Friday, August 10, 2007

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 Top Stories


Q4 '07 could be a good time for hedge funds: Collingham
Source: Moneycontrol.com
David Thompson, Partner at Collingham Capital Management says that the fourth quarter of 2007 could be a good time for hedge funds because of all the volatility that has happened. More...

Icahn Sells Hedge Fund Group To Icahn-Owned Company
Source: FINalternatives
With the most recent alternatives firms to hit the public markets experiencing less-than-stellar performance, Carl Icahn picked the New York Stock Exchange route to take his Icahn Funds Management public. More...

Of Hedge Funds and Small Business
Source: Portfolio.com
President Bush wants hedge trimmers to know he cares just as much about them as he does hedge fund managers. That, apparently, is why he's opposing efforts to make the latter pay higher taxes on "carried interest." More...

Man Group delays U.S. hedge fund IPO: source
Source: Reuters
Man Group Plc (EMG.L: Quote, Profile, Research), slated to become the first firm to list a hedge fund on the New York Stock Exchange this autumn, will delay the public offering as market conditions have deteriorated dramatically, a source familiar with the company's plans said on Thursday. More...


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

  Term of the Day & Related News

Emerging Markets

Emerging markets strategies focus on traditional fixed income, value and growth equity investments in markets outside of the United States and Western Europe, including Asia and Latin America as well as Eastern Europe, Africa and the less developed Mediterranean economies. Emerging markets are highly volatile and information relating to the securities traded in these markets is often difficult to obtain. Such inefficient markets offer excellent opportunities for the resourceful manager. More...
 
Related News:

3 Overlooked Emerging Markets
Source
: The Motley Fool
Is now the right time to jump into emerging markets?

After a tremendous five-year run in international markets -- especially emerging markets -- many investors have sought to capitalize on foreign growth by moving assets overseas. According to a recent article in SmartMoney magazine, inflows into international mutual funds have topped $117 billion over the past two years, versus just $18 billion for domestic funds.
More...

Emerging Markets Continue to Outperform Developed Markets in July, Says S&P
Source
: CNNMoney.com
Standard & Poor's, the leading provider of financial market intelligence, announced today that emerging market returns outpaced developed market returns in July. According to Standard & Poor's global stock market review, The World By Numbers, emerging equity markets rose 4.53% for the month versus a 2.02% loss for developed equity markets. Looking at the 12-month period ending in July, emerging market returns continue to remain strong with a 53.94% gain, more than double the developed markets gain of 21.52%. More...

  Scholarly Article & Related News

Fund of Hedge Funds: Industry Overview
by Alexander M. Ineichen, CFA
Given the current hype surrounding investing in hedge funds, we assume that most investors by now will agree that investing in hedge funds can make sense when viewed not in isolation but in a portfolio context. The next step, therefore, is implementation. Investing in fund of hedge funds has some advantages and some disadvantages. This article is designed to look at the fund of funds industry and contrast the advantages with the disadvantages from the investors’ point of view.
More...

 
Related News:

Our survey says: Don't bother following fund of funds managers
Source: Citywire
Citywire Funds Insider has been out and about surveying advisers on their views on fund of funds managers.

In the coming months two fund of funds teams will try to establish themselves at new bases. Fidelity's multimanager team, led by Chris Ralph, has jumped ship to start a new boutique with Resolution Asset Management, while Credit Suisse's former team of Gary Potter and Robert Burdett are setting up shop at Thames River.
More...

Texas Issues $2.6B Multi-Strat Fund Of Funds RFP
Source: FINalternatives
The $25.9 billion Texas Permanent School Fund is looking for a few good multi-strategy fund of funds managers to create and manage an absolute return FoF portfolio in a separate account vehicle. 
More...

  Top Stories by Category
  Book of the Day & Related News

   
Dictionary of Financial Risk Management, Third Edition
by Gary L. Gastineau, Mark P. Kritzman
Average Customer Review: 5.0 
out of 5 stars
Price: $34.97
 
Book Description
Gary Gastineau and Mark Kritzman team up once again for the third edition of this classic reference tool designed for financial analysts and managers. Anyone involved in financial risk management must have a proper understanding of the words, terms, and phrases used in this fast paced field and Dictionary of Financial Risk Management clearly provides that understanding.

