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Top Stories |
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Toronto hedge fund event offers investors a unique opportunity
Source:
The National Post
Following up on the success of the inaugural Investors Meet
Canadian Hedge Fund Managers Forum in April, Introduction
Capital’s Karen Azlen has organized a second event set for this
Thursday.
Sixteen managers will make presentations to a private audience
of investors comprised of sophisticated and accredited high-net
worth individuals, fund of funds, groups from the U.S., and
perhaps even a couple from Europe.
More...
Bank calls for cluster analysis of hedge funds
Source: MoneyMarketing
The convergence between hedge fund and equity market returns
could cause confusion on how such funds should be used to
diversify investment portfolios, says the Bank of New York
Mellon.
More...
Synergy raises $200m
Source: FT Alphaville
A new hedge fund run by former senior managers at Nomura and
Cheyne Capital has raised $200m to lend to companies struggling
to raise cash from banks. Synergy Global Capital, based in
London, was set up this month by Stefano Ghersi, who sued Nomura
for unfair dismissal after leaving his job as head of debt
capital markets last year, and Syd Hanna, who ran Cheyne’s
listed hedge fund until last year.
More...
Economic Academics
Source: HartfordBusiness.com
The growing and lightly regulated hedge fund industry is
attracting new players -- business school professors eager to
test their theories in a field known for big risks and
occasionally bigger rewards.
More...
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Term of the Day & Related News |
Fixed Income Arbitrage
Fixed income arbitrage
attempts to capture mispricings which develop between related
classes of fixed income securities — mispricings which may be
exploited, on a leveraged basis, for significant returns. This
general strategy type includes basis (e.g., cash vs. futures),
yield-curve and credit spread trading, as well as volatility
arbitrage. An unusually high degree of leverage is often
available, and often emphasized, in fixed income arbitrage.
More...
Related News:
SGAM names
Marie-Anne Allier as deputy head of fixed income
Source:
Thomson Investment Management News
Societe Generale Asset Management has promoted
Marie-Anne Allier, current head of European bonds, to
the position of deputy head of fixed income investments.
She reports to Eric Brard, head of fixed income and
money market investments, and is responsible for the
development and promotion of fixed income and money
market investment management as well as the operational
management of fixed income funds.
More...
Fixed income
instruments a must for any portfolio, volatile times
call for reassessment of weightings
Source:
cbc.ca
It's been a volatile year on stock markets and analysts
think sharp swings could be a fixture for a while yet
while the U.S. housing sector deteriorates and
uncertainty surrounds credit markets.
It's also a good time to see just how much of your
portfolio is committed to equities and look at its
fixed-income weightings.
More... |
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Scholarly Article & Related News |
Commercial
Mortgage-Backed Securities: An Exploration into Agency,
Innovation, Information, and Learning in Financial Markets
by
Timothy J. Riddiough & Risharng Chiang
This paper tracks a recent financial innovation, the
commercial mortgage-backed security, through its early
development in an attempt to better understand the dynamics
of new product markets. Perhaps most importantly, we
document a critical and central role of financial
intermediaries in product market development. Instead of
assuming a passive credit quality certification role, the
rating agency actively controls security architecture and
its instrumental in determining product design standards...
More...
Related News:
RBS in exclusive
talks on Cheyne SIV assets: sources
Source:
MarketWatch
Royal Bank of Scotland (RBS.LN) is in exclusive talks to
purchase the assets of Cheyne Finance, a structured
investment vehicle, or SIV, that entered receivership
last month, people familiar with the matter said Monday.
More...
Yields drive bond
sales
Source:
The International Herald Tribune
St. George Bank and eight other companies sold 2.02
billion Australian dollars, or $1.8 billion, of bonds in
Australia last week, the most since June, as higher
yields enticed investors to set aside concerns about
further losses from the U.S. housing slump.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
Financial wizard Mahesh Kumar shows how to
guard against the inherent riskiness of the
stock market while still reaping the
benefits of a profitable portfolio in his
new book Wine Investment for Portfolio
Diversification: How Collecting Fine Wines
Can Yield Greater Returns than Stocks and
Bonds. It’s a thorough piece of academic
analysis, which combines the Nobel Prize
winning Markowits Theory and Kumar’s Fine
Wine Fifty Index and empirically proves that
Fine Wine is one of the best diversification
tools available (whether you’re high-finance
or a modest personal investor). |
INTERVIEW-Japan Post
Bank eyes long-term fund diversification
Source:
Reuters
Japan Post Bank plans to diversify risk allocations over
the medium to long term, eyeing credit products such as
corporate bonds as well as domestic and overseas stocks
and foreign bonds, a senior official said on Friday.
More...
With Inflation Up
and Housing Down, Diversification's Still Your Only
Friend
Source:
SeekingAlpha
As economic reports go, this morning's updates don't
easily lend themselves to positive spins.
On the inflation front, today the government advised
that pricing pressures are again bubbling. As a result,
consumer prices rose at an annual pace of 2.8% through
September. That equals the previous annual peak (set
back in March of this year), and is the highest since
August 2006.
More...
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Personal Interest |
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California Fires
Force More Orders to Evacuate
Source:
The San Francisco Chronicle
Tens of thousands of people were ordered to evacuate
their homes today as wind-driven wildfires continued to
spread across Southern California. Near San Diego, a
rapidly advancing blaze prompted authorities to order
the evacuation of the community of Ramona, which has a
population of 36,000.
More...
Report: NBA denied
disciplining refs
Source:
The Sports Network
The National Basketball Association denied a report in
Sunday's New York Daily News that six referees have been
disciplined for violating anti-gambling rules.
More...
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