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Top Stories |
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Goldman’s Agus Starts In-House Hedge Fund
Source:
FINalternatives
Goldman Sachs has moved its most successful proprietary trader
to its asset management unit, where he will run a new hedge
fund.
Goldman Sachs Asset Management has begun to raise money for
Raanan Agus’ new fund, which will employ a similar strategy to
that he used at the Wall Street giant’s multi-strategy principal
strategies group.
More...
Moody's issues Brevan Howard first Euro ops rating
Source: Reuters UK
Credit rating agency Moody's Investors Service assigned on
Tuesday an operational quality rating to Brevan Howard Master
Fund Limited, the flagship fund of Brevan Howard, its first such
rating issued to a European hedge fund manager.
More...
Global Hedge Funds 'Industrializing' in Evolutionary Development
Source: EarthTimes.org
The world's leading hedge funds managers are more concerned
about attracting and retaining talented people and managing
growth than anything else, according to new research --
Navigating New Complexities -- published today by Ernst & Young.
More...
Morningstar Reports Third-Quarter 2007 Hedge Fund Performance
Source: The Australian
Morningstar, Inc. , a leading provider of independent investment
research, today reported a summary of hedge fund performance for
the third quarter of 2007. Hedge funds in Morningstar's database
returned an average of 2.44% over the third quarter of 2007,
outperforming the S&P 500 Index and the MSCI World Index in U.S.
dollars. September gains of 3.7% overcame poor performance in
July and August of 0.42% and negative 1.63%, respectively.
More...
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Term of the Day & Related News |
Event-driven
Event-driven
strategies involve investments, long or short, in the securities
of corporations undergoing significant change (e.g., spin-offs,
mergers, liquidations, bankruptcies). Such change often provides
managers with a tangible catalyst by which the manager may be
able to realize the expected change in value in the underlying
security. Substantial profits may be generated by managers who
correctly analyze the impact of the anticipated corporate event,
predict the course of restructuring and take positions
accordingly.
More...
Related News:
Market likely to
mirror event-driven trends
Source:
The Economic Times
At various points in this four-year bull run investors
have wondered where and when a bubble situation would
arise. Last week showed the first clear signs of
irrational exuberance. While the Sensex level of 17,000
was itself a bit stretched, the rise thereafter has been
crazy. Fundamentals would hardly explain the kind of
frenzied rise.
More...
Funds of hedge funds
see opportunities in turbulence
Source:
Reuters UK
Market turbulence has created windows of opportunity for
managers of funds of hedge funds eager to scavenge
profits from ongoing volatility even while they are wary
of an economic downturn, a Reuters poll showed.
The quarterly survey of 12 such managers in the U.S. and
Europe showed that six still see event-driven strategies
as delivering the best returns in the final three months
of the year, and first quarter of 2008.
More... |
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Scholarly Article & Related News |
The Size of Hedge
Adjustments of Derivatives Dealers' US Dollar Interest Rate
Options
by
John Kambhu
The potential for the dynamic hedging of written options to
lead to positive feedback in asset price dynamics has
received repeated attention in the literature on financial
derivatives. Using data on OTC interest rate options from a
recent survey of global derivatives markets, this paper
addresses the question whether that potential for positive
feedback is likely to be realised. With the possible
exception of the medium term segment of the term structure,
transaction volume in available hedging instruments is
sufficiently large to absorb the demands resulting from the
dynamic hedging of US dollar interest rate options even in
response to large interest rate shocks...
More...
Related News:
Derivatives
demystified
Source:
The Bangkok Post
Mention the derivatives market and a lot of people will
immediately switch off and not bother to listen to
what's being said. Its perceived complexity is a huge
barrier but there is money to be made for those who care
to dig deep and comprehend.
More...
Dresdner derivatives
head steps down
Source:
Credit
Marc Michallet, head of the financial solutions group
for Europe at Dresdner Kleinwort, has left the bank.
It is understood that Michallet, who was based in
London, left over the weekend.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
Can anyone win the investing game?
Considering the small number of mutual funds
that produce market-beating returns, the
task may seem nearly impossible. Even so,
there remains an elite group of investment
professionals who manage to produce
market-beating returns, year after year.
What is their edge? Their edge is defined as
alpha-which represents the portion of an
investment fund's return that is generated
solely by the skills of the portfolio
manager. Investors, traders, and speculators
alike have searched for a dependable source
of alpha for as long as there have been
financial markets. How much of this search
is art, and how much is science? The answer
to this and other questions can be found
within this provocative and highly
entertaining book. |
Aberdeen alpha
Source:
Financial Times
Not so long ago Aberdeen Asset Management was a broken
business, with its senior executives facing the
regulatory gallows and a good portion of its clients
ruined.
More...
Vermont Seeks
Portable Alpha Managers
Source:
FINalternatives
The Vermont Pension Investment Committee is seeking
proposals from investment management firms to manage a
portable alpha mandate for the Vermont State Retirement
System’s $3.3 billion defined benefit pension plan.
More...
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Personal Interest |
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China Warns U.S. on
Dalai Lama Trip
Source:
The New York Times
Chinese officials warned the United States not to honor
the Dalai Lama, saying a planned award ceremony for the
Tibetan spiritual leader would have “an extremely
serious impact” on relations between the countries.
More...
'Giant dino' found
in Argentina
Source:
BBC News
Scientists think they have found a new species of giant
plant-eating dinosaur, Futalognkosaurus dukei, that
roamed the Earth some 80m years ago.
It would have measured at least 32m (105ft) in length,
making it one of the biggest dinosaurs ever found,
Argentine and Brazilian palaeontologists say.
More...
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