Stock Market News & Stocks to Watch from StraightStocks » Hedge Funds

Stock Market Corrections Are Beautiful— And Necessary

Steve Selengut — Thu, 16 Apr 2009 13:00:30 +0000

Every correction is the same, a normal downturn in one or more of the markets where we invest. There has never been a correction that has not proven to be an investment opportunity. You can be confident that governments around the world are not going to allow another Great Depression “on their [...]

Hedge Funds: An Under The Radar Crisis

Steve Selengut — Wed, 01 Apr 2009 19:20:21 +0000

The other day, with the market giving up about a third of its March gain in DJIA points, I went looking through my favorite market stats to see if any remaining profits could be pounced upon. Typically, profit possibilities can be identified quickly on NYSE lists of the largest dollar and percent [...]

Aspire Misery Index for the Week Ended March 13, 2009

Small Cap Pulse — Sat, 14 Mar 2009 22:41:00 +0000

March 14, 2009 - The markets got a reprieve this week, despite the fact that the negative economic data kept streaming in. The catalyst for stocks came from the financial services industry where Citigroup said it earned a profit in the first two months of 2009, and Bank of America was reportedly regaining some footing. As a result, the DJIA gained 9% on the week, the Nasdaq gained 10.6% and the Samp;P gained 10.7%. This is good news, but major concerns persist. Unemployment data continued to show that more Americans are losing jobs and expectations are that this trend will continue at least through the first half of 2009. A direct consequence of job losses is that consumer spending is going to continue to taper off. The US economy has come to be so dependent on consumer spending that this is going to have materially negative impact on GDP. To be sure, it doesnrsquo;t look like US exports are making up any of the slack. So the outlook for the corporate sector, and earnings continues to be shaky at best, which has led Wall Street to recalibrate earnings expectations lower on what seems to have been a daily basis. Another elephant in the room, which is a major concern is that China is becoming more openly critical about the mounting US debt. Pundits reacted quickly suggesting that China lsquo;wouldnrsquo;t darersquo; sell its US debt holdings because it would be too damaging to its own assets. Letrsquo;s assume that is correct. It will be damaging enough to the US plan of attack if China determines that it doesnrsquo;t have an appetite to purchase any more of our debt ndash; a reasonable position, especially if we continue to devalue their holdings at our printing presses. We wouldnrsquo;t be taking the rallies in the markets this week as any signal that the worst is over, given the fact that there are just so many very real things that could go very wrong in our attempt to get the US economy back on the rails. We fully expect that the dollar is setting up for a crash at some point in 2010 if the earth sun and moon donrsquo;t perfectly align under Obamarsquo;s stimulus plan. And it is by no means clear when Americans are going to find any footing again ndash; if ever. For now, they are faced with increasing job losses, record credit debt and the prospects of inflation if we are right about the outlook for the dollar. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; US Debt - Chinarsquo;s Premier express concerns about the levels of US debt, and the security of Chinarsquo;s assets invested in the US. Wen Jiabao said the US should ldquo;honor its wordsrdquo; and ldquo;stay a credible nation and ensure the safety of Chinese assets.rdquo; middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Wholesale Inventories ndash; Wholesale inventories fell 0.7% in January, marking the fifth straight month of declines. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Budget Deficit ndash; The federal deficit hit $765 billion in the first five months of the budget year. The administrationrsquo;s target is $1.75 trillion for the entire year. The deficit for February alone was $192.8 billion, a record for the month. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Trade Deficit - The US trade deficit for January narrowed a bit narrower than forecast to $36 billion, a decline of 9.7% on a month-over-month basis and the lowest level since October 2002. This was an improvement, but economists and the Street will likely look at the imports side of the equation negatively. US imports fell 6.7% to $160.9 billion (lowest since 2005) indicating that the US consumer is weak. Our take is that, while it is bad news the consumer is weak, the pullback in consumer spending on imports is a good thing for the economy and desperately needed if it is going to get healthy again. Consumers need to get back to healthier personal balance sheets and the only way to do this is to spend less, pay down debt and save more. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Household Net Worth - the Fed reported that household net worth has fallen by 9% in the October-December period of 2008, from the previous quarter, which is the biggest decline on record since 1951. The decline represented about $5.1 trillion, leaving the total at $51.48 trillion at year end. The Fed estimated that stock holdings value fell by 23%. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Profit Warnings ndash; McDonaldrsquo;s, United Technologies middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Markets ndash; Hedge Funds ndash; Hedge Fund Research said that about 920 funds, or 12%, closed last year, and about 70% of hedge funds lost money in 2008, meaning that they canrsquo;t collect performance fees until the losses are recouped. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Job Cuts ndash; McClatchy (1,600 jobs), Eastman Chemical (up to 300 jobs), United Technologies (11,600 jobs), Witchita Eagle (14 jobs), National Semiconductor (1,725 jobs), Grady Health System (150 jobs), Miami Herald (about 175 jobs), Belo (150 jobs), Advanced Energy Industries (about 300 jobs), Finnair (laying off 700), Sunoco (750 jobs), middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Job Cuts ndash; Hedge Funds ndash; the Options Group reported that hedge funds may cut 20,000 jobs this year, about 14% of the industryrsquo;s total jobs middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Weekly Jobless Claims ndash; Weekly claims rose to 654,000 (more than expected) while continuing claims rose by 193,000 to 5.3 million. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Unemployment Rate ndash; States ndash; Connecticutrsquo;s unemployment rate hit 7.3% in January, Oklahoma hit 5.6%, South Carolina hit 10.4%, Colorado hit 6.6%, Kansas hit 6.4%, North Carolina hit 9.7%, Nebraska hit 4.3%, Maine hit 7.8%, Alabama hit 7.8%, California hit 10.1%, Puerto Rico hit 13%, Michigan hit 11.6%, Virginia hit 6.4%, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Closing the Doors ndash; Lowersquo;s is closing its distribution center in North Carolina at the end of the year, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Chapter 11 ndash; Fleetwood, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Chapter 7 ndash; Meadowbrook Farms, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Credit Card Delinquencies ndash; Declined in Q4 by 11% on a Y/Y basis to 1.21%. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Consumer Credit Debt ndash; Average borrower debt increased by 1.96% to $5,729 from $5,619 on a Y/Y basis middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Ratings Downgrades ndash; Fitch cut Nissan, Fitch cut Visteon, Moodyrsquo;s cut Clear Channel, Moodyrsquo;s cut Merck, Fitch cut Cemex, Moodyrsquo;s cut Phoenix, Fitch cut Berkshire Hathaway, Samp;P cut MGIC Investment, Moodyrsquo;s cut AK Steel, Fitch cut Dow Chemical, Fitch cut American Airlines, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Airlines ndash; American Airlines is cutting its US capacity by 9% this year and its international capacity by 2.5%, Delta is cutting its international flights by an additional 10% starting in September, middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Financial Sector ndash; Financial institutions have reported $1.2 trillion on losses and have cut more than 284,000 jobs since the US subprime mortgage market collapsed. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Financial Sector ndash; Hedge Funds ndash; Investors pulled out a total of $11 billion from hedge funds in February, which were about a third of what redemptions were in January, according to Eurekahedge Pte. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Housing Sector - RealtyTrac reported that foreclosures rose by 30% in February on a Y/Y basis, and are up 6% since January. The Mortgage Bankers Association said recently that almost 12% of all mortgage holders are delinquent. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Retail Sales - Retail sales in February fell for the seventh time in eight months, down 0.1%, according to the Commerce Department. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; KROCK is switching to a top 40 format. nbsp;

Global Investors’ Bill Of Rights May Prevent Economic Déjà Vu

Steve Selengut — Tue, 03 Mar 2009 13:25:43 +0000

The purpose of IBOR is to protect financial markets and to create self-sufficient investors who produce economic growth instead of government deficits. IBOR standards create transparent financial markets, regulate speculation, and protect retirement portfolios. Here’s a sampling: Section One: Product Transparency. All investors have a right to see precisely what securities are [...]

