal_end_conflict
May 15, 2008 1549 GMT
Arab mediators on May 15 announced a deal to end the conflict in Lebanon and have invited the...
http://www.stratfor.com/sitrep/lebanon_mediators_announce_deal_end_conflict
Berkshire Hit By Derivs, May Buy RBS
Berkshire Hathaway has reported a 64% decline in profits in the first quarter of 2008 because of losses in its derivatives portfolio. More
Berkshire Hathaway has reported a 64% decline in profits in the first quarter of 2008 because of losses in its derivatives portfolio. More
Canadian Conduits Get Into Correlation
Participants in the Canadian conduit market have been among the most active players in the correlation markets over the past month driving the bulk of restructuring activity. More
Participants in the Canadian conduit market have been among the most active players in the correlation markets over the past month driving the bulk of restructuring activity. More
Foreign ministers from the world's four largest emerging economies are meeting Friday in Russia to start shaping a common policy apart from the established powers. Brazil, Russia, India and China will discuss non-economic issues including weapons proliferation, fighting terrorism, energy and climate change. "The meeting is recognition of the fact that we are four big economies with a large influence in the world," Brazilian Foreign Minister Celso Amorim said. http://r.smartbrief.com/resp/ledkrwlGvMxwytCibSfXoJYn?format=standard ClipSyndicate/Bloomberg (15 May.) , Bloomberg (15 May.)
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Yield Curve Corner
Bernanke: "Markets Are Still Far from Normal"
The Fed chairman defends recent moves to stabilize the markets and says any expectations of future government bailouts will be defused through stricter bank regulation.
The Fed chairman defends recent moves to stabilize the markets and says any expectations of future government bailouts will be defused through stricter bank regulation.
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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/FSHSsoutheast136_G12.jpg
China buries quake dead as new aftershock hits
May 16, 2008 06:05 AM ET
BEICHUAN, China (Reuters) - China struggled to bury the dead
and help tens of thousands of injured, homeless and hungry on
Friday, four days after a massive earthquake which is thought
to have killed more than 50,000.
http://links.reuters.com/r/ASTCI/8EN2Y/O4INZ/0CSZ3/3FRZJ/YT/t
May 16, 2008 06:05 AM ET
BEICHUAN, China (Reuters) - China struggled to bury the dead
and help tens of thousands of injured, homeless and hungry on
Friday, four days after a massive earthquake which is thought
to have killed more than 50,000.
http://links.reuters.com/r/ASTCI/8EN2Y/O4INZ/0CSZ3/3FRZJ/YT/t
China quake toll exceeds 19,500: Xinhua
May 15, 2008 06:02 AM ET
BEIJING (Reuters) - The death toll from the deadliest quake to
hit China in three decades has risen to above 19,500, the official
Xinhua news agency said on Thursday, citing the provincial government
of southwestern Sichuan province.
http://links.reuters.com/r/I1C4N/BSPUC/ZJU6E/3ARP7/TK55U/YT/t
May 15, 2008 06:02 AM ET
BEIJING (Reuters) - The death toll from the deadliest quake to
hit China in three decades has risen to above 19,500, the official
Xinhua news agency said on Thursday, citing the provincial government
of southwestern Sichuan province.
http://links.reuters.com/r/I1C4N/BSPUC/ZJU6E/3ARP7/TK55U/YT/t
Earthquake reveals cracks in China's insurance industry
An estimated 5% of the more than $20 billion worth of damages from the earthquake that hit China's Sichuan province is covered by insurance, according to a China Insurance Regulatory Commission official. "The earthquake underscores how much room insurers have to penetrate into rural China," said Zhang Ling of ICBC Credit Suisse Asset Management Co. in Beijing. "There'll be much more momentum and government support to do that after this year's natural disasters." Bloomberg (16 May.)
An estimated 5% of the more than $20 billion worth of damages from the earthquake that hit China's Sichuan province is covered by insurance, according to a China Insurance Regulatory Commission official. "The earthquake underscores how much room insurers have to penetrate into rural China," said Zhang Ling of ICBC Credit Suisse Asset Management Co. in Beijing. "There'll be much more momentum and government support to do that after this year's natural disasters." Bloomberg (16 May.)
China postpones reserve ratio hike in areas hit by quake: China's central bank has given financial institutions in areas of the country hit by the recent earthquake more time to comply with the new reserve ratio hike policy, which was set to take effect on Tuesday. The move is one of several on the part of the central bank to help with quake recovery efforts. China Daily (Beijing) (16 May.)
