Thursday, September 4, 2008

FREE ACCESS

"Nature does not bestow virtue; to be good is an art." - Seneca

News Related to:  Top Stories  |  By Category  |  Term of the Day  |  Scholary Articles  |  Book of the Day

 Related Website:
  Home  |  News  |  Books  |  Scholarly  |  Definitions  |  Rankings  |  Profiles  |  Archive

 Top Stories


CQS launches $160 mln volatility hedge fund
Source: Reuters
UK hedge fund manager CQS said on Thursday it had launched a new fund that will aim to profit from the volatility that has gripped global stock markets for much of the past year. More...

Hedge funds caught out as Hurricane Gustav fails to lift oil price
Source: Times Online
Several hedge funds face big financial losses after wrongly predicting that oil and gas prices would rise as a result of Hurricane Gustav slamming into the Gulf coast of the US earlier this week. More...

Hedge fund RAB's chief steps down
Source: Reuters
Philip Richards, co-founder of hedge fund firm RAB Capital (RAB.L: Quote, Profile, Research, Stock Buzz), is to step down as chief executive to focus on fund management and will replaced by Finance Director Stephen Couttie, the company said on Thursday. More...

Hedge fund to invest $500m into carbon capture
Source: Financial Standard
Hedge fund group Och-Ziff is investing $500 million in carbon capture projects to create tradable greenhouse gas reduction abatement securities. More...


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

  Term of the Day & Related News

Structured Products
Structured products are synthetic investment instruments specially created to meet specific needs that cannot be met from the standardized financial instruments available in the markets. Structured products can be used: as an alternative to a direct investment; as part of the asset allocation process to reduce risk exposure of a portfolio; or to utilize the current market trend.

Structured investments arose from the needs of companies which want to issue debt more cheaply. Traditionally, one of the ways to do this was to issue a convertible bond, that is, debt that under certain circumstances could be converted to equity. In exchange for the potential for a higher return (if the equity value would increase and the bond could be converted at a profit), investors would accept lower interest rates in the meantime. However this tradeoff and its actual worth is debatable, since the movement of the equity value of the company could be unpredictable.
More...
 
Related News:

Lehman Brothers launches Dual Income structured product
Source
: Investment Week
Lehman Brothers has brought out its latest structured product linked to the FTSE 100.

Issue 1 of the Dual Income Plan offers a regular, defined income for the five-year term. 
More...

IFAs opt to increase portfolio allocation to structured products
Source
: StructuredProductsOnline.com
Over 88% of independent financial advisers (IFAs) have decided to increase their structured products allocations for client portfolios during the next year, according to a recent survey conducted by Keydata Investment Services. The telephone poll, which took place in early August, asked 50 advisers to indicate their strategies concerning a range of asset types, rating whether to increase, maintain, or decrease portfolio allocation. More...

  Scholarly Article & Related News
Asset-Based Hedge-Fund Styles and Portfolio Diversification
by William Fung & David A. Hsieh
Asset-based style factors link returns of hedge-fund strategies to observed market prices. They provide explicit and unambiguous descriptions of hedge-fund strategies that tells us both the nature as well as the quantity of risk. Asset-based style factors are key inputs to portfolio construction and for benchmarking hedge-fund performance on a risk-adjusted basis...
More...

 
Related News:

Painting a rosier future through diversification
Source: Calgary Herald
Merrill Grant launched Paint Direct 15 years ago, but he has been running paint stores for 30 years and began his career in paint way before then while helping his father in a Benjamin Moore warehouse. As a teenager, he met and was immediately impressed with a paint salesman and set his heart on being like him when he left school.
More...

Harvard's Endowment Offers An Education in Asset Allocation
Source: The Wall Street Journal
It's back-to-school week, so let's do some homework by studying the success of Harvard University's endowment.
More...

  Top Stories by Category
  Book of the Day & Related News
 
   
Derivatives: Valuation & Risk Management
by David A. Dubofsky, Thomas W. Miller
Average Customer Review: 5.0 
out of 5 stars
Price: $76.50
 
Book Description
Enables students to acquire a strong working knowledge and thorough understanding of the rapidly growing field of financial derivatives. Ideal for both undergraduate and graduate classes on derivatives, financial risk management, futures, or options.

Related News:

JPMorgan to End Muni Derivatives Practice
Source:
Financial-Planning.com
JPMorgan yesterday announced it will stop structuring interest-rate derivative products for governmental municipal issuers, while also instituting a number of measures designed to tighten controls across its tax-exempt capital markets business.
More...

Nasdaq OMX bags derivatives contracts in South Africa and Columbia
Source
: Finextra.com
Nasdaq OMX is celebrating two significant contracts in the international derivatives markets, specifying the provision of a Central Clearing Counterparty in South Africa, and a trading engine for a new exchange in Columbia. More...

 

  Personal Interest


Giants and Redskins to Meet Almost as Strangers
Source: The New York Times
Last month, Michael Strahan was asked to diagram the Giants’ pass rush that demolished the New England Patriots in the Super Bowl. Strahan began sketching boxes — four across — putting himself on the left, Osi Umenyiora on the right and two teammates in between. More...

Hanna Struggles; Local Impacts Difficult to Pinpoint
Source: The Washington Post
Dry air and moderate wind shear have prevented Tropical Storm Hanna from strengthening, and in fact as of 11 a.m. she is slightly weaker than earlier this morning, with maximum sustained winds near 65 mph. Still, a more favorable environment for strengthening could allow Hanna to reach hurricane strength before making landfall on the Southeast coast, probably late Friday night or early Saturday morning. More...

 

Advertising Space Available

 
   Top Stories (Continued)


Gam opens fund of hedge funds to retail market
Source: Investment Week
Gam has made its Multi-Systematic Trading fund of hedge funds available as a public fund. More...

Hedge funds get a new cop
Source: eFinancialNews.com
Memo to London's hedge fund managers: There is a new supervisor in town. More..


Hedge Funds Sitting on Billions in Cash
Source: MoneyNews.com
It might seem like only oil-rich foreign governments have any cash to invest these days. And they have lots, more than $2.5 trillion by a Morgan Stanley estimate. More...

JGB futures tumble as hedge fund selling spooks
Source: Reuters
Japanese government bond futures tumbled nearly a full point on Thursday, with traders citing selling by foreign funds in a move that was exaggerated by thin conditions. More...

London Borough Considers Alts., Hedge Funds
Source: FINalternatives
The London Borough of Redbridge may be getting back into the alternatives game. 
More...

Most Greenwich hedge funds weathering financial storm
Source: The ADVOCATE
The hedge fund industry in the area may not be booming, but it remains strong despite the occasional fall of large funds, observers say. More...

Some Lehman hedge funds post losses in July
Source: Reuters
Lehman Brothers' (LEH.N: Quote, Profile, Research, Stock Buzz) LibertyView hedge funds lost money in July, when tumbling financial markets left many hedge fund managers nursing their biggest declines of the year. More...

Trends in Hedge Fund Administration 2008: New Celent Report
Source: Bob's Guide
The expansion of third party hedge fund administration continues at a remarkable pace. With the hedge fund industry undergoing seismic shifts, however, administrators are faced with a formidable set of business and operational challenges.
More...


Today's Stories unabridged on the web
 

 
   Today's Humor

Two women were shopping. When they started to discuss their home lives, one said, "Seems like all we do is fight anymore. I've been so upset that I've lost twenty pounds."

"Why don't you just leave him?" asked the friend.

"Oh! Not yet," the first replied. "I'd like to lose at least another fifteen pounds first."

 

 |  Privacy Notice  |  Terms Of Use  |