Global Macro Traders and Trend Following

Investment Education Staff — Mon, 02 Mar 2009 09:47:49 +0000

For the global macro trader there are essentially two different kinds of trades: relative value and directional. Relative value is essentially when you are looking at two different instruments that have reliable historical relationships and trading off that relationship. Directional trading, as the name implies, is when you place a bet saying that you think oil, gold, etc is going up or down.

Global Investment News Briefs Thursday, February 19th, 2009

Contrarian Profits — Thu, 19 Feb 2009 14:30:40 +0000

pPlayboy in Play? Honda Throttles Back Jet Program; Hedge Funds to Hedge Bets After Losses; JPMorgan Will Modify Loans; Google Will Rather Fight Than Switch; Mortgage Applications Soar as Rates Fall/p ul liThe publisher of one of the world’s best known adult magazines, Playboy Enterprises Inc., (a href="http://finance.google.com/finance?q=NYSE:PLA"PLA/a) said it would be a href="http://www.reuters.com/article/ousiv/idUSTRE51H5U420090218"open to discussions about an outright sale/a after posting a wider fourth-quarter loss on weaker-than-expected revenue. The company, which has been through a management shake-up including the resignation in December of longtime Chief Executive Officer Christie Hefner, posted a net loss in each quarter of 2008. A restructuring charge of $157.2 million, and other one-time costs, also hurt results, strongemReuters/em/strong reported./li /ul ul liConfronting its first quarterly loss in at least 15 years, Honda Motor Co.#8230;/li/ul

Hedge Fund Pitch Book | Marketing Materials

Richard C. Wilson — Wed, 11 Feb 2009 19:57:40 +0000

h1 style="text-align: center;"bHedge Fund Pitch Book/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Marketing Materials Tips/span/b/h2br /a alt="Hedge Fund Pitch Book Guide marketing materials" title="Hedge Fund Pitch Book Guide marketing materials" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://richard-wilson.blogspot.com/"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 118px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/SZMPg6o4j4I/AAAAAAAAC6Y/yyaagOLYEoM/s200/Hedge-Fund-Marketing-Materials-Pitch-Book.jpg" alt="Hedge Fund Pitch Book Guide marketing materials" title="Hedge Fund Pitch Book Guide marketing materials" id="BLOGGER_PHOTO_ID_5301598244516171650" border="0" //aBelow is a list of my top 10 tips to those professionals who are looking to create a pitch book for their a href="http://richard-wilson.blogspot.com/"hedge fund/a. My advise to both $30M and $1M hedge funds is that you can never start this process early enough, it is an iterative constantly evolving project which will never be complete. Here are the top 10 tips for creating your hedge fund marketing materials.br /olliThink long-term. Invest in creating a robust institutional quality pitch book the first time around and complete 5 drafts of it internally before showing it to a single investor./liliStress your team, investment process and risk management controls and how they all interact inside the operations of your hedge fund./liliMake your competitive advantage clear and do not rely upon canned phrases such as “positive returns within bull or bear markets” anyone who reviews hedge fund materials for a living see these by the hour. Your advantage must be unique. /liliStress the importance and individual functions of your team, your experiences and pedigree. This should be the foundation upon which everything else is built. /liliDo not send any pitchbook or marketing material out before speaking with a qualified compliance or legal counsel on your team. /liliCreate a one page marketing sheet, full 13-20+ page PowerPoint presentation and one page newsletter which would be released monthly providing your view of the markets within your niche area of expertise./liliWork with high caliber service providers so that you don’t bring extra skepticism upon a relatively new fund which may already be scrutinized by potential investors and advisors. /liliUse your whole team and prime brokerage business partners and other service providers to improve your marketing materials. Professionals who work in prime brokerage or administration see many types of marketing materials and can help provide valuable feedback at no additional cost to your fund./liliDo not create a PowerPoint presentation that is longer than 30 pages. There are some institutional money managers who run 3 similar funds and will sometimes cover each of these within a single presentation, but this is the exception. 95% of the people who you will send the PowerPoint presentation to will not ready more than 15 pages of the material unless you are walking them through it over the phone or in person. /liliPurchase the rights to graphics, choose a unique, simple and professional layout for the presentation and use the new Windows Vista diagramming tools to create institutional quality presentation. Coming into a meeting with a word document or 25 pages of bullet points is not very effective. It is hard enough to catch an investors’ attention and bring them to the table to discuss your fund, you don’t want to lose them due to the aesthetics of your PowerPoint.br //li/olTo view over 100 additional articles related to hedge fund marketing and sales please browse our a href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html"Hedge Fund Marketing amp; Sales Library/a.br /h4Related to Hedge Fund Pitch Book Guide | Top 10 Tipsbr //h4ol face="arial"lia alt="Hedge Fund Blogger.com: Hedge Fund Advertising amp; Marketing Restrictions | Ideas" href="http://richard-wilson.blogspot.com/2008/12/hedge-fund-advertising-marketing.html" title="Hedge Fund Advertising amp; Marketing Restrictions | Ideas"Hedge Fund Advertising amp; Marketing Restrictions | Ideas/a/lilia href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-marketing-plan-sales-plans.html"Hedge Fund Marketing Plan/a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com" href="http://richard-wilson.blogspot.com/2008/10/raising-new-hedge-fund-capital-during.html" title=""Raising New Hedge Fund Capital During the Crisis/a/span/lilia alt="Hedge Fund Blogger.com: Hedge Fund Marketing in 2009" href="http://richard-wilson.blogspot.com/2009/01/hedge-fund-marketing-in-2009.html" title="Hedge Fund Marketing in 2009"Hedge Fund Marketing in 2009/a/lilia alt="Hedge Fund Marketing in Switzerland" title="Hedge Fund Marketing in Switzerland" description="Hedge Fund Marketing in Switzerland" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-marketing-in-switzerland.html"Hedge Fund Marketing in Switzerland/a/lilia alt="Sales Motivation, Sales Team Motivation" title="Sales Motivation" href="http://richard-wilson.blogspot.com/2008/08/sales-motivation.html"Sales Motivation/a/lilia href="http://richard-wilson.blogspot.com/2007/07/psychology-of-sales-call-reluctance.html"Psychology of Sales Call Reluctance/a/lilia title="Hedge Fund Seeding" href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-seeding.html" description="Hedge Fund Seeding" alt="Hedge Fund Seeding"Hedge Fund Seeding/a/li/olTags: Hedge Fund PitchBook, Hedge Fund Pitch Book, Hedge Fund Marketing Materials, Hedge Fund PowerPoint Presentation, Fund Pitch Book, Hedge Fund Power Point, marketingdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=XclXqmXF"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=XclXqmXF" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=4tCrLS5M"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=wGnKGMs5"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=wGnKGMs5" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/7q8kCGNqcpM" height="1" width="1"/

Hedge Funds and Private Equity in 2009 and 2010

Richard C. Wilson — Fri, 06 Feb 2009 07:41:33 +0000

h1 style="text-align: center;"bHF and Private Equity/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Funds amp; Private Equity in 2009/span/b/h2br /a alt="Hedge Funds and Private Equity in 2009 and 2010" title="Hedge Funds and Private Equity in 2009 and 2010" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://richard-wilson.blogspot.com/"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 194px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/SYvn4jHOQWI/AAAAAAAAC5g/VvNNOcry_bE/s200/Hedge-Funds-Private-Equity-2009-2010.jpg" alt="Hedge Funds and Private Equity in 2009 and 2010" title="Hedge Funds and Private Equity in 2009 and 2010" id="BLOGGER_PHOTO_ID_5299584345215746402" border="0" //aThe depressed economic environment which we are now experiencing has forced more hedge funds and private equity firms to close down than within any other single 12 month period. These two industries face a marred public image, overall negative investment returns and an investor base which in many cases now prefers to hold cash equivalents rather than place money at this time in the market cycle. The industry faces many challenges, while also serving as fertile ground for those funds which can prevent losses and recruit talent.br /br /It would seem that the next two years will be either feast or famine for most hedge funds, and as usual most will be left hungry for more capital.br /h4Related to Hedge Funds and Private Equity in 2009 and 2010br //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tool/a/li/ulTags: hedge funds and private equity, private equity 2009, private equity 2010, hedge funds 2009, hedge funds 2010, hedge fund, private equity, hedge funds, private equity industrydiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=hm65fxhg"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=hm65fxhg" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=uhRnocEJ"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=wXTOmM4O"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=wXTOmM4O" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/tKUBJs0AgBU" height="1" width="1"/

Global Macro Investors And Tactical Asset Allocation

Investment Education Staff — Thu, 05 Feb 2009 09:48:18 +0000

Macro trading and the art of tactical asset allocation can be lumped into the same category. This is because they both share so many similarities. They are both trying to find the best values on the globe and in several different asset classes. The difference is that most global macro traders are aiming for absolute returns whereas tactical asset allocation is typically only looking for market beating returns and less then market risk.

