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Top Stories |
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FUND'S CHINESE STAKE STIRS SOME QUESTIONS
Source:
The New York Post
A white shoe New York hedge fund has invested in a Chinese
copper company whose management has an eye-popping history of
stock problems and regulatory woes.
More...
Hedge funds eye commercial real estate
Source: The Daily Telegraph
Hedge funds and other traders that have profited from huge drops
in an index tied to home mortgage loans made to people with weak
credit are now aiming at sister indices based on loans for
office buildings and hotels.
More...
Managing exposures to hedge funds and leveraged vehicles may be
testing - S&P
Source:
CNNMoney.com
Standard & Poor's (NYSE:MHP) said its banks and dealer ratings
expect inflection points such as the third quarter of 2007 to be
testing, but manageable for most leading players, in a new
report which considers how collateralized lending markets have
expanded in recent years and their implications for risk
management at large banks and dealers.
More...
Ex-NYSE Specialists Form Hedge Fund
Source: FINalternatives
A group former New York Stock Exchange floor traders are
prepping their maiden hedge fund for launch on Nov. 1. Long
Island, N.Y.-based EW Trading is preparing to unveil its
ExSpecialist Fund, which will trade equities using
computer-driven models.
More...
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Term of the Day & Related News |
Emerging Markets
Emerging markets
strategies focus on traditional fixed income, value and growth
equity investments in markets outside of the United States and
Western Europe, including Asia and Latin America as well as
Eastern Europe, Africa and the less developed Mediterranean
economies. Emerging markets are highly volatile and information
relating to the securities traded in these markets is often
difficult to obtain. Such inefficient markets offer excellent
opportunities for the resourceful manager.
More...
Related News:
Emerging-Market
Bonds Advance on Fed Rate-Cut Expectations
Source:
Bloomberg
Emerging-market bonds rose as speculation the Federal
Reserve will lower interest rates spurred demand for
higher-yielding assets.
"Everyone is waiting for the Fed, with the market
pricing in a 25 basis-point cut,'' said Edwin Gutierrez,
who helps manage $5 billion of emerging-market debt at
Aberdeen Asset Management Plc in London. "But
alternative outcomes can't be discounted. If there's no
cut, the market would take that negatively.''
More...
Barclays Launches
First Emerging Market-Based ETFs In Mexico
Source:
CNNMoney.com
Barclays Global Investors rang the bell Tuesday on its
first locally based exchange traded funds for emerging
markets, with the launch of four Mexico-based iShares.
The four ETFs are certificates traded like stocks on the
Mexican stock exchange, and track the local stock
market's Composite, LargeCap index, MidCap index, and
the Habita index, which comprises the six home
construction companies.
More... |
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Scholarly Article & Related News |
Real Interest Rates and
the Default Rate on High-Yield Bonds
by
Martin Fridson, Christopher Garman, & Sheng Wu
Determinants of the aggregate default rate on high-yield
bonds have been of interest at least since 1990 - 1991, when
the proportion of defaulting issued reached effectively its
highest level since the Great Depression. With recovery by
the mid-19902, and a new record volume of issuance in 1993,
analysts have wondered whether another wave of financial
failures will follow. This research shows that nominal
interest rates are not highly correlated with aggregate
default rates on high-yield bonds...
More...
Related News:
Country Garden Seeks
Record $1.5 Billion Bond Sale, People Say
Source:
Bloomberg
Country Garden Holdings Co., China's most profitable
builder, may raise as much as $1.5 billion from an
overseas bond sale, the biggest by a Chinese property
company, according to three people familiar with its
plan.
More...
High-yield record
heralds recovery
Source:
FinancialNews-US.com
The volume of high-yield debt financing, a type of debt
used to fund private equity-backed buyouts, has reached
the highest monthly total, according to data provider
Dealogic, suggesting the industry is on the road to
recovery following the summer’s credit crunch.
More... |
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Top Stories by Category |
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Book of the Day & Related News |
Book Description
A market leader, this book has detailed but
flexible coverage of options, futures,
forwards, swaps, and risk management; as
well as a solid introduction to pricing,
trading, and strategy allowing readers to
gain valuable information on a wide range of
topics and apply to situations they may
face. |
Capstone buys part
of RV Capital's distressed derivatives
Source:
Reuters
U.S. asset management and proprietary trading firm
Capstone Holdings has acquired part of the distressed
derivatives portfolio of RV Capital, the UK options
broker declared in default by Liffe last week, Capstone
said on Wednesday.
More...
PBOC Official Seeks
Credit Derivatives
Source:
InstitutionalInvestor.com
A Chinese banking expert has called on the state to
attach great importance to prompting credit and
structural derivatives on the domestic financial
derivatives market in addition to traditional
derivatives products.
More...
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Personal Interest |
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Tropical Storm Noel
turns northward toward Florida
Source:
Reuters
A weakened Tropical Storm Noel on Wednesday began to
turn north while dumping heavy rain over Cuba and
appeared likely to strengthen slightly over Atlantic
waters as it moved initially toward Florida and then
over the Bahamas.
More...
Singer, Actor Robert
Goulet Dies
Source:
Voice of America
Entertainer Robert Goulet, who gained legions of fans
with his rich, baritone singing voice and handsome
features, has died in Los Angeles at the age of 73.
More...
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