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Top Stories |
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Harvard said to lose $350M in hedge fund
Source:
CNNMoney.com
Harvard has lost about $350 million in the last month through an
investment in a hedge fund founded by one the university's
former money managers, according to a report published
Wednesday.
More...
Hedge Funds Pluck Money From
Air in $19 Billion Weather Gamble
Source:
Bloomberg
Credit Suisse Group trader Patrick Ayash rarely reads earnings
estimates and just skims news about inflation. One thing he
never misses: the daily weather report.
More...
PSource Floats Structured Debt Hedge Fund
Source: FINalternatives
U.K.-based PSource Capital Group is taking on the sinking
credit market with a new offering. The firm this week raised £30
million (US$61 million) on the London Stock Exchange for its
PSource Structured Debt Limited, a structured debt hedge fund.
More...
Bear Stearns Blocks Withdrawals From Third Hedge Fund (Update4)
Source:
Bloomberg
Bear Stearns Cos., the manager of two hedge funds that collapsed
last month, blocked investors from pulling money out of a third
fund as losses in the credit markets expand beyond securities
related to subprime mortgages.
More...
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Term of the Day & Related News |
Market Timing
Market timing is the
strategy of making buy or sell decisions of financial assets
(often stocks) by attempting to predict future market price
movements. The prediction may be based on an outlook of market
or economic conditions resulting from technical or fundamental
analysis.
More...
Related News:
In All Things
Moderation, Including Market Timing
Source:
The New York Times
WHEN it comes to making asset allocation decisions in
your portfolio, it is best not to be dogmatic. That is
the conclusion of a new study, which found that
investors are likely to do better over the long term by
resisting the advice of those who take extreme positions
about how much of their portfolios should be allocated
among the various asset classes.
More...
Market Timing, Part
II
Source:
Forbes
In Thursday's blog, I quoted John Buckingham, who runs
Al Frank Asset Management. John manages a good chunk of
the Karlgaard household money, and he wrote to say
market timing was a bad idea.
Of course, John takes a five- to six-year view of
stocks. His idea is to scour the market for value. He
buys stocks with low valuations and lots of cash on the
balance sheets. John does not evaluate management. He
does not worry about whether Democrats or Republicans
are running the country. He buys dollar bills for 50
cents and patiently waits. His style is early Warren
Buffett.
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Scholarly Article & Related News |
Credit Ratings for
Structured Products
by Andrew
Carron, Phoebus J. Dhrymes, & Tsvetan N. Beloreshki
In late 2001, Moody’s Investors Service (“Moody’s”) awarded
a contract to National Economic Research Associates (“NERA”)
to conduct an independent study on aspects of the ratings
process for structured products. The study does not attempt
to duplicate the process by which a credit rating is
awarded. Rather, it compares the performance of rated
structured finance products, and aims at evaluating the
systematic differences, if any, created through the rating
processes employed by the major credit rating agencies...
More...
Related News:
Structured products
and the two-minute rule
Source:
FinanceAsia.com
Structured products may be complicated when you peel
back the wrapping, but they should be easy to explain to
investors, says Frenklah at RBS.
Garry Frenklah is responsible for private bank sales at
Royal Bank of Scotland in Hong Kong. Here he speaks
about what role structured products should play in an
investor's portfolio and what products to avoid.
More...
A V Rajwade: Complex
structures and rating agencies
Source:
Business Standard
The new structures are very complicated—last year, the
US issued 250 patents for financial products.
In last week's article, I had referred to the criticism
rating agencies are facing for not having foreseen the
problems in the sub-prime mortgage market.
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
To "sell short" on Wall Street, an investor
finds overpriced stocks and then deals them
before actually buying them. Regularly
falling in and out of favor, the discipline
remains one of the financial market's
highest-risks but most profitable practices.
The Art of Short Selling by Kathryn Staley,
an expert in the field, uses examples and
instructions to show how it can be done
successfully--while cautioning that it "is
not for the faint of heart." |
Could Short-Sellers
Tip the Boat, Sending Markets to the Depths?
Source:
The Wall Street Journal Online
For the past five years, investors have fired their
cannons out of just one side of the ship. Stock markets
have risen, and investors have done well simply by
"going long," or owning shares outright. That has made
for dismal returns among "short-sellers," who bet on
prices falling by borrowing shares and selling them in
the hope of buying them back cheaply later.
More...
Short sellers bank
on financial sector ETF
Source:
MarketWatch
Professional money managers and hedge funds have ramped
up short positions in a popular exchange-traded fund
tracking the financial-services sector as investors grow
increasingly concerned about credit quality, interest
rates and slowing corporate profits.
More...
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Personal Interest |
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Obama to Deliver
Bold Speech About War on Terror
Source:
ABC News
In a strikingly bold speech about terrorism scheduled
for this morning, Democratic presidential candidate
Illinois Sen. Barack Obama will call not only for a
withdrawal of U.S. troops from Iraq, but a redeployment
of troops into Afghanistan and even Pakistan — with or
without the permission of Pakistan President Pervez
Musharraf.
More...
Whoopi Officially
Joins ABC's `The View'
Source:
The Washington Post
Whoopi Goldberg, officially named Wednesday as the new
moderator of "The View" as the show puts Rosie O'Donnell
in its rearview mirror, said her new job is a "big ol'
thrill for me."
More...
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