Hedge Fund Business Model Discussion | Video

Richard C. Wilson — Wed, 04 Feb 2009 16:29:43 +0000

h1 style="text-align: center;"bHedge Fund Model/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Business Model Discussionbr //span/b/h2Here is a short video interview discussing the topic of the typical hedge fund business model:br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/AHMIh1g5jxoamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/AHMIh1g5jxoamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /View over 100 additional videos within our a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Hedge Fund Video Library./abr /br /h4Related to Hedge Fund Business Model Discussion | Videobr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund Model, Hedge Fund Business Model, Hedge Funds Business Model, How Hedge Funds Work, Hedge Fund Startup Business Model, Hedge Fund, Hedge Fundsdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=1WvuN4p4"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=1WvuN4p4" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=t3WR4Ncs"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=ZSFO08cz"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=ZSFO08cz" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/iIeT29F9H4w" height="1" width="1"/

Private Equity Regulation in Europe and America

Richard C. Wilson — Tue, 03 Feb 2009 07:58:58 +0000

h1 style="text-align: center;"bPrivate Equity Regulation/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Private Equity amp; Hedge Fund Regulation/span/b/h2Here is an interview with Steven Rubenstein on the potential regulation of private equity. He believes that private equity will be regulated along with hedge funds in Europe while in the US private equity will possibly escape any increase in private equity regulations.br /br /The interview also discusses leverage, the access to cheap leverage and how the private equity industry was really founded during periods of low availability of leverage. If you are reading this article via our daily hedge fund newsletter a href="http://richard-wilson.blogspot.com/2009/02/private-equity-regulation-in-europe-and.html"please click here now/a to watch the embedded video below.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/M1qJbg46Llsamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/M1qJbg46Llsamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /To view over 100 videos please visit our a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Hedge Fund Video Library/abr /h4Related to Private Equity Regulation in Europe and Americabr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Private Equity Regulations, Private Equity Regulation, Private Equity, Regulations on Private Equity, Private Equity Compliance, Private Equity Lawsdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=pegirY7A"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=pegirY7A" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=5JgGEqw8"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=LeqI87pz"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=LeqI87pz" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/WBK5cTGUcXo" height="1" width="1"/

Million Dollar Traders TV Show (Part 1 of 12)

Richard C. Wilson — Mon, 02 Feb 2009 09:33:00 +0000

h1 style="text-align: center;"bHedge Fund TV Show/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund TV Show (Part 1 of 12)/span/b/h2In the UK there was recently a reality TV show where a hedge fund manager, Lex Van Dam finds 8 professionals and provides them with $1M each, to run their own hedge funds. br /br /The eight ordinary people are given a million dollars, a fortnight of intensive training and two months to run their own hedge fund. Among them are an environmentalist, a soldier, a boxing promoter, an entrepreneur, a retired IT consultant, a vet, a student and a shopkeeper. Since the show aired it has now been made available online. We will posting a series on the show here on HedgeFundBlogger.com, and this is part 1 of 12 of that series.br /br /div align="center"object width="480" height="295"param name="movie" value="http://www.youtube.com/v/-KpqOePUXn4amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/-KpqOePUXn4amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="295"/embed/object/divbr /br /h4Watch The Complete Million Dollar Traders TV Showbr //h4olliPart 1 (Viewing Now)/liliPart 2 of Million Dollar Tradersbr //liliPart 3 of Million Dollar Traders/liliPart 4 of Million Dollar Traders/liliPart 5 of Million Dollar Traders/liliPart 6 of Million Dollar Traders/liliPart 7 of Million Dollar Traders/liliPart 8 of Million Dollar Traders/liliPart 9 of Million Dollar Traders/liliPart 10 of Million Dollar Traders/liliPart 11 of Million Dollar Traders/liliPart 12 of Million Dollar Traders/li/olTags: Hedge Fund TV, Hedge Fund TV Show, Million Dollar Traders, Million Dollar Traders Show, Hedge Fund Trading, Hedge Funds, Hedge Fund, Hedge Fund Capitaldiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=kCJvMgl2"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=kCJvMgl2" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=NNo2t2si"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=Xt2b5VIu"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=Xt2b5VIu" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/w0zUEq7rh8I" height="1" width="1"/

Mark Fuchs Interview on Hedge Funds

Richard C. Wilson — Wed, 28 Jan 2009 22:26:57 +0000

h1 style="text-align: center;"bMark Fuchs Interview/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Mark Fuchs Interview on Hedge Funds/span/b/h2Here is a video interview with Mark Fuchs on hedge funds and how the time for them may be during these periods of low confidence in traditional asset classes. If you are reading this article over email a href="http://richard-wilson.blogspot.com/2009/01/mark-fuchs-interview-on-hedge-funds.html"please click here/a to watch this video now.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/EJ_cm3ek8UYamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/EJ_cm3ek8UYamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /Watch over 100 hedge fund videos online within our a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Hedge Fund Video Library/abr /br /h4Related to Mark Fuchs Interview on Hedge Fundsbr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Mark fuchs, Mark Fuchs Hedge Fund, Mark Fuchs Interview, Mark Fuchs Hedge Fund Manager, hedge fund, hedge funds, investments interview, interview on stock marketdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=vkYv9YFr"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=vkYv9YFr" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=Qku5jM4h"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=zm7njW2R"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=zm7njW2R" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/kfUMVQ9bPmo" height="1" width="1"/

What is a Ponzi Scheme? Charles Ponzi

Richard C. Wilson — Wed, 28 Jan 2009 12:44:18 +0000

h1 style="text-align: center;"bWhat is a Ponzi Scheme?/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"What is a Ponzi Scheme? Charles Ponzi/span/b/h2br /Many professionals are now asking what exactly is a ponzi scheme? How do you define what a ponzi scheme is and how do they work? Here is a video on ponzi schemes and how they work. If you are reading this article over email through our daily hedge fund newsletter a href="http://richard-wilson.blogspot.com/2009/01/what-is-ponzi-scheme-charles-ponzi.html"please click here now/a to view the embedded video below.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/zRTPKcJGwe4amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/zRTPKcJGwe4amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /More on the definition of a ponzi scheme:br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/2YIoJEN81k0amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/2YIoJEN81k0amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /h4Related to What is a Ponzi Scheme? Charles Ponzibr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: What is a ponzi scheme, ponzi scheme definition, define ponzi scheme, Charles Ponzi, Ponzi Scheme Discussion, how does a ponzi scheme work, hedge fund fraud, fraudsdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=tt777SJw"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=tt777SJw" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=Sxk4nalO"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=RLj2hBl1"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=RLj2hBl1" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/YwKenaEzObA" height="1" width="1"/