New storm deepens misery in cyclone-hit Myanmar
May 16, 2008 05:52 AM ET
YANGON (Reuters) - Torrential tropical downpours lashed Myanmar's
Irrawaddy delta on Friday, deepening the misery of an estimated
2.5 million destitute survivors of Cyclone Nargis and further
hampering the military government's aid efforts.
http://links.reuters.com/r/ASTCI/8EN2Y/O4INZ/0CSZ3/CBHYN/YT/t
May 16, 2008 05:52 AM ET
YANGON (Reuters) - Torrential tropical downpours lashed Myanmar's
Irrawaddy delta on Friday, deepening the misery of an estimated
2.5 million destitute survivors of Cyclone Nargis and further
hampering the military government's aid efforts.
http://links.reuters.com/r/ASTCI/8EN2Y/O4INZ/0CSZ3/CBHYN/YT/t
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Iranian Situation and Other Man Made Disasters
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Geopolitical Diary: An Iranian Oil Mystery. May 16, 2008 0200 GMT. Iran has booked a supertanker, to arrive in June, which can store up to 270000 tons of ... |
Bush says nuclear Iran would be 'unforgivable'
AFP via Yahoo! News Thu, 15 May 2008 10:53 AM PDT
US President George W. Bush warned on Thursday that allowing Iran to obtain a atomic bomb would be "an unforgivable betrayal" as he made his second visit to Israel in five months.
AFP via Yahoo! News Thu, 15 May 2008 10:53 AM PDT
US President George W. Bush warned on Thursday that allowing Iran to obtain a atomic bomb would be "an unforgivable betrayal" as he made his second visit to Israel in five months.
Iran's central bank chief at odds with Ahmadinejad
AFP via Yahoo! News Thu, 15 May 2008 3:10 AM PDT
The head of Iran's central bank is at loggerheads with President Mahmoud Ahmadinejad over interest rates, the local press reported on Thursday, the latest criticism of his economic policies.
AFP via Yahoo! News Thu, 15 May 2008 3:10 AM PDT
The head of Iran's central bank is at loggerheads with President Mahmoud Ahmadinejad over interest rates, the local press reported on Thursday, the latest criticism of his economic policies.
Ahmadinejad sacks Iran's interior minister
AFP via Yahoo! News Thu, 15 May 2008 3:03 AM PDT
Iranian President Mahmoud Ahmadinejad has sacked his interior minister, the ninth cabinet change in his near three-year presidency, the government daily Iran reported on Thursday.
AFP via Yahoo! News Thu, 15 May 2008 3:03 AM PDT
Iranian President Mahmoud Ahmadinejad has sacked his interior minister, the ninth cabinet change in his near three-year presidency, the government daily Iran reported on Thursday.
US Defense Secretary urges more private US contacts with Iran
AFP via Yahoo! News Wed, 14 May 2008 7:15 PM PDT
US Defense Secretary Robert Gates said he thought more visits to Iran by private American citizens might help bridge differences between the two countries.
AFP via Yahoo! News Wed, 14 May 2008 7:15 PM PDT
US Defense Secretary Robert Gates said he thought more visits to Iran by private American citizens might help bridge differences between the two countries.
How Iran pulls the strings in Iraq
BBC News Thu, 15 May 2008 3:16 AM PDT
Iran's role in curbing fighting between Iraqi Shia factions sheds a light on its influence in Iraq, says the BBC's Roger Hardy.
BBC News Thu, 15 May 2008 3:16 AM PDT
Iran's role in curbing fighting between Iraqi Shia factions sheds a light on its influence in Iraq, says the BBC's Roger Hardy.
Saudi Arabia: King Invites Top Iranian Leader To Dialogue
May 15, 2008 1427 GMT
Saudi King Abdullah bin Abdul Aziz Al Saud has invited Ali Akbar Hashemi Rafsanjani, Iran's most...
http://www.stratfor.com/sitrep/saudi_arabia_king_invites_top_iranian_leader_dialogue
May 15, 2008 1427 GMT
Saudi King Abdullah bin Abdul Aziz Al Saud has invited Ali Akbar Hashemi Rafsanjani, Iran's most...
