Tuesday, October 30, 2007

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 Top Stories


'Overheating' Emerging Markets Change Bennett Into Baltic Bear
Source: Bloomberg
John Bennett, who oversees GAM's $1.1 billion European Equity Hedge Fund, says stock prices in developing economies are rising too quickly and the first markets to burst will be those of Lithuania, Latvia and Estonia. More...

For New Hedge Fund, All That Glitters Is Gold
Source: FINalternatives
Newly-formed hedge fund Hinde Capital has launched the Hinde Gold Fund, focusing on the precious metal. The U.K.-based fund will primarily invest in the physical commodity and securities of companies that explore, mine, produce or process gold through a combination of long- and short-term investments. More...

Och-Ziff to Sell $1.26 Billion Stake to Dubai Firm (Update2)
Source: Bloomberg
Och-Ziff Capital Management Group LLC, the hedge-fund firm run by Daniel Och, agreed to sell a $1.26 billion stake to Dubai International Capital LLC, doubling the money it plans to raise in its initial public offering. More...

Upper crust hedge fund stays top of the class
Source: Yahoo! News
Call it Old Money. Crispin Odey is London's longest-serving hedge fund manager, and his Odey Asset Management is - according to investors and bankers - the most upper crust. This year he is also one of the best, with his main fund up 38.3 per cent to the end of September. More...


More of Today's Stories continued below...  or  Today's Stories unabridged on the web

  Term of the Day & Related News

Fund of Hedge Funds

A fund of hedge funds is a fund which invests in several different hedge funds to spread the risks. Funds of hedge funds select hedge fund managers and construct portfolios based upon those selections. The fund of hedge funds is responsible for hiring and firing the managers in the fund. Some funds of hedge funds might have only one hedge fund in it, thus lets ordinary investors into a highly-acclaimed fund, or many hedge funds. More...
 
Related News:

Permal Thinks Ancient For Newest Fund Of Funds
Source
: FINalternatives
For its newest fund of hedge funds, Permal Group is looking at one of the oldest trade routes in the world. The New York-based firm is gearing up to launch the Permal Silk Road Fund at the end of November.

As its name suggests, the fund will concentrate on managers focused all along the ancient commercial highway, including the Middle East and North Africa, Asia ex-Japan, the former Soviet Union and Turkey.
More...

Investors ready to pay more for safer hedge funds
Source
: Reuters
Funds of hedge funds, which promise to spread the risk of investing in these loosely regulated portfolios, may soon find new customers as investors are again ready to pay more for peace of mind.

"Blow-up risks are the biggest worries for investors and you need people on the ground to do the research," said Bryan Schneider, who helps select hedge funds at New England Pension Consultants. More...

  Scholarly Article & Related News

The Interdependece of Managed Futures Risk Measures
by Bhaswar Gupta & Manolis Chatiras
The managed futures industry has grown from just under one billion in 1985 to more than forty billion dollars as of June 2003. This growth has led to closer scrutiny of the diversification properties as well as risk management of managed futures. The term managed futures represents an industry comprised of professional money managers known as Commodity Trading Advisors (CTAs) who manage client assets on a discretionary basis using global futures and options markets as an investment medium [CISDM 2003]...
More...

 
Related News:

New Website Explains Benefits of Managed Futures
Source: SBWire
Managed Futures are an asset class that people have been flocking to for the last decade. As the stock market continues to oscillate and daily price moves of hundreds of points become more common, the wealthy are flocking to non-correlated assets. The commodity markets are in one of the biggest bull markets we’ve seen in decades so it makes sense that people are looking to diversify into these areas and a professionally managed futures account is a perfect solution for many people.
More...

Managed Futures Bounce Back In September
Source: FINalternatives
What a difference a month makes: August heat gave way to a cooler September breeze as managed futures gained 3.76% last month, according to flash estimates from the Barclay CTA Index. The Index dropped 1.63% in August.
More...

  Top Stories by Category
  Book of the Day & Related News

   
The Streetsmart Guide to Short Selling
by Tom Taulli
Average Customer Review: 3.0 
out of 5 stars
Price: $19.77

 

Book Description
Author explains how any investor can add this valuable weapon to his or her arsenal of daily market strategies, and increase the capabilities for profiting in all markets. He explains short-selling strategies in terms that individual investors can understand.

Related News:

Don't Sell a Short-Seller Short
Source: The Motley Fool
Plenty of people think they have the secret to finding stocks that will make them rich. One of the more unusual ways to try to identify stocks poised for quick gains is by buying stocks that are ripe for a short squeeze. These intrepid speculators find companies targeted by short-sellers and buy the stock, hoping to start a chain reaction that will quickly drive the price up.
More...