Hedge Fund Losses and Closures in 2008 2009

Richard C. Wilson — Tue, 27 Jan 2009 22:52:01 +0000

h1 style="text-align: center;"bHedge Fund Losses/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Losses in 2008 2009/span/b/h2br /Here is a video below on hedge fund asset losses and closures. While there is a small set of institutional investors investing in a number of opportunistic hedge funds most are still loosing assets each quarter. Many firms were profitable just 2-3 years ago and now have less assets to manage and little if any performance fees to collect.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/uYnmgddqy5Aamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/uYnmgddqy5Aamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /h4Related to Hedge Fund Losses and Closures in 2008 2009br //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Hedge Fund Losses, Hedge Fund Closures, Closures of hedge funds, hedge fund strategy, hedge fund strategies, hedge fund, hedge funds, investments, investmentdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=M2ZjXZZT"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=M2ZjXZZT" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=3PKoL3fr"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=deb4Qb3u"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=deb4Qb3u" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/vavvsiOFDAo" height="1" width="1"/

Obama Hedge Fund Regulation 2009 2010 2011

Richard C. Wilson — Tue, 27 Jan 2009 16:44:06 +0000

h1 style="text-align: center;"bObama Regulations/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Obama Hedge Fund Regulation 2009br //span/b/h2Here is a short video interview with Dan Alpert from Westwood Capital on hedge fund regulations which may come through Obama. The discussion revolves around forcing some hedge funds to be more transparent to regulators, hopefully in a way which does not expose hedge fund investment strategies to the general public. The video talks about how most people think regulation is in place to protect consumers, in this case most of the new regulation will be around protecting the financial system. The financial system needs protection from certain firms or funds which use leverage to the point of damaging the whole system should liquidity or capital ever dry up. If you are viewing this article over email a href="http://richard-wilson.blogspot.com/2009/01/obama-hedge-fund-regulation-2009-2010.html"please click here now/a to watch the video.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/Mv_3TZjKWMkamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/Mv_3TZjKWMkamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /FinAlternatives wrote on this same topic earlier this week: ess than a week into his administration, the outlines of President Barack Obama’s plan to overhaul America’s financial regulatory systems are coming into focus. And it is becoming increasingly clear that the plan will involve some sort of mandatory hedge fund registration and surveillance.br /br /Although most of his top economic advisers are still awaiting confirmation by the Senate—including Treasury Secretary-designate Timothy Geithner and Securities and Exchange Commission Chairman-designate Mary Schapiro—Obama is expected to offer details of his plans before traveling to London on April 2 for a Group of 20 meeting. The Obama administration is also laboring under an April 30 deadline—set by last year’s Emergency Economic Stabilization Act—to offer his regulatory recommendations to Congress. a rel="nofollow" target="_blank" href="http://www.finalternatives.com/node/6725"source/abr /br /Review dozens of additional resources within our a alt="Hedge Fund Blogger.com: Hedge Fund Regulation Corner | Compliance amp; Law Notes" href="http://richard-wilson.blogspot.com/2008/10/hedge-fund-regulation-corner-compliance.html" title="Hedge Fund Regulation Corner | Compliance amp; Law Notes"Hedge Fund Regulation Corner | Compliance amp; Law Notes/a or watch over a 100 hedge fund videos within our a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Hedge Fund Video Library/a.br /h4Related to Obama Hedge Fund Regulation 2009 2010 2011br //h4ullia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Obama Regulations, Obama Regulation on Hedge Funds, Obama 2009 Regulations, regulating hedge funds in 2009, New Hedge Fund Legislature, New hedge Fund rules, hedge funddiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=EStL7cHp"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=EStL7cHp" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=jhqEj00t"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=iGHOfbfA"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=iGHOfbfA" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/icPEDRMP4hU" height="1" width="1"/

Hedge Funds in Sao Paulo Brazil | Investments

Richard C. Wilson — Tue, 27 Jan 2009 15:25:57 +0000

h1 style="text-align: center;"bSao Paulo, Brazilbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Funds amp; Family Offices in Brazil/span/b/h2br /a alt="Hedge Funds in Sao Paulo Brazil | Investments" title="Hedge Funds in Sao Paulo Brazil | Investments" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://richard-wilson.blogspot.com/"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 120px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/SX8mzJRecNI/AAAAAAAAC2k/DfDNh1aCICk/s200/Sao-Paulo-Brazil-Hedge-funds-in.jpg" alt="Hedge Funds in Sao Paulo Brazil | Investments" title="Hedge Funds in Sao Paulo Brazil | Investments" id="BLOGGER_PHOTO_ID_5295994346915393746" border="0" //aStarting on February 13th, 2009 I will be starting to work out of Sao Paolo, Brazil for several weeks. While in town I will be meeting with hedge funds, private equity firms and family offices.br /br /If you are based in Sao Paulo and would like to meet while I am in Brazil please do send me an email at Richard@HedgeFundGroup.org. If there are enough professionals in the city interested in networking we will put on a 30-50 person networking event in downtown Sao Paolo.br /br /h4Related to Hedge Funds in Sao Paulo Brazil | Investmentsbr //h4ullia title="Asia Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/asia-hedge-fund.html" alt="Asia Hedge Fund " descripiton=" Guide to Asia Hedge Funds"Asian Hedge Fundsbr //a/lilia title="Australian Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/australian-hedge-funds.html" description="A guide to hedge funds in Australia" alt="Australian Hedge Funds, Australia Hedge Fund, Australian Hedge Fund"Australian Hedge Fund Guidebr //a/lilia href="http://richard-wilson.blogspot.com/2008/09/bermuda-hedge-fund-guide.html"Bermuda Hedge Fund Guidebr //a/lilia title="Brazil Hedge Funds - Overview of Hedge Funds in Brazil" href="http://richard-wilson.blogspot.com/2008/06/brazil-hedge-funds.html" description="Brazil Hedge Funds Guide - An Overview of Brazilian Hedge Funds" alt="Brazil Hedge Funds"Brazil Hedge Fundbr //a/lilia title="Hedge Funds in Canada" href="http://richard-wilson.blogspot.com/2008/06/hedge-funds-in-canada-canadian-hedge.html" description="Hedge Funds in Canada, Canadian Hedge Funds, Canadian Hedge Fund, Hedge Fund in Canada" alt="Canada Hedge Funds"Canada Hedge Fundsbr //a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Cayman Island Hedge Fund Guide | Hedge Funds in the Cayman Islands" href="http://richard-wilson.blogspot.com/2008/10/cayman-island-hedge-fund-guide-hedge.html" title="Cayman Island Hedge Fund Guide | Hedge Funds in the Cayman Islands"Cayman Islands Hedge Fund Guidebr //a/span/lilia title="China Hedge Funds" href="http://richard-wilson.blogspot.com/2008/05/china-hedge-funds-hedge-funds-in-china.html" description="China Hedge Funds, Chinese Hedge Funds, Hedge Funds in China, Hedge Fund in China, China Hedge Fund" alt="China Hedge Funds"China Hedge Fund Guidebr //a/li/ulTags: Saol Paulo, Sao Paulo Brazil, Hedge Funds in Sao Paulo, Family Offices in Brazil, Hedge Funds in Brazil, wealth management sao paolo, wealth management brazil, Brazildiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=uFdSSMuX"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=uFdSSMuX" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=srccIwcI"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=260eLUvJ"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=260eLUvJ" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/aC9MUSjT_NI" height="1" width="1"/