Related News:

Schroders says market volatility to continue
Source: Telegraph.co.uk
The chief executive of asset manager Schroders has said that the current volatility in the credit markets will go on for some time.

Chief executive Michael Dobson told journalists: "I think we're in a slightly different environment. The impact on fixed income markets has been quite significant and will take time to work through."
More...

Don't worry about market volatility: Damodaran
Source
: The Economic Times
Downplaying the issue of financial developments in America affecting Indian bourses, market regulator SEBI on Thursday said it will not be proper to link volatility in domestic stock markets to US subprime crisis. More...

 

  Personal Interest


Beckham Makes MLS Debut in Washington
Source: VOA News
English star David Beckham made his Major League Soccer debut Thursday night here in Washington, but his Los Angeles Galaxy club lost to DC United, 1-0. VOA Sports Editor Parke Brewer was at the match at RFK Stadium and has details. More...

Universal offers 'DRM-free' tracks
Source: Guardian Unlimited
Universal Music Group, home to Mika and Amy Winehouse, is making thousands of tracks available as digital downloads free of copying protection in a six-month experiment to test demand. More...

 

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   Top Stories (Continued)


Greenwich hedge index inches up
Source: InvestmentNews
The Greenwich Global Hedge Fund Index increased 0.13% in July and is up 7.98% for the year.

The index, which is put out monthly by Greenwich, Conn.-based Greenwich Alternative Investments LLC, beat out the Standard & Poor's 500, MSCI World Equity and FTSE 1000 indexes, which fell 3.1%, 2.28% and 3.75%, respectively last month. More...

Hedge Funds Aren't Worried About Possible Tax Increases
Source: The Wall Street Journal Online
BLACKSTONE SPENDS big on lobbyists, as Democrats waver on investment-fund taxes.

The private-equity firm paid $3.7 million for lobbying in the first half of this year -- 15 times what it paid in all of last year. About half represents bills owed from 2006, representatives say. Democrats weigh doubts about proposals to raise taxes on private equity and hedge funds. Conservative "Blue Dogs" form task force to decide; black caucus members argue funds benefit inner cities. More...


Hedge funds to suffer due to volatility: Opesprime
Source: Moneycontrol.com
Jay Moghe, CEO of Opesprime Asset Management said that there is a sense of panic going on in Asia. Moghe added that people are re-pricing risk rapidly. More...

LaCrosse Global Fund Services Supports Complex Hedge Funds in Brazilian Market
Source: BusinessWire
LaCrosse Global Fund Services announced today its commitment to supporting complex hedge funds in Latin America as they respond to changing regulations such as those recently adopted by local authorities in Brazil. More...

STUCK INSIDE A 'BLACK BOX'
Source: The New York Post
First it was the mortgage bond funds that fell, and now the credit-market crunch is claiming victims in the highly sophisticated arena of so-called "black box" funds. More...

Where is Queen Midas?
Source: The International Herald Tribune
One of the most enduring myths of ancient times is the story of King Midas, whose passion for wealth was so great that he wished everything he touched be turned to gold. Of course, the coveted "golden touch" proved to be his downfall, as food became inedible and he wound up killing his daughter by turning her into the precious metal. More...

SGAM Launches ‘Alternative Beta’ Fund
Source: FINalternatives
SGAM Alternative Investments is launching the first UCITS III compliant mutual fund under French law that targets a risk/return profile corresponding to the global hedge fund universe. More...

UPDATE: Portfolio Liquidation Triggers Turmoil Among Hedge Funds
Source: CNNMoney.com
The liquidation of a big hedge fund or investment-bank trading portfolio is wreaking havoc in some parts of the hedge- fund business, managers and investors said Thursday. 
More...


Today's Stories unabridged on the web
 

 
   Today's Humor

A police recruit was asked during an exam, "What would you do if you had to arrest your own mother?"

He said, "Call for backup."

 

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