http://www.stratfor.com/sitrep/saudi_arabia_king_invites_top_iranian_leader_dialogue
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Opalesque’s Corner
- Convertible Arb Special: Opalesque Exclusive: Ferox is launching new global convertible bond arbitrage fund to play on current levels of theoretical cheapness, Convertibles cheap and attractive after hedge funds dumped to raise cash, investors could redeem further hedge fund assets for this attractive play
- Europe Special: Opalesque Exclusive: Penso Global Crisis Strategy turns focus from US credit and looks toward Europe, Buoyed by investor demand, European managers continue rolling out absolute return funds, Euro controversy haunts 10th anniversary, ECB concerned over liquidity scheme, A strong Euro highlights underlying global economic issues, UK inflationary pressure to continue hitting consumer pockets, says F&C
- Africa Special: ICAP's Michael Spencer said to 'plough tens of millions' into Africa funds, Ghanaian Harvard graduates come back to develop 'last emerging market', S&P: High commodity prices to continue African growth, immune to global woes
- Re-Launches: Henderson planning to reopen closed hedge funds, Asia Pacific product likely candidate, no new launches planned
- Performance: Update: New Star sees fund improvements
- Blackstone: Hedge fund assets up 80% to $56.6bln, Schwarzman says markets `recovering`, Blackstone revenue drops 94% to $68.5m, reports $66.5m loss as fees drop across asset classes, Blackstone outlines strategy to turn debt into profit
- IPOs: Canada's Sprott falls in trading debut after C$200m IPO, Hedge fund fratricide: Hedge funds said to dump Sprott shares quickly
- Exchange Listings: Opalesque Exclusive: Centurion puts its life settlement fund on Luxembourg MTF trading platform
- Indices: Credit Suisse/Tremont index up 0.57% in April, HFRI: most indices up in April, weighted composite index returned +1.65%
- Awards: Culross Global Management wins HFM Week award for Culross Global Fund, RBC Dexia collects three awards at ICFA Global Awards 2008
- Administrators: ALPS acquires $6bln hedge fund admin Price Meadows
- Trends: Change is in the air for the financial superclass, Funds of hedge funds look for greater specialization, Financials make up biggest portion of hedge fund portfolios, Funds regain risk appetite, reduce cash
- Report: `Exposure yardsticks may provide little insight about a fund`s alpha potential`
- Credit Crunch Update: JPMorgan to close or spin-off Bear funds, Barclays declares $2bln loss forecast profits for 2008 to be down 10%, Bernanke urges banks to raise capital if needed, Senators reach $300bln deal on housing rescue, Lampert reports 6m share stake in Sallie Mae
- People: GlobeOp appoints Gary Linford to Cayman subsidiary board, Alison Richardson to develop nabCapital fund manager business
- Institutions: Update: CalPERS commits $1.9b to hedge, buyout funds
- Exchanges: CME Group chairman rejects call for federal intervention, says market speculation not to blame
- Shipping: Soaring freight costs add to price of basic commodities
- Commodities: Tin rally nears `finale` on China sales, Galena says
- Environmental: UK pension fund takes stake in London-based Climate Change Capital, Point Carbon launches database of over 500 North American carbon project, Regulating greenhouse gases can generate $3 trillion until 2050
- Legal: Former Ohio mayor sentenced to four years in hedge fund fraud case, After $3.4m loss, Brockton city monitors New Orleans suit against failed First America Asia Fund
- Asia: Polar to rebuild Asia ex-Japan business just two years after shutting it, Comment: Sophisticated managers ready to shine in turbulent greater China markets, Thailand's $109bln reserves not yet ready for sovereign wealth fund, Calpers, other global investors demand more say in Japan management, Burton G. Malkiel: China to be world's largest economy in next 20 years despite growth slowdown
- Activist News: Icahn to battle Yahoo to accept Microsoft bid, Paulson hedge fund backs Icahn`s Yahoo slate, Carl Icahn`s letter to Yahoo Board urges to negotiate with Microsoft, CBS agrees to $1.8bln CNET deal, may end fight with investor group led by Jana Partners
- News Briefs: New MATLAB toolbox gives quants and financial analysts access to 1,300+ computational routines, Power failure freezes ICE for 1 hour, S&P report announces new approach to rating speculative-grade credits, Oaktree sets record with $10.6bn PE distressed debt fund
- And Finally. Man sues airline after bieng told to `hang out` five hour flight in toilet
- Logon: http://www.opalesque.com/index.php?act=archive
- Europe Special: Opalesque Exclusive: Penso Global Crisis Strategy turns focus from US credit and looks toward Europe, Buoyed by investor demand, European managers continue rolling out absolute return funds, Euro controversy haunts 10th anniversary, ECB concerned over liquidity scheme, A strong Euro highlights underlying global economic issues, UK inflationary pressure to continue hitting consumer pockets, says F&C
- Africa Special: ICAP's Michael Spencer said to 'plough tens of millions' into Africa funds, Ghanaian Harvard graduates come back to develop 'last emerging market', S&P: High commodity prices to continue African growth, immune to global woes
- Re-Launches: Henderson planning to reopen closed hedge funds, Asia Pacific product likely candidate, no new launches planned
- Performance: Update: New Star sees fund improvements
- Blackstone: Hedge fund assets up 80% to $56.6bln, Schwarzman says markets `recovering`, Blackstone revenue drops 94% to $68.5m, reports $66.5m loss as fees drop across asset classes, Blackstone outlines strategy to turn debt into profit
- IPOs: Canada's Sprott falls in trading debut after C$200m IPO, Hedge fund fratricide: Hedge funds said to dump Sprott shares quickly
- Exchange Listings: Opalesque Exclusive: Centurion puts its life settlement fund on Luxembourg MTF trading platform
- Indices: Credit Suisse/Tremont index up 0.57% in April, HFRI: most indices up in April, weighted composite index returned +1.65%
- Awards: Culross Global Management wins HFM Week award for Culross Global Fund, RBC Dexia collects three awards at ICFA Global Awards 2008
- Administrators: ALPS acquires $6bln hedge fund admin Price Meadows
- Trends: Change is in the air for the financial superclass, Funds of hedge funds look for greater specialization, Financials make up biggest portion of hedge fund portfolios, Funds regain risk appetite, reduce cash
- Report: `Exposure yardsticks may provide little insight about a fund`s alpha potential`
- Credit Crunch Update: JPMorgan to close or spin-off Bear funds, Barclays declares $2bln loss forecast profits for 2008 to be down 10%, Bernanke urges banks to raise capital if needed, Senators reach $300bln deal on housing rescue, Lampert reports 6m share stake in Sallie Mae
- People: GlobeOp appoints Gary Linford to Cayman subsidiary board, Alison Richardson to develop nabCapital fund manager business
- Institutions: Update: CalPERS commits $1.9b to hedge, buyout funds
- Exchanges: CME Group chairman rejects call for federal intervention, says market speculation not to blame
- Shipping: Soaring freight costs add to price of basic commodities
- Commodities: Tin rally nears `finale` on China sales, Galena says
- Environmental: UK pension fund takes stake in London-based Climate Change Capital, Point Carbon launches database of over 500 North American carbon project, Regulating greenhouse gases can generate $3 trillion until 2050
- Legal: Former Ohio mayor sentenced to four years in hedge fund fraud case, After $3.4m loss, Brockton city monitors New Orleans suit against failed First America Asia Fund
- Asia: Polar to rebuild Asia ex-Japan business just two years after shutting it, Comment: Sophisticated managers ready to shine in turbulent greater China markets, Thailand's $109bln reserves not yet ready for sovereign wealth fund, Calpers, other global investors demand more say in Japan management, Burton G. Malkiel: China to be world's largest economy in next 20 years despite growth slowdown
- Activist News: Icahn to battle Yahoo to accept Microsoft bid, Paulson hedge fund backs Icahn`s Yahoo slate, Carl Icahn`s letter to Yahoo Board urges to negotiate with Microsoft, CBS agrees to $1.8bln CNET deal, may end fight with investor group led by Jana Partners
- News Briefs: New MATLAB toolbox gives quants and financial analysts access to 1,300+ computational routines, Power failure freezes ICE for 1 hour, S&P report announces new approach to rating speculative-grade credits, Oaktree sets record with $10.6bn PE distressed debt fund
- And Finally. Man sues airline after bieng told to `hang out` five hour flight in toilet
- Logon: http://www.opalesque.com/index.php?act=archive
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Misc. Items of Interest
"Going Parallel - An Implementation Guide"
The new paper from Interactive Supercomputing outlines the basic steps and tools involved in the process of migrating a desktop application to a parallel environment. It presents typical timelines for going from serial to parallel computing with Star-P based on customer experiences, covering topics such as the learning curve, analysis of the serial application's key opportunities for parallelization, and the practical application of the Star-P tools and methodology.
Star-P® from Interactive Supercomputing enables quantitative analysts using desktop tools such as MATLAB®, Python, and R to operate interactively with parallel computer systems, eliminating the need for re-programming, and accelerating time-to-solution. Analysts preserve their familiar financial engineering workflow, while gaining a quantum leap in performance - for more accurate forecasting, improved risk analysis, more effective trading strategies, and other requirements involving complex algorithms and massive databases.
Download White Paper: "Going Parallel - An Implementation Guide"
Baby Boomer Brain Drain Looms
More companies are hatching plans to compensate for the impending crush of retirements by senior executives. Will they be able to put a dent in a potentially ruinous problem?
More companies are hatching plans to compensate for the impending crush of retirements by senior executives. Will they be able to put a dent in a potentially ruinous problem?
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Funnies, Facts, Quotes, etc….
JPMorgan to close or spin-off Bear Funds
Reuters - Friday May 16, 09:27 BST
Reuters - Friday May 16, 09:27 BST
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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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