Market Values of US Banks 2009

Richard C. Wilson — Mon, 26 Jan 2009 14:58:02 +0000

h1 style="text-align: center;"bBank Market Values/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Market Values of US Banks 2009/span/b/h2br /A trader on the west just sent me the picture below.span style="font-weight: bold;" Click on the picture/span below to enlarge it, pretty interesting to see the differences between JPM and Citi.br /br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wM_OZdOMR_Y/SX3OVd7dYWI/AAAAAAAAC2E/mtcOXEn8dG0/s1600-h/Banks-Market-Cap.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 241px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/SX3OVd7dYWI/AAAAAAAAC2E/mtcOXEn8dG0/s400/Banks-Market-Cap.jpg" alt="" id="BLOGGER_PHOTO_ID_5295615605064163682" border="0" //abr /h4Related to Market Values of US Banks 2009br //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Banks 2009, Market value of banks, market value, market value of US banks, (MS), (C), (JPM), (RBS), (GS), (HBC), (BNP.PA), (BNP), (CS), (UBS), (DB), banks, stock, stocksdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=Sks6YEPO"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=Sks6YEPO" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=ndSXAy4z"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=uAodRpwU"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=uAodRpwU" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/hNgj6-3GQS8" height="1" width="1"/

Hedge Fund Tracker Updates

Richard C. Wilson — Mon, 26 Jan 2009 04:08:01 +0000

h1 style="text-align: center;"bTracker Updates/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Tracker Tool/span/b/h2br /Our team has recently updated the following Hedge Fund Tracker profiles:br /ullia alt="Man Investments, Man Investments New York, Man Investments London" title="Man Investments" href="http://richard-wilson.blogspot.com/2008/08/man-investments.html"Man Investments Group/a/lilispan style="color: rgb(0, 0, 0);"/spana alt="Hedge Fund Blogger.com: Lansdowne Partners | Paul Ruddock | Hedge Fund Notes" href="http://richard-wilson.blogspot.com/2006/10/lansdowne-partners-paul-ruddock-hedge.html" title="Lansdowne Partners | Paul Ruddock | Hedge Fund Notes"Lansdowne Partners | Paul Ruddock/a/lilispan style="color: rgb(0, 0, 0);"/spana alt="Hedge Fund Blogger.com: Sparx Group Co. Ltd | Hedge Fund Tracker Notes" href="http://richard-wilson.blogspot.com/2008/11/sparx-group-co-ltd-hedge-fund-tracker.html" title="Sparx Group Co. Ltd | Hedge Fund Tracker Notes"Sparx Group Co. Ltd/a/lilia alt="Children's Investment Fund Management TCI" title="Children's Investment Fund Management TCI" description="Children's Investment Fund Management TCI, Children's Investment Fund, Childrens Investment Fund" href="http://richard-wilson.blogspot.com/2008/06/childrens-investment-fund-management.html"Children's Investment Fund Management TCI/a/lilia alt="Hedge Fund Blogger.com: Ellington Management | Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2004/11/ellington-management-hedge-fund-tracker.html" title="Ellington Management | Hedge Fund Tracker Tool"Ellington Management /a/li/ulbr /br /h4Related to Hedge Fund Tracker Updatesbr //h4ullia description="hedge fund auditors" alt="hedge fund auditors" href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-auditors.html" title="Hedge Fund Auditors"Hedge Fund Auditors/a/lilia alt="Hedge Fund Marketing Tools,Hedge Fund Marketing Aides" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-marketing-tools.html" title="Hedge Fund Marketing Tools"Hedge Fund Marketing Tools/a/lilia description="A listing of hedge fund attorneys and lawyers" alt="Hedge Fund Attorney, Hedge Fund Lawyer" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-attorney-lawyers.html" title="Hedge Fund Attorney, Hedge Fund Lawyer"Hedge Fund Attorney/a/lilia description="Prime Brokerage Services" alt="prime brokerage services" href="http://richard-wilson.blogspot.com/2007/10/hedge-fund-prime-broker.html" title="Prime Brokerage Services"Prime Brokers/a /li lia description="Hedge Fund Administrators, Hedge Fund Administrator, Hedge Fund Administration, Hedge Funds Administrators, Hedge Funds Administrators" alt="Hedge Fund Administrators" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-administrators.html" title="Hedge Fund Administrators"Hedge Fund Administrators/a/li/ulTags: Hedge Fund, Hedge Funds, Hedge Fund Tracker, Hedge Fund Managers, Hedge Fund Investments, hedge Fund Investing, Hedge Fund Manager, Hedge Fund Newsdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=umINI4qQ"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=umINI4qQ" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=79ukAYiW"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=1uWyKcYA"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=1uWyKcYA" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/YHRTc-JQSBg" height="1" width="1"/

Global Investment News Briefs Thursday, January 22nd, 2009

Contrarian Profits — Thu, 22 Jan 2009 13:30:48 +0000

pBest Buy Names New CEO; IBM to Post Strong 2008 Earnings; BHP Cuts 6,000 Jobs; GM Loses Sales Crown to Toyota; Investors Retreat From Hedge Funds; Housing Market Index Hits New Low; Satyam Seeks Funding; Crude Futures Climb/p ul type="disc" listrongBest Buy Co. /strong(a href="http://finance.google.com/finance?q=bby"BBY/a) crowned chief operating officer Brian Dunn as the electronics retailer’s new chief executive. Dunn, 48, a href="http://www.marketwatch.com/news/story/Best-Buy-promotes-COO-Brian/story.aspx?guid=%7B729A7481-DB56-49F0-A570-FA483E9A0190%7D"started his career at Best Buy as a store associate/a in 1985 and will succeed retiring Bradbury Anderson, strongemMarketWatch /em/strongreported./li /ul ul type="disc" listrongIBM Corp. /strong(a href="http://finance.google.com/finance?q=ibm"IBM/a) a href="http://www.bloomberg.com/apps/news?pid=20601103#38;sid=aTWOhBDkOd2E#38;refer=news"will beat analysts’ estimates for its 2008 earnings/a. The company said yesterday (Wednesday) that its income will rise to at least $9.20 a share in 2009, ahead of the $8.75 average estimated by strongemBloomberg/em/strong. “They’re using the current climate as an opportunity to#8230;/li/ul

Hedge Fund Industry Structure Changes

Richard C. Wilson — Tue, 20 Jan 2009 13:33:47 +0000

h1 style="text-align: center;"bHedge Fund Structure/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Industry Structure Changes/span/b/h2(HedgeFundBlogger.com) Below is a short video on hedge funds, redemptions and the great level of cash that sovereign wealth funds and family offices. The speaker at this Australian banking conference agrees with me that much of this cash will find its way back into the portfolios of hedge fund managers. The speaker also talks about how the correlations among assets classes has been higher than it normally should be and this changes how portfolio managers and asset allocators will make decisions in the future. This growth in uncertainty among returns from a diverse portfolio dampens the growth rates at which experts will set on diverse portfolios over long periods of time. If you are reading this over email a href="http://richard-wilson.blogspot.com/2009/01/hedge-fund-industry-structure-changes.html"click here to watch the embedded video below now/a.br /br /div align="center"object width="480" height="295"param name="movie" value="http://www.youtube.com/v/v1aWlp3KPM4amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/v1aWlp3KPM4amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="295"/embed/object/divbr /br /Watch over 100 hedge fund videos a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"by clicking here/a.br /h4Related to Hedge Fund Industry Structure Changesbr //h4ullia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund Structure, Hedge Fund Portfolio, Portfolios of hedge fund investments, hedge fund, hedge funds, hedge fund statistics, hedge fund leverage, hedge fund investing researchdiv class="feedflare" a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=Mp2YgCLs"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=Mp2YgCLs" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=WdlctnMi"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feeds2.feedburner.com/~f/richard-wilson-blog?a=ymDqpNdZ"img src="http://feeds2.feedburner.com/~f/richard-wilson-blog?i=ymDqpNdZ" border="0"/img/a /divimg src="http://feeds2.feedburner.com/~r/richard-wilson-blog/~4/JDTTpE_5EIw" height="1" width="1"/

Hedge Funds Private Equity Bears! Oh My!

Investment U — Tue, 13 Jan 2009 19:35:56 +0000

Hedge Funds & Private Equity & Bears! Oh My! First it was the sovereign wealth funds, controlling vast portions of American companies. Then it was the private equity cowboys who came in and took public companies private, removing them from public investment - and scrutiny. Finally, there were the hedge funds, large pools of private money moving [...]

