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Top Stories |
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Hedge fund firm RAB Capital to launch mining fund
Source:
Reuters UK
British-based hedge fund firm RAB Capital (RAB.L: Quote, Profile
, Research) said on Thursday it will launch a portfolio focusing
on mid- and large-cap metals and mining stocks later this month.
The RAB Global Mining and Resources fund, which will be run by
RAB's Chief Executive Philip Richards, will be launched on Nov
21 and will target returns of more than 20 percent per annum,
the firm said in a note.
More...
Hedge fund guru shorts Wall Street
Source: The Globe and Mail
Jim Rogers, co-founder of the Quantum Hedge Fund with
billionaire George Soros, has boosted his bets against U.S.
securities firms because of their salary "excesses" and
money-losing investments.
More...
Managing Alternative Investments
Source:
On Wall Street
Studies have persistently questioned traditional money managers'
ability to beat their benchmarks over time. But it's a
completely different story for alternative investments.
More...
Citigroup buys fixed-income hedge fund Carlton Hill
Source: MarketWatch
Citigroup Inc.'s alternative investments unit agreed to buy
Carlton Hill Global Capital LLC, a hedge fund specializing in
credit derivatives.
More...
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Term of the Day & Related News |
Long/Short Equity
This strategy involves
investments, long or short, in equities. Traditional equity
value and growth hedge funds purchase stocks which they perceive
to be undervalued and sell stocks which they perceive to be
overvalued. The research-intensive efforts employed in
identifying promising stocks to hold long in a portfolio may
also provide short-sale opportunities, and for this reason many
directional equity funds often maintain both long and short
portfolios. While the long side generally outweighs the short
side in most directional equity funds, there is also a small
group of short-biased funds in which the short side as a general
matter exceeds the long side, sometimes by a significant margin.
More...
Related News:
Madrid Firm Launches
Onshore European L/S Hedge Fund
Source:
FINalternatives
Madrid-based Auriga Securities has launched the Sleipnir
Fund, a quantitative European long/short equity fund and
one of the first Spanish onshore single-manager funds.
According to Pedro Urbina, CEO of Auriga, the fund will
take a purely quantitative and systematic approach to
investing in European companies in different sectors
“with the aim of gaining positive returns in all type of
market environments.”
More...
Maintaining fixed
short position may be a mistake in 130/30s
Source:
InvestmentNews
Quantitative investment strategies that maintain
consistent long and short exposures, commonly known as
130/30s, are hot.
New research, however, suggests that it may be a mistake
to maintain a fixed short position.
More... |
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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:
Morgan Stanley
launches Asia structured product
Source:
Investment Week
Morgan Stanley is launching a structured product called
the Asia (ex Japan) Protected Growth Plan, which gives
investors access to the region’s growth without any
foreign exchange risk.
More...
Bank of Israel: Let
banks issue structured products
Source:
Globes [online]
The Bank of Israel will not support a proposal by Israel
Securities Authority chairman Moshe Tery to ban banks
from issuing structured products, and to limit them only
to marketing them.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
A new look at the important issue of
investment management in the 21st century
Written for professional and private
investors-as well as fiduciaries who rely on
investment professionals-this book presents
the content of an advanced
investment-management course in an
easy-to-read, question-and-answer format.
Robert L. Hagin (Haverford, PA) is a 30-year
investment management veteran who recently
retired as Executive Director for Morgan
Stanley Investment Management. |
Cofunds add
Macquarie managed funds to platform
Source:
FT Adviser
The funds include Macquarie’s Global Infrastructure
Securities Fund a portfolio of infrastructure
securities; the Global Private Equity Securities Fund
made up of equity securities and its Global Property
Securities Fund dedicated to investing in property
securities.
The funds are "designed to meet the growing demand from
investors for diversification alternatives and offer a
range of income and growth returns".
More...
Convergence issues
Source:
Global Pensions
Diversification in the market has lead to convergence as
traditional managers look to out perform alternatives
according to a study by KPMG and CREATE-Research.
More...
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Personal Interest |
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Jerry Seinfeld
Buzzes His Way to the Big Screen
Source:
ABC News
Audiences watched Jerry Seinfeld on the small screen in
his famous "show about nothing" for nine years. Avid
viewers fell in love with Jerry, George, Elaine, Kramer,
the "Soup Nazi" and Junior Mints.
More...
Chrysler to Cut
11,000 Jobs and Drop Models
Source:
The New York Times
Chrysler LLC said today that it would cut up to 10,000
more hourly jobs, eliminate 1,000 salaried positions,
and discontinue shifts at five assembly plants in the
United States and Canada, in the first major steps under
its new private owners.
More...
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