Monday, May 1, 2006

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  Ralph Waldo Emerson

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  Top Stories


Alternatives still popular among affluent
Source: Investment News
Wealthy investors continue to rely heavily on alternative investments, though they also are turning increasingly to international investments, according to a recent survey from the Institute for Private Investors.  More...

Hedge funds try to limit risk to avoid losing fees
Source: Financial Times
Hedge fund managers are increasingly refusing to make risky investments for fear of losing customers and their sky-high fees, according to GAM, the world's biggest hedge fund firm. More...


Morgan Stanley to set up local hedge fund service
Source: The Australian
IN another sign of the swift evolution of the nation's hedge fund market, Morgan Stanley is launching an Australian hedge fund services business. More...

Next up for advisers is porting alpha
Source: Investment News
The concept of portable alpha has been a hot topic in the institutional world for about the past three years, and now it is seeping into the individual-investment world.   More...

More of Today's Stories continued below...  or  Today's Stories unabridged on the web
 

  Term of the Day & Related News

Sharpe Ratio

The Sharpe ratio is used to characterize how well the return of an asset compensates the investor for the risk taken. When comparing two assets each with return < R > against the same benchmark with return Rf, the asset with the higher Sharpe ratio gives more return for the same risk. Investors are often advised to pick investments with high Sharpe ratios. The ratio was developed by William Forsyth Sharpe. More...

Related News:

Rating your options
Source: Star-Telegram
With interest-rate concerns hanging over the markets, what should small investors do?
More...

Understanding Asset Allocation: In Search of the Upside
Source: informit.com
It is striking how little most people understood about risk as recently as three decades ago. Risk, of course, is that piece of information all investors need to know—and should desire to keep as low as possible in relation to the returns they expect to see on their investments.
More...

 

  Scholarly Article & Related News

Rational prepayment and the valuation of mortgage-backed securities

by R. Stanton
This article presents a new model of mortgage prepayments, based on rational decisions by mortgage holders. These mortgage holders face heterogeneous transaction costs, which are explicitly modeled. The model is estimated using a version of Hansen's (1982) generalized method of moments, and is shown to capture many of the empirical features of mortgage prepayment... More...

Related News:

Lo-doc arrears twice as high
Source: YourMortgage.com.au
A recent report by Standard & Poor's Ratings Services has revealed that lo-doc mortgages are twice as likely to be in arrears than standard residential property loans to traditional Australian borrowers. Confirming the general consensus on the higher risk of these products, the results are not totally unexpected.
More...

Hungry for Yield
Source: Barron's Online
AFTER A WHITE-HOT PACE of issuance in March, new offerings of commercial-mortgage-backed securities have practically disappeared, according to the Barron's/John B. Levy & Co. National Mortgage Survey.
More...

  Top Stories by Category
  Book of the Day & Related News

 
The Intelligent Asset Allocator
by William J. Bernstein
Average Customer Review: 5.0 
out of 5 stars
Price: $19.77
Book Description
A practicing neurologist in remote coastal Oregon, Bernstein comes to the problems of saving and investing not from a broker's perspective, but as someone who had to figure this out himself, from first principles up.

Diversification key for the average investor
Source: Stuff.co.nz
From the school of modern portfolio theory, diversification is possibly the most important investment concept for the average investor. More...

MFs offer more diversification now
Source: The Hindu Business Line

If you thought that the asset management industry in India has already worked out a fairly wide range of equity products, prepare yourself for facts that may surprise you yet. More...

 

  Personal Interest


Google Searches for Fight With New MS Browser
Source: CIO
Internet search giant Google has a beef with the new Microsoft Web browser that includes a search box sending users to Microsoft’s MSN search service, The New York Times reports. More...


Lakers take commanding lead in thrilling overtime
Source: National Post
Kobe Bryant put in his most compelling case for the Most Valuable Player award after the voting was done.
 More...
 

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   Top Stories (Continued)


Packers' foreign raising beats target
Source: The Australian
THE Packer family's Ellerston Capital group has concluded its overseas fund-raising drive, having beaten the $US250 million ($329.3 million) target it set for its Global Equity Managers fund. More...

BlueCrest and Close in hedge venture
Source: Business Telegraph
Bluecrest Capital Management, the hedge fund manager, has formed a joint venture with Close Brothers that will effectively give UK retail investors direct access to its funds. More...

Fund managers go for the long haul
Source: Business Telegraph
The mood is changing among Britain's institutional shareholders. After allowing several major corporations - such as O2, BPB and Pilkington - to be sold to foreign bidders or to private equity, the UK's biggest fund management groups are beginning to act more like owners than traders and to take a longer-term view. More...

Getting the edge on hedge funds & global markets
Source: The Jamaica Observer
For most individuals, hedge funds are seen as risky and complex investments that provide above-average returns to investors with very deep pockets. More...


Hedge funds boost investments in Japan by 38 pct in 2005 - report
Source: Forbes
The balance of assets held by the world's hedge funds in Japan rose 38 pct last year to 54.8 bln usd, the Nikkei Financial Daily reported, citing a study by Columbia University. More...

HFA up 29c after top ASX debut
Source: The Australian
HFA Investments made an impressive debut on the Australian Stock Exchange yesterday with its stock leaping from $1.10 to close at $1.39. More...

Hedge Fund Chief to Plead Guilty
Source: The Los Angeles Times
The founder of a Valencia-based investment firm has agreed to plead guilty to criminal conspiracy charges in connection with a securities fraud that may have cost investors as much as $14 million.  More...


Today's Stories unabridged on the web
 

 
   Today's Humor
There were two buddies, one with a Doberman Pinscher and the other with a Chihuahua. The guy with the Doberman Pinscher says to his friend, "Let's go over to that restaurant and get something to eat." The guy with the Chihuahua says, "We can't go in there. We've got dogs with us." The buddy with the Doberman Pinscher says, "Just follow my lead."

They walk over to the restaurant, the guy with the Doberman Pinscher puts on a pair of dark glasses and he starts to walk in. The bouncer at the door says, "Sorry, no pets allowed." The man with the Doberman Pinscher says, "You don't understand. This is my seeing-eye-dog." The bouncer says, "A Doberman Pinscher?" He answers, "Yes, they're using them now; they're very good and protect me from robbers, too." The man at the door says, "Come on in."

The buddy with the Chihuahua figures, "What the heck," so he puts on a pair of dark glasses and starts to walk in. Once again the bouncer says, "Sorry, pal, no pets allowed." The guy with the Chihuahua says, "You don't understand. This is my seeing-eye dog."
The bouncer at the door says, "A Chihuahua?" The man with the Chihuahua says, "A Chihuahua?????? They gave me a Chihuahua?!"
 

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