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Top Stories |
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SkyBridge Capital invests in eighth start-up hedge fund
Source:
FinancialNews-US.com
SkyBridge Capital, which provides seed money for hedge fund
start-ups, has invested in U Capital Group, a distressed
investment fund, even as the risk of consolidation looms over
the industry.
More...
Bear Stearns Draws Probe On Fund Trades
Source: The Wall Street Journal Online
Massachusetts securities regulators are investigating whether
Bear Stearns Cos. improperly traded with two in-house hedge
funds that collapsed this summer, saddling investors with added
losses.
More...
Merrill launches technology
platform for hedge funds
Source: FinancialNews-US.com
Merrill Lynch has launched a platform to provide a more
efficient service to hedge funds in a campaign to build a more
competitive prime brokerage business to gain market share from
the three banks that currently dominate the sector.
More...
Gemini Rushes Into Gold With First Hedge Funds
Source: FINalternatives
Gemini Futures in August began trading its first two hedge fund
strategies, looking to capture profits from gold deposits, which
was previously only accessible to industry insiders such as
metals mining companies, manufacturers and bullion dealers,
according to the firm.
More...
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Term of the Day & Related News |
High Yield
In finance, a high
yield bond (non-investment grade bond, speculative grade bond or
junk bond) is a bond that is rated below investment grade at the
time of purchase. These bonds have a higher risk of default or
other adverse credit events, but typically pay higher yields
than better quality bonds in order to make them attractive to
investors.
Global issuance of high yield bonds more than doubled in 2003 to
nearly $146 billion in securities issued from less than $63
billion in 2002, although this is still less than the record of
$150 billion in 1998. Issuance is disproportionately centered in
the U.S.A., although issuers in Europe, Asia and South Africa
have recently turned to high yield debt in connection with
refinancings and acquisitions. In 2006, European companies
issued over €31 billion of high yield bonds.
More...
Related News:
Merrill named sole
bookrunner to sell $357m in junk bonds
Source:
FinancialNews-US.com
UK oil and gas company Melrose Resources is set to test
the fragile appetite for high-yield debt in Europe after
mandating Merrill Lynch as sole bookrunner to sell €250m
($357m) worth of junk bonds – the first euro denominated
transaction of its kind in over 80 days.
More...
UPDATE 1-Melrose to
test market with high yield bond
Source:
Reuters UK
British-based oil and gas explorer Melrose Resources Plc
(MRS.L: Quote, Profile , Research) said on Thursday it
plans to issue a 250 million euro ($355 million) bond
which will be the first high yield euro non-financial
issue since the summer.
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:
Structured equity
benefits from US credit turmoil
Source:
FinancialNews-US.com
Even those unfamiliar with the acronym-ridden lexicon
that is the structured credit market will know complex
structured credit products are out of fashion. Constant
proportion debt obligations, collateralized debt
obligations of asset-backed securities and their ilk are
disappearing and are “not going to come back any time
soon” as this paper reported US investors saying last
week.
More...
Whether soft or
hard, returns can be bettered
Source:
Yahoo! News
As commodity prices hit record highs, private investors
are being offered new ways to enhance the returns
available from a range of natural resources.
Exchange-traded funds (ETFs) are soon to be issued
giving access to longer-dated commodity futures, which
can generate extra profits if forward prices converge
with higher spot prices. And the latest structured
products are gearing up commodity returns by 160 per
cent, while giving 100 per cent capital protection.
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
Economist, actor, author, and former quiz
show host Ben Stein teamed up with
investment psychologist Phil DeMuth to
examine a century of stock market data and
discovered a profound and original
investment truth: Yes, you can time the
market! In their instant investment classic
Yes, You Can Time the Market!, Stein and
DeMuth show investors simple, readily
available measurements that tell them when
it's time to invest in stocks, bonds, real
estate, or cash. |
Crash and quivers a
lesson, not guide
Source:
The Sydney Morning Herald
Twenty years on, and the question on everyone's lips is
whether the crash of 1987 could happen again. It is the
wrong question. Of course it could - and it almost
certainly will. But it is pointless to speculate when. A
more useful question is what investors have learned from
the 1987 crash, and from the market fluctuations since.
If we can't predict the future, we should at least learn
the lessons of history.
More...
Bullish timers and
bubbling BRICs
Source:
MarketWatch
Anxious investors may be unnerved by the steady erosion
of the dollar and the seemingly endless ascent of the
price of oil, but, as Mark Hulbert reported last week,
the investment newsletters with the best long-term
market timing records remain firmly committed to the
current bull market.
More...
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Personal Interest |
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Historic bill in
Senate to fight warming
Source:
The San Francisco Chronicle
A bipartisan group of senators, borrowing heavily from
California's efforts to fight climate change, fired the
starting gun on what's expected to be a long
global-warming debate in Congress with a proposal for
limits on greenhouse gases affecting every major segment
of the nation's economy.
More...
Brownback may quit
presidential run today
Source:
The Boston Globe
As Republican presidential candidates gather today to
court the key constituency of evangelical Christians,
Senator Sam Brownback, who has staked his campaign on
winning over religious conservatives, is expected to end
his run in his home state of Kansas.
More...
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