Under Armour: Potential Short Selling Opportunity
Source
: SeekingAlpha
Third quarter earnings reports are pouring in driving market volatility. Reports from retail companies give us an updated snapshot of the US consumer which has been a strong supporting pillar of the recent market expansion. Under Armour (UA) reports Tuesday morning (10/30) before the open and is one that I will be keeping a close eye on. More...

 

  Personal Interest


Stan O'Neal Retires from Merrill Lynch
Source: Reuters
Stan O'Neal, chairman and chief executive officer of Merrill Lynch & Co., Inc., (NYSE: MER) has decided to retire from the company effective immediately, the company announced today. Mr. O'Neal has been chief executive officer of the company since December 2002 and joined the company 21 years ago. The company said the board of directors has elected Alberto Cribiore as interim non-executive chairman. More...

Report: Google to Announce Cell Phone Within Weeks
Source: FOXNews.com
The Wall Street Journal reported Tuesday that the search-engine giant plans a series of announcements over the next two weeks about Google mobile-phone software, which would bundle together most Google applications — search, maps, YouTube, instant-messaging — on a mobile platform. More...

 

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   Top Stories (Continued)


Explore the World of Hedge Funds With Bloomberg TV This Week
Source: EarthTimes.org
Hedge fund managers oversee $1.8 trillion and their impact on the financial world has deepened .... yet the workings of their profitable circle remain a mystery to those outside of it. A three-part BLOOMBERG TELEVISION(R) series, that starts tomorrow, will explore this tumultuous industry. More...

Should hedge funds outsource risk management?
Source: AsianInvestor.net
A local firm, established by Mizuho market risk execs, tries to convince hedge funds that outsourced risk management is an inexpensive and safe alternative.

For new hedge fund managers, most might say that their investment know-how is their leading skill-set. Then they find that they have the drudge of employing electricians, fixing computers and getting the carpets cleaned. Risk management however, is more of a grey area. Many might see that as part and parcel of the investment monitoring process, and an activity they want to handle personally, others can see as something that can be logistically useful to get outsourced to a specialist. More...


Canadian Hedge Fund Industry Rallies to Support the Prevention and Treatment of Child Abuse at Upcoming 4th Annual Hedge Funds Care Canada Gala
Source: CNW Group
More than 250 of Canada's top hedge fund industry professionals will be gathering once again in support of Hedge Funds Care Canada, the only philanthropy exclusively dedicated to the treatment and prevention of child abuse.' More...

Dutch Fund of Hedge Funds Shop Launches Multi-Strat Vehicle
Source: FINalternatives
Finles Capital Management has launched its sixth fund of hedge funds with US $15 million in seed capital. The firm’s latest offering, which debuted last month, is a multi-strategy vehicle designed to beat the JPMorgan Government Bond Index. More...

Hedge Fund Group Spent $300,000 Lobbying
Source: Yahoo! Finance
A trade group representing hedge funds spent $300,000 to lobby the federal government in the first half of 2007 as Congress debated whether to raise taxes on the industry.
More...

Gibraltar To Launch $300 Million Fund Of Mining Hedge Funds
Source: FINalternatives
Hedge fund Sirius Investment Management is set to launch its second natural resources product of 2007 later this week.

The Sirius Investment Fund II, a fund of hedge funds focused on early-stage mining investments, is set to debut on Nov. 1. The fund, which will also invest in other natural resources plays, will specialize in hedge funds investing in companies moving from exploration to production—a time when their returns show less correlation to commodities prices—according to Hedge Fund Review. More...

Living on the Hedge: Young investor made $3 million, but all is not roses
Source: The Republican-American
Timothy Sykes wants to take the mystery out of hedge funds.

Sykes, who grew up in Orange and now lives in Hamden, is a former hedge fund manager who has learned the ups and downs of investing in a relatively short time. He's only 26 and in just a year's time, the value of his hedge fund, Cilantro Fund Management LLC, fell from $3 million to $1.2 million. More...

Move to register hedge funds could spur relocations
Source: InvestmentNews
California's proposal to register hedge funds could drive much of the industry out of the state, experts say.

As proposed, hedge fund advisers that have fewer than 15 hedge fund clients and more than $25 million under management would be required to register with the state if they are not already registered with the Securities and Exchange Commission.
More...


Today's Stories unabridged on the web
 

 
   Today's Humor
A man walks into the doctor's office.

He has a cucumber up his nose, a carrot in his left ear and a banana in his right ear.

"What's the matter with me?", he asked.

"You're not eating properly", replied the Doctor.
 

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