Hedge Fund Backers | A List of Capital Sources for Hedge Funds

Richard C. Wilson — Mon, 29 Dec 2008 08:06:35 +0000

h1 style="text-align: center;"bHedge Fund Backersbr //b/h1h2 style="text-align: center;"bspan style="color: rgb(102, 0, 0);"Hedge Fund Backers | span style="color: rgb(0, 0, 0);"Capital Raising/span/spanbr //b/h2span style="font-weight: bold;"br /span style="font-weight: bold;"As part of our /span/spana alt="Hedge Fund Blogger.com: Hedge Fund Startup Tools | 1 Page Guide for Startups" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools | 1 Page Guide for Startups"Hedge Fund Startup Guide/a please see our list of hedge fund backers below:span style="font-weight: bold;"span style="font-weight: bold;"/spanbr /br /br /Affiliated Managers Group/spanbr /Bostonbr /Brett Perrymanbr /Public company has taken equity stakes in four hedge fund shops: AQR Capital,br /Blue Mountain, First Quadrant and Value Act.br /br /span style="font-weight: bold;"Asset Alliance/spanbr /New Yorkbr /Bruce Lipnickbr /Twice has backed off plans to sell stock to the public, most recently in August andbr /in 1998. Offers operational and marketing support in exchange for 50% ownershipbr /of management companies.br /br /span style="font-weight: bold;"BRI Partners/spanbr /Chicagobr /Adam Brassbr /Provides investment capital in exchange for marketing and operational support.br /br /span style="font-weight: bold;"Boxtree Capital/span span style="font-weight: bold;"Rumson/spanbr /N.J.br /Robert Picardbr /732-939-9000br /Founded earlier this year by former Optima Fund Management chief investmentbr /officer Robert Picard, the firm has not yet made any acquisitions. Hopes to buybr /minority interests in funds of funds and hedge funds.br /br /span style="font-weight: bold;"Capital Z Asset Management/spanbr /New Yorkbr /Jim Marronebr /212-965-0800br /Has backed 17 hedge funds, including John Burbank’s Passport Management.br /Takes meaningful minority stakes as an anchor investor in startups. In January,br /announced management buyout of hedge fund-sponsorship business from parentbr /Capital Z, in partnership with private equity shop Paine amp; Partners.br /br /span style="font-weight: bold;"Citadel Investment/spanbr /Chicagobr /Bryan Lockebr /Has seeded three funds via its Citadel Discovery vehicle, which is run within itsbr /Citadel Alternative Asset Management unit. The vehicle invests only its parent’sbr /capital.br /br /span style="font-weight: bold;"Financial Risk Management/spanbr /Londonbr /Patric de Gentile-Williamsbr /Big fund-of-funds operation run by Blaine Tomlinson launched a hedge-fundbackingbr /vehicle in January via a new unit, FRM Capital Advisors. Focuses on earlystagebr /and startup managers. Offers operational and infrastructure support,br /including risk-management, compliance and technology services. In exchange, itbr /shares in management and performance fee revenues.br /br /span style="font-weight: bold;"Focus Investment/spanbr /New Yorkbr /Andrew Godfreybr /Provides seed capital to startups and is a strategic investor in more-establishedbr /managers. In exchange, it usually shares revenues.br /br /span style="font-weight: bold;"Fortune Group/spanbr /Londonbr /Simon Hopkinsbr /Has seeded more than 20 firms over the past decade. Terms vary, but standardbr /model includes share of revenue in exchange for $25 million to $50 millionbr /investment.br /br /span style="font-weight: bold;"Goldman Sachs/spanbr /New Yorkbr /Jonathan Sorrellbr /In the fall of 2007, word got out that Goldman had set up a private equity fund tobr /take stakes in hedge fund managers. At that time, it purchased 10% of Londonbasedbr /commodities manager Winton Capital.br /br /span style="font-weight: bold;"Hardt Group/spanbr /New Yorkbr /Jeff Landlebr /Backs more than two dozen operations, usually sharing revenues, but also takingbr /equity stakes in some cases. Since 2004, has invested north of $200 million inbr /seed-capital arrangements.br /br /span style="font-weight: bold;"Investcorp/spanbr /Bahrainbr /Hank Murphybr /Has financed eight hedge fund companies, including two deals slated to bebr /announced in the next month or two. New York unit typically provides $75 millionbr /of seed capital, as well as operational and marketing support. In exchange, itbr /shares revenues. Its affiliate managers, including Minneapolis-based Interlaken,br /have $2 billion of seed and client capital.br /br /span style="font-weight: bold;"J.P. Morgan Incubator Strategies/spanbr /New Yorkbr /Simon Lackbr /212-648-2593br /Expects to do a couple of deals per year, but no more than that because thebr /treacherous market makes it too difficult to evaluate hedge funds.br /br /span style="font-weight: bold;"Jefferies Group/spanbr /New Yorkbr /Tom Witzbr /Still wants to seed hedge funds and offer operational support despite cutbacks inbr /the amount of capital parent is willing to provide.br /br /span style="font-weight: bold;"Larch Lane Advisors/spanbr /Purchase, N.Y.br /Marc Jurishbr /Established in 1993 by Marc Jurish and became an affiliate of Old Mutual Assetbr /Management in 2005. In June, entered into a joint venture with the now-embattledbr /AIG Investments to provide seed capital between $50 million to $200 million perbr /deal.br /br /span style="font-weight: bold;"Liberty Ermitage/spanbr /Londonbr /Jonathan Wautonbr /Still amenable to seeding deals, but it’s temporarily out of the game until it raisesbr /capital for a new vehicle. The life of an earlier vehicle recently ran its course.br /br /span style="font-weight: bold;"Man Group (RMF):/spanbr /span style="font-weight: bold;"Hedge Fund Ventures/spanbr /Londonbr /Hans Hurschlerbr /Has backed 32 operations over the years in exchange for revenue or equity stakes.br /Terms have changed, however, with the November launch of its RMF Globalbr /Emerging Managers fund, which has backed eight management companies thisbr /year. Fund enters only revenue-sharing arrangements. One fund it has seeded isbr /Bill Seibold’s Noroton Capital.br /Man Group:br /Man Global Strategiesbr /Londonbr /Alex Lowebr /The Man unit uses parent’s proprietary capital to invest in early-stage managers.br /br /span style="font-weight: bold;"MD Sass-Macquarie Financial Strategies/spanbr /New Yorkbr /Steve Shenfeldbr /Has backed nine companies and expects to add a couple more to its roster bybr /yearend. Set up as private equity vehicle, investor money is locked up until 2014,br /with the possibility of extending to 2017.br /br /span style="font-weight: bold;"Millennium Management/spanbr /New Yorkbr /Adin Kahnbr /Allocates capital in a flexible manner to satisfy unique business and investmentbr /relationships.br /br /span style="font-weight: bold;"Ospraie Wingspan/spanbr /New Yorkbr /Eric Vincentbr /Since its start in 2005, has allocated capital to eight independent managers ofbr /commodities funds. Ospraie also offers marketing and operational support.br /Wingspan is a unit of Lehman-backed Ospraie Management, which is liquidatingbr /its flagship commodities vehicle due to losses.br /br /span style="font-weight: bold;"Reservoir Capital/spanbr /New Yorkbr /Dana Craverbr /Has ownership stakes in 10 managers. Founded by Dan Stern and Craig Huff,br /former partners at Ziff Brothers Investment. Reservoir was an early backer of suchbr /big names as HBK Investments, Och-Ziff and Ellington Management.br /br /Skybridge Capitalbr /New Yorkbr /Anthony Scaramuccibr /Has seeded nine hedge funds. Skybridge formed a joint venture with Challengerbr /Financial of Australia to mine for talented fund mangers down under, as well as tobr /market current funds to investors. Computer tycoon Michael Dell is a big investorbr /in one of its funds.br /br /Triple A Partnersbr /Santa Monica, Calif.br /Hans Tidemanbr /Has so far seeded three Asia funds, its specialty. Provides working and seedbr /capital along with operational and marketing support.br /br /span style="font-weight: bold;"Weston Capital Management/spanbr /Westport, Conn.br /Chris Kelleybr /Shares revenues with nine managers in exchange for a combined $1.5 billion ofbr /trading capital. Doesn’t supply working capital and doesn’t take equity stakes.br /Affiliated funds include White Oak, Agamas Capital and Frontfour.br /br /h4Related to Hedge Fund Backers | A List of Capital Sources for Hedge Funds:/h4ullia title="Hedge Fund Terms" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html" description="Hedge Fund Terms, Hedge Fund Definition, Define a Hedge Fund, Hedge Funds Definition, Hedge Fund Definitions" alt="Hedge Fund Terms"Hedge Fund Terms and Definitions/a/lilia alt="Hedge Fund Tracker Tool, Hedge Fund Press Release, Hedge Fund Press Releases, Hedge Fund Tools, Hedge Fund News" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Hedge Fund Tracker Tool"Hedge Fund Tracker Tool/a/lilia alt="Financial Certification, Financial Management Certification, Financial Markets Certification" title="Financial Certification" href="http://richard-wilson.blogspot.com/2008/08/financial-certification.html"Financial Certification/a/lilia alt="Hedge Fund Forum, Hedge Fund Forum Greenwich, Hedge Fund Manager Forum" title="Hedge Fund Forum" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-forum.html"Hedge Fund Forum/a/li/ulTags: Hedge Fund Backers, Hedge Fund Capital Providers, Hedge Fund Capital, Sources of Capital for Hedge Fund Managers, Institutional Hedge Fund Capitaldiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=508M5ss1"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=508M5ss1" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=RJ4XU2py"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=vpBT7iFC"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=vpBT7iFC" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/rK-vup63gmQ" height="1" width="1"/

