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Top Stories |
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Commodity Hedge Fund Assets May Rise to $35 Billion (Update1)
Source:
Bloomberg
Investments in commodity hedge funds may rise to about $35
billion by the end of the year as more traders set up funds to
take advantage of wide swings in prices for energy, metals and
agriculture, according to Cole Asset Management. More...
Hedge fund billionaire takes Citigroup stake
Source:
Times Online
Speculation that Citigroup could be a candidate for a break-up
resurfaced today as Edward Lampert, the billionaire hedge fund
manager, emerged with a stake worth more than $800 million (£400
million) in the world's largest financial services group.
More...
Pascucci move illustrates credit hedge fund boom
Source:
FinancialNews-US.com
Hedge funds have been recruiting top talent from investment
banks for years and last week’s move by Deutsche Bank’s former
co-head of global capital markets was another example of the
shift.
More...
UPDATE 1-Merrill exec Kim leaves to set up hedge fund
Source:
Reuters
Merrill Lynch & Co. (MER.N: Quote, Profile , Research) said on
Wednesday that Dow Kim, co-president of its global markets and
investment banking group, was leaving the firm by year-end to
set up a multi-strategy hedge fund firm.
More...
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Stories continued below... or
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Term of the Day & Related News |
Convertible Arbitrage
This strategy primarily involves taking long positions in
convertible bonds or warrants, hedged with a short position,
typically in the underlying stock. Convertible bonds and
warrants (as derivatives) are priced as a function of the price
of the underlying stock, expected future volatility of returns,
risk-free interest rates and the issuer-specific corporate
Treasury yield spread. However, in many cases, convertible bonds
and warrants are not accurately priced due to illiquidity in the
convertible debt and warrant markets as compared to the markets
in the underlying common stocks, uncertainty concerning the call
or redemption features of convertible securities and lesser
market focus on these derivatives as opposed to the equities
into which they are convertible or exercisable. These
mispricings may give rise to significant profit opportunities,
as positions are acquired in anticipation of the market price
eventually reflecting true value.
More...
Related News:
New world to raise HK$6 bln
from convertible bond sale
Source:
China Knowledge
New World Development, a diversified conglomerate with
investments in property, telecommunications and retailing, plans
to raise HK$6 billion from the sale of convertible bonds.
More...
Convertible bond funds ride
stocks' run
Source:
MarketWatch
Investors have embraced one-stop target date- and balanced
mutual-funds, but they may be passing up potentially higher
returns from convertible debt securities.
"It's an area of the market that's generally overlooked," said
Larry Keele, manager of Vanguard Convertible Securities Fund.
More... |
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Scholarly Article & Related News |
Alternative Approaches
to Financial Crises in Emerging Markets
by
Jeffrey D. Sachs
Developing countries fall into international financial
crises for a variety of reasons, including fiscal
profligacy, exchange rate mismanagement, international
financial shocks, financial liberalization, and weaknesses
in the domestic banking sector. Market expectations may play
an independent role in a financial crisis, by triggering a
self-fulfilling financial panic. International public policy
should be aimed first and foremost at avoiding financial
crises, but must also be prepared
to ameliorate financial crises after they begin...
More...
Related News:
HSBC launches global
emerging markets equity fund
Source:
Investment Executive
HSBC Investment Funds (Canada) Inc. has launched the
HSBC BRIC Equity Fund, providing investors with access
to the substantial opportunities anticipated from the
high-growth emerging market economies of Brazil, Russia,
India and China (BRIC).
More...
Pimco's Gross
Recommends Emerging-Market Local Debt, Currencies
Source:
Bloomberg
Bill Gross, manager of the world's biggest bond fund,
said developing nations' local bond and currency markets
may provide the best returns this year as their
strengthening economies lure foreign investment.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
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. |
Credit derivatives
still untested -Fed's Minehan
Source:
Reuters
Boston Federal Reserve Bank President Cathy Minehan on
Tuesday said that credit derivatives have become more
robust and can help spread risk, but remain untested by
a major financial upheaval.
More...
Garth Mackenzie:
Head of derivatives trading, BoE Private Clients
Source:
MoneyWeb
Garth Mackenzie joins us to talk single-stock futures.
Garth, this is something that we've discussed many times
in the past but, as we found out, you can never educate
too much. Single-stock futures, I guess, for a trader
have got to be, well, one of the best inventions of
recent years.
More...
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Personal Interest |
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Yolanda King,
daughter of Martin Luther King Jr., dies at age 51
Source:
Canada.com
Yolanda King, an actress and producer as well as the
eldest child of U.S. civil rights legend Rev. Martin
Luther King Jr., has died after apparently suffering
heart failure. She was 51.
More...
New Amazon music
store drops copy restrictions
Source:
Mail & Guardian
Amazon.com said on Wednesday it is launching an online
music store this year featuring millions of songs
without copying limitations.
The online retail giant said it has signed a deal with
British-based music publisher EMI Music to include its
music catalogue as well as those from 12 000 other music
labels.
More...
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