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Top Stories |
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High-water Marks
Source: The New Yorker
Prior to the launch of the annual Hedge Fund Regatta, which took
place in New York Harbor one recent mild evening, Michael
Fortenbaugh, the commodore of the Manhattan Sailing Club, called
the competing skippers together at the marina in Battery Park
City.
More...
Will Credit Crisis End the Activists’ Run?
Source:
The New York Times
The recent credit crunch may strip activist shareholders like
Carl C. Icahn of an important tool of their trade. The reason:
Their strategies often depend on access to cheap capital.
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Right hedge funds can provide in troubled times
Source: InvestorDaily
Hedge funds with the right formula can provide healthy returns
in the current turbulent market conditions, according to the
chief executive of an Australian alternative investment firm.
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SAC Capital falls 6% while few hedge funds gain
Source: FinancialNews-US.com
SAC Capital, the world's most expensive hedge fund manager,
joined the majority of hedge funds that lost money in early
August, with its multi-strategy fund falling 6%.
More...
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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.
Combinations of derivatives and financial instruments create
structures that have significant risk/return and/or cost savings
profiles that may not be otherwise achievable in the
marketplace. Structured products are designed to provide
investors with highly targeted investments tied to their
specific risk profiles, return requirements and market
expectations.
More...
Related News:
DIFX TraX platform
to be launched in Dubai
Source:
Business Intelligence Middle East
The Dubai International Financial Exchange, with the
help of Deutsche Bank, Merrill Lynch and Morgan Stanley
is starting a marketplace for structured products in a
bid to attract individual investors to the bourse.
More...
Don’t Understand?
Don’t Invest!
Source:
MoneyManagement.com.au
One of the defining elements of the modern financial era
is the development of financial engineering and product
structuring.
Once upon a time, long ago, investing was simple. People
invested in things, and they received the return that
those things produced. The progressive development of
derivatives’ markets brought more complexity, with
different opportunities and risks.
More... |
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Scholarly Article & Related News |
Real Interest Rates and
the Default Rate on High-Yield Bonds
by Martin
Fridson, Christopher Garman, & Sheng Wu
Determinants of the aggregate default rate on high-yield
bonds have been of interest at least since 1990 - 1991, when
the proportion of defaulting issued reached effectively its
highest level since the Great Depression. With recovery by
the mid-19902, and a new record volume of issuance in 1993,
analysts have wondered whether another wave of financial
failures will follow. This research shows that nominal
interest rates are not highly correlated with aggregate
default rates on high-yield bonds...
More...
Related News:
US HIGH YIELD-Credit
squeeze triggers rise distressed debt
Source:
Reuters
The distressed debt market may be finally coming to life
as fallout from the U.S. subprime mortgage debacle
creates an increase in the volume of discounted bonds,
and more could be on the way if economic growth loses
momentum.
More...
Bank of America
Broadens High Yield Research Coverage With Addition of
Lionel Jolivot
Source:
CNNMoney.com
Bank of America today announced that Lionel Jolivot will
join Banc of America Securities as a principal and
senior research analyst. In this role, he will provide
high yield debt research on the Services, Industrials,
Aerospace & Defense sectors. Jolivot will be based in
New York and will report to Larry Bland, Global Head of
High Yield Debt Research.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
J. Mark Mobius is the globetrotting manager
of emerging-markets portfolios for the
Templeton group of mutual funds. He has
gained celebrity for his legendary success
in uncovering investment opportunities in
obscure corners of the world--for that and
for his shaved head. In Mobius on Emerging
Markets, he gracefully describes the
demographic, technological, and ideological
trends that have been accelerating growth in
what was once known as the Third World. |
Citigroup Names
Lathrop Credit Trading Head, Combining Units
Source:
Bloomberg
Citigroup Inc., the largest U.S. bank, named Carey
Lathrop head of a newly combined credit-trading
businesses for developed and emerging markets, replacing
two executives who left.
More...
Emerging markets
still a big draw
Source:
Business Standard
Three such funds have been launched recently, more are
in the pipeline.
The appetite for emerging markets such as India, China
and others remains strong despite the recent turmoil in
Asian and American markets.
More...
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Personal Interest |
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Why Gonzales Finally
Caved
Source:
TIME
The Administration line on Alberto Gonzales's
resignation is that he made the decision on his own,
after weeks of consideration. On Friday, at the end of a
two-week vacation in Texas, the Attorney General called
President Bush and told him "that he felt it would be in
the best interest of the [Justice] department," if he
stepped down, according to a senior Administration
official.
More...
Djokovic Looking for
a Piece of the Pie
Source:
The New York Times
In a way, Novak Djokovic’s tennis career began at the
Red Bull, the pizza-and-pancakes place his parents
opened about 15 years ago in the Serbian ski resort town
of Kopaonik.
More...
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