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Baruch alum offers hedge fund advice
Source: The Ticker
I recently obtained an exciting opportunity to interview Oleg
Langbort, a successful recent Baruch alum, at Bryant Park. I
hope the following article would be insightful for those of you
who are interested in pursuing careers in hedge funds.
More...
Branson Bid for Northern
Rock Gets a Little Help From His Friends
Source:
The Wall Street Journal Online
SIR RICHARD BRANSON'S roll of well-respected backers gives an
edge to his quest for Northern Rock. On his own, the
entrepreneur would look an unlikely savior for the U.K. mortgage
bank. His Virgin brand would only go so far. But with names like
American International Group, Toscafund Asset Management and WL
Ross on board, Mr. Branson's gambit looks far more credible.
More...
Cazenove to offer 10% total
return fund for Russell
Source: Investment Week
Cazenove is planning an open-ended absolute return vehicle under
Tim Russell targeting an annualised return of 10%, Investment
Week understands.
This will be among the first pure absolute return offerings in
the market rather than a cash-plus vehicle and will invest
solely in UK equities. More...
City Students Will Cash In For Top Test Scores
Source:
The New York Sun
New York City public school students will have another
opportunity to turn high test scores into cash this year, thanks
to a private project that is offering as much as $1,000 for a
top score on an exam. The program, the brainchild of a hedge
fund manager who has made improving public schools a serious
hobby, is promising students at 31 city high schools a sliding
scale of prize money if they pass college-level tests called
Advanced Placement exams. A perfect 5 out of 5 yields $1,000; a
4 earns $750, and a 3, the lowest passing score, gets $500.
Schools will also receive checks calculated to match their
students' improvements.
More...
Ex-Tribeca chief resurfaces
Source:
eFinancialNews
Tanya Styblo Beder, former chief executive of Tribeca
Global Management, an internal hedge fund at Citigroup, has
returned to the risk consulting business she founded 20 years
ago. She left Citigroup in September 2006 after less than two
years at the bank.
More...
Hedge funds find trend is their friend
Source:
Yahoo! News
What did you do last summer? Hedge fund managers are bracing to
answer that question. The initial answers are intriguing.
A study by Thomson Financial of trading in the 30 stocks of the
Dow Jones Industrial Average, using figures taken from custodial
banks, suggested that hedge funds had quit the market more
swiftly than anyone else in the two weeks before stocks bounced
in mid-August.
More...
Securities Pricing: A Hybrid Hedge Fund/Private Equity Valuation
Model
Source:
SeekingAlpha
The issue of securities pricing for purposes of portfolio
valuation is now front-page news (see last Friday's Wall Street
Journal, for starters), seemingly every day. And with good
reason: it gets to the very root of the trust relationship that
(should) exist between portfolio managers and their investors,
as well as the integrity of financial reporting.
More...
Stressed Out on Wall Street
Source:
BusinessWeek
Over the summer, hedge fund manager Nandu Narayanan found
his temper growing short. At the height of the selling in
August, the credit markets ground to a halt and many banks and
hedge funds were forced to divest assets at steep discounts.
Worry about the extent of risk in mortgage-backed securities
reached a fever pitch, leading to a 10% correction.
More...
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