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Former Intel Exec Testifies Against NYC Hedge Fund Manager Charged With Insider Trading http://tinyurl.com/4s952a2 – by inveplan (Candy)
Bets against RIM double since April
Short interest in RIM climbed to 31.1 million shares as of Aug. 31, more than double the level on Apr. 15 and the most since June 2007
Read more on National Post
Opalesque, the world’s largest subscription-based publisher covering the alternative investment industry, has launched the 32nd issue in a series of regional roundtable forums – the 2010 Opalesque West Coast Roundtable. The 25 page Roundtable publication can be downloaded for free at: http://www.opalesque.com/RT/RoundtableSF2010.html
The Western world has run up massive deficits in an effort to stabilize the markets and economies, but the financial system has not been meaningfully repaired. The authorities have not structurally changed the financial system: “All we did was provide huge amounts of liquidity. The markets are as vulnerable to financial shocks and at least as highly leveraged than they were before the financial crisis. The Fed has more than doubled its balance sheet and will have to exit markets at some point or its legitimacy will be called into question”, says John Burbank from Passport Capital.
“Armageddon” strategies and how plan sponsors have changed their game during the past 18 months
Burbank added that a number of people have asked Passport to design funds comprised of macro trades that would help them hedge against systemic risks. Jay Gould from Pillsbury also helped creating distaster insurance or “armageddon strategy” funds which work under the premise that U.S. will experience a very difficult time over the next several years, “including hyper-inflation, the abandonment of the U.S. dollar as the world’s reserve currency, further complications associated with our huge deficit spending, and a rush toward hard assets.”
In this Roundtable, you will also hear from Nuveen’s Ranjit Sufi how plan sponsors have changed their strategies during the past 18 months. This Roundtable further covers:
Overview of the latest products and research from funds and CTAs on intermarket correlations and quantitative trading
A discussion on the impact the regulatory changes will have on the markets: How will mandating more OTC products to clear/trade on an exchange impact liquidity? What is more important in a derivatives contract – liquidity or flexibility?
The democratization of alternatives: More funds using the 1940 Act format will be offering real CTA strategies with daily liquidity
Running a hedge fund from the West Coast: Why this location counts and where West beats the East Coast.
The Roundtable was sponsored by the CME Group and the Opalesque 2010 Roundtable Series Sponsors Custom House Group and Taussig Capital. The following West Coast based experts participated:
John Burbank, Managing Member and Chief Investment Officer, Passport Capital
Jay Gould, Partner, Pillsbury
Jeremy Evnine, President, Evnine & Associates, Inc.
Matt Osborne, Executive Vice President & CIO, Altegris
Ranjit Sufi, Manging Director, Nuveen
Rishi Narang, Founding Principal, Telesis Capital
Tina Lemieux, Managing Director of Hedge Fund and Broker Services, CME Group
Tom Shanks, Founder and CEO, Hawksbill
The Roundtable can be downloaded for free at: http://www.opalesque.com/RT/RoundtableSF2010.html
Matthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderates the Opalesque Roundtables. All other previously published Opalesque Roundtable Scripts can be accessed here:
http://www.opalesque.com/index.php?act=archiveRT
About Opalesque:
In 2003, with the publication of its daily Alternative Market Briefing, Opalesque successfully launched an information revolution in the hedge fund media space: “Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service.” – Nigel Blanchard, Culross. This hybrid financial news service, which combines proprietary industry news stories and filtered third party reports, has been credited by many industry insiders with delivering precise, accurate, and vital information to a notoriously guarded audience.
Each week, Opalesque sends out over 700,000 editions of its twelve publications to a global readership in over 170 countries. Opalesque is the only daily hedge fund publisher which is actually read by the elite managers themselves (http://www.opalesque.com/op_testimonials.html).
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Hedge Fund Drops Case Against Magazine
Wall Street Journal Hedge-fund manager Elliott Management Corp. on Tuesday dropped its court case against trade publication Absolute Return + Alpha, bringing to a … Hedge Fund Elliott Drops Request to Probe Magazine First Amendment-Hating Hedge Fund Drops Legal Action Against Industry Mag Elliott Withdraws Discovery Petition For Trade Magazine |
Source: Hedge Fund – Google News
Euro falls to 15-year low against yen
The yen jumped to a 15-year peak against the US dollar overnight on fears the global economy is slowing, testing Japanese authorities’ resolve to stem the currency’s climb.
Read more on Marlborough Express
Basis Capital in $US1b action against Goldman Sachs
THE Australian hedge fund Basis Capital has filed a $US1 billion lawsuit against the Wall Street heavyweight Goldman Sachs and its Australian offshoot, saying it was misled after one if its funds bought a security packed full of US subprime mortgages that eventually contributed to its collapse.
Read more on Brisbane Times
![]() Reuters |
Hedge fund's fall and the basis for its $1bn action against Goldman over …
The Australian At the time, the pair was running the Basis Yield Alpha Fund (Master), a hedge fund with a value of $1.5 billion but one that would not survive the start of … Goldman Being Sued By Hedge Fund Over Toxic CDOs What if Goldman's Settlement Was $15 Billion? Goldman Sachs Said to Hire Boies, Schiller for Timberwolf Case |
Source: Hedge Fund – Google News
![]() Global Pensions |
Europe Hedge Fund Vote Is Expected to Go Against Britain
New York Times (blog) European lawmakers are gearing up to push through legislation that would increase regulatory oversight of the hedge fund industry, despite pleas from … ECOFIN: Move On Hedge Fund Law Likely Despite UK Fears Govt faces EU squeeze on hedge fund rules: FT New UK aligns with US on hedge funds |
Source: Hedge Fund – Google News
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Shorting Profits Fade as Bets Against Banks Backfire
BusinessWeek Hedge funds that profit from falling shares have seen 34 percent of their value evaporate since February 2009, according to Chicago-based Hedge Fund … |
Source: Hedge Fund – Google News