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Top Stories |
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Bernanke-hedge funds important for markets
Source:
Reuters
Federal Reserve Chairman Ben Bernanke on Wednesday told
lawmakers that hedge funds and other private pools of capital
provide important benefits for the markets and the economy.
More...
Bear Stearns' credit hedge funds almost wiped out
Source:
MarketWatch
Two Bear Stearns Cos. hedge funds that made big bets in the
subprime mortgage market are worth virtually nothing, according
to a letter the investment bank sent to clients.
More...
Are China's hedge funds delivering alpha?
Source:
AsianInvestor.net
Not surprisingly, the strong gains made by China’s equity
indices over the last 18 months have been reflected in the
performance of China-oriented hedge funds.
More...
Australian Dollar Rises to 18-Year High on Hedge Fund Concerns
Source:
Bloomberg
The Australian dollar rose to the strongest in 18 years on
speculation losses at a hedge fund run by Bear Stearns Cos. will
bolster demand for financial assets outside of the U.S.
More...
More of Today's
Stories continued below... or
Today's Stories unabridged on the
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Term of the Day & Related News |
Risk Arbitrage
This strategy involves
transaction-specific analysis seeking to profit by acquiring
securities which are discounted from the value to be paid for
them in a proposed merger or acquisition due to the uncertainty
of transaction timing and completion. The difficulty is in
analyzing the risk of delay or non-completion and determining
when during the period from the commencement of a proposed
merger or acquisition to the conclusion (successful or
unsuccessful) of the transaction it is most efficient — on a
present value basis — to take a position. Risk/merger arbitrage
Portfolio Managers typically seek speculative profits from the
purchase of shares in forecasted acquisition targets, while
maintaining defensive positions through hedges in acquiring
companies and disciplined risk management.
More...
Related News:
KPMG says M&A peak
near
Source:
Reuters UK
Worldwide M&A deal volume is set to fall after a final
hurrah of fewer but larger transactions, KPMG's
corporate finance team said on Monday.
More...
Buoyant market fuels domestic M&A boom
Source:
Shanghai Daily
CHINA's buoyant equity markets are fueling a domestic
merger and acquisition boom, while higher valuations and
regulatory hurdles slow foreign deals, an industry
report said yesterday.
More... |
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Scholarly Article & Related News |
Do fixed income
securities also show asymmetric effects in conditional
second moments?
by Lorenzo
Cappiello
The so-called “asymmetric volatility” phenomenon is one of
the empirical regularities shown by (conditional) estimates
of equity second moments. Typically, volatility increases
more after negative than positive return shocks of the same
magnitude, and, sometimes, it even falls subsequent to an
increase in stock prices. Two explanations have been put
forth for this phenomenon: The leverage effect hypothesis,
due to Black (1976) and Christie (1982), and the volatility
feedback effect proposed by Campbell and Hentschell (1992)
and extended by Wu (2000). Surprisingly, whereas there has
been a proliferation of conditional econometric models able
to capture asymmetry in volatility (see Hentscell, 1995, for
a synthesis), there is a lack of conditional econometric
specifications able to explicitly model asymmetry in
covariances.
More...
Related News:
Raymond Chandonnet
Joins Sandler O’Neill Fixed Income Division
Source:
BusinessWire
Sandler O’Neill + Partners, L.P., a full-service
investment banking firm specializing in financial
services companies, announced today that Raymond E.
Chandonnet, most recently a Managing Director and Head
of Bank Strategy Sales at JPMorgan Securities, has
joined the firm as a Managing Director in its Fixed
Income Sales Division and will serve as Chief Strategist
in the Balance Sheet Management Group.
More...
UPDATE: My Word Is
My Bond: How Fixed-income Is Traded
Source:
CNNMoney.com
While human beings are a rarer and rarer sight on modern
electronic stock exchanges, the vast majority of trades
in the corporate bond market are still executed in
time-honored fashion between buyers and sellers -- over
the telephone.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
Offers detailed material on indicator
construction, application, and
interpretation. Covers the following
indicators: Oscillators, TD sequential, TD
combo, TD Lines, TD Retracements, Breakouts,
TD Moving Averages, Market Timing
Techniques, and TD Triangulation and TD
Propulsion. DLC: Investment Analysis. |
YOUR TWO CENTS --
Timing is nothing
Source:
SanLuisObispo.com
It's hot on Wall Street - maybe too hot. With stocks
sizzling into record territory, some market watchers are
worried the next big move could be a nose-dive.
More...
For Better Market
Timing, Rely on Systems, Not Emotions
Source:
TradingMarkets.com
The S&P 500 hit an all-time high Thursday, and
year-to-date the index is up 10.2%. The bull market just
keeps on rolling despite negative sentiment about
subprime lending, the housing slowdown, the plunging
dollar, high oil prices, and weak retail sales data on
Friday.
More...
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Personal Interest |
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RIM unveils new
dual-mode BlackBerry 8820
Source:
Monsters and Critics
Canadian wireless device company Research in Motion
(RIM) has this week pulled the covers of expectation
from its latest BlackBerry 8820 smartphone, which the
Ontario-based specialist is lauding as its thinnest
handset and also its very first dual-mode BlackBerry
entrant.
More...
Senate Democrats
Target Tobacco
Source:
The New York Times
Senate Democrats are pushing ahead with plans to give
the Food and Drug Administration the power to regulate
tobacco products, but they will have to beat back
significant Republican opposition.
More...
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