Bernard Madoff Hedge Fund Manager Notes

Richard C. Wilson — Mon, 29 Dec 2008 03:07:02 +0000

h1 style="text-align: center;"bBernard Madoff/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Bernard Madoff Hedge Fund Manager Notes/span/b/h2br /a alt="Bernard Madoff Hedge Fund Manager Notes" title="Bernard Madoff Hedge Fund Manager Notes" onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://richard-wilson.blogspot.com/"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 150px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/SVcNYHaZvVI/AAAAAAAACuo/J88d9xIiiPk/s200/Bernard-Madoff-Hedge-Fund-Fraud.jpg" alt="Bernard Madoff Hedge Fund Manager Notes" title="Bernard Madoff Hedge Fund Manager Notes" id="BLOGGER_PHOTO_ID_5284707395700374866" border="0" //aJust came across another post on the Madoff fraud case. This article is by Veryan Allen, here is an excerpt:br /blockquoteBernie Madoff was a stock broker "managing" client accounts. He was never part of the hedge fund industry. His firm was "regulated" and fraud is already illegal. He did not charge 2 and 20 and had no prime broker, proper auditor or independent administrator. Few professional investors invested directly with so many red flags in abundance. Due diligence is an alpha source itself. And portfolio diversification with NUMEROUS strategies and managers is mandatory. a rel="nofollow" target="_blank" href="http://hedgefund.blogspot.com/"read more.../abr //blockquoteh4Additional Information on Bernard Madoffbr //h4ullia alt="Hedge Fund Blogger.com: Hedge Fund Ethics | A New Code" href="http://richard-wilson.blogspot.com/2008/12/hedge-fund-ethics-new-code.html" title="Hedge Fund Ethics | A New Code"Hedge Fund Ethics | A New Code/a/lilia alt="Hedge Fund Blogger.com: Bernard Madoff Fraud | Auditings amp; Due Diligence" href="http://richard-wilson.blogspot.com/2008/12/bernard-madoff-fraud-auditings-due.html" title="Bernard Madoff Fraud | Auditings amp; Due Diligence"Bernard Madoff Fraud | Auditings amp; Due Diligence/a/lilia alt="Hedge Fund Blogger.com: Bernard Madoff Hedge Fund Risks | Fund of Fund Letter" href="http://richard-wilson.blogspot.com/2008/12/bernard-madoff-hedge-fund-risks-fund-of.html" title="Bernard Madoff Hedge Fund Risks | Fund of Fund Letter"Bernard Madoff Hedge Fund Risks | Fund of Fund Letter/a/lilia alt="Hedge Fund Blogger.com: Bernard Madoff Case amp; Hedge Fund Fraud" href="http://richard-wilson.blogspot.com/2008/12/bernard-madoff-case-hedge-fund-fraud.html" title="Bernard Madoff Case amp; Hedge Fund Fraud"Bernard Madoff Case amp; Hedge Fund Fraud/a/li/ulTags: Bernard Madoff, Bernard Madoff Feeder Funds, Madoff Fraud Case, Madoff News, Bernard Madoff News, Bernard Maddoff, Bernard Madof, Bernard Madoff hedge fundsdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=WYu00EZd"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=WYu00EZd" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=slItEtQC"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=1onff1cB"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=1onff1cB" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/W4GgV5Nn2L8" height="1" width="1"/

Understanding Hedge Funds | Video Definition

Richard C. Wilson — Mon, 29 Dec 2008 01:36:38 +0000

h1 style="text-align: center;"bUnderstanding Hedge Funds/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Understanding Hedge Funds | Video Definition/span/b/h2br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/ksLySMWRwLsamp;color1=0xb1b1b1amp;color2=0xcfcfcfamp;feature=player_embeddedamp;fs=1"param name="allowFullScreen" value="true"embed src="http://www.youtube.com/v/ksLySMWRwLsamp;color1=0xb1b1b1amp;color2=0xcfcfcfamp;feature=player_embeddedamp;fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /Watch over 100 additional videos on hedge funds here: a alt="Hedge Fund Blogger.com: Hedge Fund Videos" href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html" title="Hedge Fund Videos"100+ Hedge Fund Videos/abr /br /h4Related to Understanding Hedge Funds | Video Definitionbr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/li/ulTags: Understanding Hedge Funds, What is a hedge fund, what are hedge funds, hedge funds defined, hedge fund terminology, hedge funds terminology, hedge funds definitionsdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=E5qSjm0V"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=E5qSjm0V" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=ir51zBwX"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=p380B0Yo"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=p380B0Yo" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/ZDg7mQvMUeQ" height="1" width="1"/

Hedge Fund Ethics | A New Code

Richard C. Wilson — Wed, 24 Dec 2008 09:51:54 +0000

h1 style="text-align: center;"bHedge Fund Ethics/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Ethics | A New Codebr //span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_wM_OZdOMR_Y/SVICAfeCXGI/AAAAAAAACtA/CkDJ2rBtKNk/s1600-h/Hedge-Fund-Ethics-Code.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 150px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/SVICAfeCXGI/AAAAAAAACtA/CkDJ2rBtKNk/s200/Hedge-Fund-Ethics-Code.jpg" alt="" id="BLOGGER_PHOTO_ID_5283287520329751650" border="0" //aThe downturn of the markets, recent fraud cases and pending regulatory changes the time is ripe for a widely accepted set of principles to act by. I would like to start a discussion here on what such a code of ethics for hedge funds should include. There are some financial non-profit groups which have proposed standards but their interests are diverse and many of them do not work within the hedge fund industry.br /br /By working with the 50 Advisory Board members of the Hedge Fund Group (HFG) and visitors to this site I would like to help put together a brief and simple code of ethics for the hedge fund industry. The end product would be actively promoted through many hedge fund related websites, discussed with hundreds of hedge fund managers and required as part of the a href="http://chadesignation.org/"CHA Designation/a Program.br /br /Please comment below with any input you may have on this process, insight on what should be included or interest in applying to become part of the a href="http://hedgefundgroup.org/"Hedge Fund Group (HFG)/a Board of Advisors.br /br /br /Tags: Hedge Fund Ethics, Hedge Funds Ethics, Hedge Fund Industry Ethics, Ethics Code for Hedge Funds, Hedge Fund Group (HFG) Code of Conduct Ethics Guidediv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=n7PRg3Vn"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=n7PRg3Vn" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=O2ChSIF6"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=uFH1UXtT"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=uFH1UXtT" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/UmpUMDEQX1k" height="1" width="1"/

Hedge Fund Advertising Marketing Restrictions | Ideas

Richard C. Wilson — Wed, 17 Dec 2008 05:07:57 +0000

h1 style="text-align: center;"bHedge Fund Advertising/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Advertising amp; Marketing Ideasbr //span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" alt="Hedge Fund Advertising amp; Marketing Restrictions | Ideas" title="Hedge Fund Marketing" href="http://richard-wilson.blogspot.com/"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 150px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/SUiIsG1ZZbI/AAAAAAAACqw/8JSq313Ucb8/s200/Hedge-Fund-Advertising-Marketing-Restrictions.jpg" alt="Hedge Fund Advertising amp; Marketing Restrictions | Ideas" title="Hedge Fund Advertising Restrictions" id="BLOGGER_PHOTO_ID_5280620854422103474" border="0" //a(http://HedgeFundBlogger.com)There are many restrictions on hedge fund advertising and marketing. Due to the broad mandates and relatively lenient registration and disclosure rules hedge funds in the United States are only allowed to accept investments from accredited investors and institutions.br /br /While this means hedge funds cannot take out TV or radio commercials there are many more gray areas where many hedge funds are now “promoting” or “branding” themselves. I never provide financial advice on HedgeFundBlogger.com and this is surely not a recommended or list of “safe” ways to market your fund. No matter what you hear from a consultant or at a conference always check with your own compliance officer or legal counsel before taking any action. Here is a list of ways in which funds are currently marketing their strategies:br /br /• span style="font-weight: bold;"Websites /span– Many funds have websites describing their firm and investment strategy. Some go as far as to explain what their strategy is in detail along with their current assets under management and who is on their portfolio management team. These websites may cost between $1,000 and $25,000 to create and generally $30-500/month to maintain. A few hedge fund managers even run blogs.br /br /• span style="font-weight: bold;"Public Relations Professionals/span – Many hedge funds actively engage public relations firms to help increase the number of quotes or in-story mentions their fund’s executives get placed within mainstream media outlets. These consultants may work on some one-off crisis management projects for a premium but generally prefer $2-12k/month retainers instead.br /br /• span style="font-weight: bold;"Book Publishing/span – One of the many ways which hedge fund managers are promoting their businesses is through publishing books on the topic of hedge funds. These books may be on industry trends, portfolio management theories or one’s experience in the industry. Many professionals within the wealth management space are hungry to learn more about hedge funds and books which bridge the gap between what can be learned within editorial articles versus an educational book. Some niche publishers will publish books by hedge fund managers but most avoid publishing anyone who doesn’t have a marketing network or a real “media brand” behind their name which has been built up for several years. Due to this fact some hedge fund managers self-publish their own books through programs such as Lulu.com.br /br /• span style="font-weight: bold;"Conferences/span – One of the ways in which hedge fund managers market themselves each week is by speaking at conferences and events within the industry. These events could discuss marketing and sales, hedge funds in general or be on niche subjects related to family offices or activist investing. This strategy can be highly effective because it can support and serve as a direct marketing arm for the strategies mentioned above. Most speaking engagements do not pay, but many firms will at least cover your expenses and display your logo and name prominently at the event. Broker dealer conferences can also be productive events for hedge fund managers to attend. If you can gain a distribution agreement with HNW-focused broker-dealer and obtain a speaking engagement or booth at their event it can be a great way to get your foot in the door with some new face-to-face relationships with HNW advisors with the specific broker-deal group holding the conference.br /br /• span style="font-weight: bold;"External Consultants/span – While not technically advertising, thousands of funds choose to use the help of external consultants to help market their hedge funds. These consultants could be experts within raising capital within a specific channel, creating marketing materials or creating a marketing message. Those consultants who take on whole or partial responsibility for raising assets on behalf of the hedge fund manager are often referred to as third party marketers. To read my past articles on these types of marketers please click here or see my website dedicated to this subject – http://ThirdPartyMarketing.com. Naturally, it is important to complete thorough due diligence upon any groups which you ask to represent you in the market for both effectiveness and compliance reasons. Do not simply sign-up with someone to represent your hedge fund simply because they promise that they can raise the assets which you have been looking to raise.br /br /There are many other ways to market and grow your hedge fund which are not related to advertising or traditional marketing but most of these fall under more traditional means or external consultants. If you have any unique ideas or have heard of any other effective methods that fast growing hedge funds have used, please send them in by email or simply leave a comment below.br /br /Read over 50 additional articles within our a href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html"Hedge Fund Marketing Tip/as section by clicking a href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html"here/a.br /h4Related to Hedge Fund Advertising amp; Marketing Restrictions | Ideas/h4ullia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilispan style="font-size:100%;"/spana href="http://richard-wilson.blogspot.com/2008/02/institutional-investors-hedge-fund-due.html"Marketing to Institutional Investors/a/lilispan style="font-size:100%;"/spana title="hedge fund seed capital" href="http://richard-wilson.blogspot.com/2007/10/hedge-fund-seed-capital.html" description="hedge fund seed capital" alt="hedge fund seed capital"Hedge Fund Seed Capital/a/lilispan style="color: rgb(0, 0, 0);"/spana alt="Hedge Fund Blogger.com" href="http://richard-wilson.blogspot.com/2008/10/raising-new-hedge-fund-capital-during.html" title=""Raising New Hedge Fund Capital During the Crisis/a/lilispan style="font-size:100%;"/spana title="fund of hedge fund databases" href="http://richard-wilson.blogspot.com/2008/01/fund-of-hedge-funds-database.html" description="fund of hedge fund databases" alt="fund of hedge fund databases"Top 9 Hedge Fund Database Selection Tips/a/lilispan style="font-size:100%;"/spana title="hedge fund capital raising" href="http://richard-wilson.blogspot.com/2007/11/raising-capital-with-tenacity.html" description="hedge fund capital raising" alt="hedge fund capital raising"Raising Capital With Tenacity/a/li/ulTags: Hedge Fund Advertising, Hedge Fund Advertisement, Advertising for Hedge Funds, hedge fund marketing, marketing for hedge funds, hedge fund, hedge funds, investments, investmentdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=izG4Z8TG"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=izG4Z8TG" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=kTz58hfX"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=yrVexvCp"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=yrVexvCp" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/cL1A8ruVyU8" height="1" width="1"/

Hedge Fund Regulators, Investors Managers

Richard C. Wilson — Thu, 11 Dec 2008 03:51:02 +0000

h1 style="text-align: center;"bHedge Fund Regulators/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Regulators, Investors amp; Managers/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST_nH4o4oqI/AAAAAAAACpg/DtHEFHupfhM/s1600-h/Hedge-Fund-Regulators.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 200px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST_nH4o4oqI/AAAAAAAACpg/DtHEFHupfhM/s200/Hedge-Fund-Regulators.jpg" alt="Hedge Fund Regulators, Investors amp; Managers" title="Hedge Fund Regulators, Investors amp; Managers" id="BLOGGER_PHOTO_ID_5278191410950480546" border="0" //aThis morning I got an email from a friend in the industry who is in charge of developing relationships with hedge fund executives. She was preparing a report for a committee at her organization and wanted some feedback on the validity of many reports she had read over the last month on the state of the hedge fund industry. While they would be too lengthy to list below these are reports that you may find within my November and December blog archives produced by mainstream outlets such as the WSJ and FT. