Main News

 

Subprime Mortgage Losses Nearly Done: Fitch
Housing Wire - USA
By PAUL JACKSON The subprime mortgage mess is mostly over, as global banks have already written down more than 80 percent of their losses from subprime ...

 

Confessions of a Short SellerAN INTERVIEW WITH DOUG KASS: The "anti-Cramer" hunts for bear markets.
http://online.barrons.com/article/SB121097996687000019.html?mod=djemWR

 

Sarbanes urges tougher bank, hedge fund regulation
Reuters - USA
Paul Sarbanes, behind one of the most sweeping set of finance reforms since the Great Depression, said on Friday investment banks and hedge funds needed ...

 

SEC sues Headstart over alleged fund fraud
Financial Times Sun, 18 May 2008 11:53 AM PDT
The Securities and Exchange Commission on Thursday sued Headstart Advisers, a London-based hedge fund manager, and its sole director, alleging that they defrauded US mutual funds and shareholders.

 

cretary Paulson Remarks on Credit Markets and Housing
Washington Post - United States
Of the more than 400000 subprime mortgage resets originally scheduled for the first quarter of 2008, only 553 loans that were current at reset have entered ...

 

‘Quixotic’ Denver Hedge Fund Calls It Quits
FINalternatives - New York,NY,USA
Founder Jerry Paul, who earlier this year closed Quixote’s mutual fund, said the firm’s hedge fund will liquidate this month. With little capital available ...
See all stories on this topic

 

Congress Passes Farm Bill Containing CFTC Reauthorization
By: Jacob Bunge, Financial Correspondent
Posted: 05/16/2008 7:04:41 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=mfad&story=mfad1258.html

 

Rebounds by Hedge-Fund Stars Prove 'It's a Mulligan Industry'
Wall Street Journal Blogs - New York,NY,USA
By Gregory Zuckerman and Craig Karmin Jeffrey Larson lost $1.5 billion for his hedge-fund investors in a few painful weeks last summer. ...

 

HEDGES BET ICAHN
New York Post Fri, 16 May 2008 2:19 AM PDT
Yahoo! CEO Jerry Yang is about to learn dealmaking's golden rule: at a certain price, everyone's a seller. Only a few hours after Carl Icahn said Yahoo!'s board "acted irrationally" by rejecting Microsoft's $47.5 billion offer, hedge fund Paulson &...

 

Food, water cos emerging as investment options
Hindu Business Line - Chennai,India
Many agriculture commodities are becoming scarce resources worldwide and they are preferred by new fund themes and managers. Canara Robeco Mutual Fund is ...

 

Farming Factors Contribute to Grain Gains
By: Jacob Bunge, Financial Correspondent
Posted: 05/16/2008 2:43:20 PM ET
http://www.hedgeworld.com/news/read_news.cgi?section=mfad&story=mfad1257.html

 

By ZACHERY KOUWE

A string of donations by railroad giant CSX Corp. to organizations linked to key lawmakers is raising questions about whether the company is using political connections to fend off a band of deep-pocketed hedge funds looking to oust five members of...full story

 

 

 

 

A Passion for ProfitSeeking diversification? Niche ideas, from art to wine.
http://online.barrons.com/article/SB121098374109900401.html?mod=djemWR

 

The 2008 Hedge Institutional Investor Directory Forecasts That the Net Growth in Institutional Investors' Allocations to Hedge Funds over the Next Two Years Will Be $90 Billion
By BusinessWire
5/16/2008 7:47:01 AM

 

 

Exposure Yardsticks May Provide Little Insight Into a Fund's Alpha Potential by Christopher Holt

 

A Look at Q1 Hedge Fund Holdings by Bespoke Investment Group

 

Sacrificing Some Sacred Cows by Tim Price

 

Pershing Releases 13-F: Bulking Up on Sears, No Longer Short Ambac by Todd Sullivan

 

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Yield Curve Corner

 

US mortgage rates drift lower
MarketWatch - USA
"Fed Chairman Bernanke indicated in a speech on May 13 that the Fed stands ready to continue to add liquidity to the markets," Nothaft said in a news ...

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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:

 

Burma disaster reignites SRI debate
The recent humanitarian crisis in Burma (Union of Myanmar) has reignited the ‘engagement versus exclusion’ debate surrounding socially responsible investing.

 

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Iranian Situation and Other Man Made Disasters

 

Geopolitical Diary: An Iranian Oil Mystery
May 16, 2008 0200 GMT
Iran has booked a supertanker that can store up to 270,000 tons of crude oil for up to 90 days. Iran already has more than 28 million barrels of oil floating in tankers outside its main export terminal in the Persian Gulf. Something is wrong with this picture.
http://www.stratfor.com/geopolitical_diary/geopolitical_diary_iranian_oil_mystery

 

 

Iran's economic growth at 6.7 percent
Payvand Iran News Sun, 18 May 2008 10:43 AM PDT
The Economic Deputy Governor of the Central Bank of Iran says Iran's economic growth rate in the last Iranian year was 6.7%. -Press TV

 

Visa-free Iran trips for D8 citizens
Payvand Iran News Sun, 18 May 2008 10:43 AM PDT
Iranian authorities lifted the need for visa for citizens of Developing 8 Countries Organization who want to visit Iran for tourism stays. -Press TV

 

 

Iran's arrest of Baha'is condemned
CNN.com Sat, 17 May 2008 6:16 AM PDT
Six Baha'i leaders in Iran were seized and imprisoned this week, the religious group said. The act prompted condemnation and concern from the movement and a top American religious freedom panel.

 

Iran's Oil: Market Strategy or Domestic Insecurity?
May 16, 2008 1312 GMT
Iran is on track to store up to a week’s worth of national oil production offshore. There are signs that, rather than a strategy to benefit from record prices, the move reflects a drop-off in demand for Iranian crude — something with serious domestic implications.
http://www.stratfor.com/podcast/irans_oil_market_strategy_or_domestic_insecurity

 

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Opalesque’s Corner

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Misc. Items of Interest

 

Fifty years of DARPA: Hits, misses
and ones to watch
New Scientist news service May 15, 2008
*************************
DARPA's successful projects have
included the Internet, GPS, speech
translation, stealth planes, and
Gallium Arsenide (for wireless
communications chips). Ones to
watch: robot bars, Z-man (wall
climbing), underwater express
(troop-transporting torpedoes),
bionic limbs, Switchblade
(supersonic UAV), and exoskeletons.
Also see: Fifty years...
http://www.kurzweilai.net/email/newsRedirect.html?newsID=8684&m=29780

 

Virtual Iraq
The New Yorker May 19, 2008
*************************
The Department of Defense is
testing Virtual Iraq, a
virtual-reality program for treating
post-traumatic stress...
http://www.kurzweilai.net/email/newsRedirect.html?newsID=8654&m=29780

 

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Funnies, Facts, Quotes, etc….

 

tirade TY-raid; tih-RAID, noun:

A long angry speech; a violent denunciation; a prolonged outburst full of censure or abuse.

 

latitudinarian lat-uh-too-din-AIR-ee-un; -tyoo-, adjective:

1. Having or expressing broad and tolerant views, especially in religious matters.
2. A person who is broad-minded and tolerant; one who displays freedom in thinking, especially in religious matters.
3. [Often capitalized] A member of the Church of England, in the time of Charles II, who adopted more liberal notions in respect to the authority, government, and doctrines of the church than generally prevailed.

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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.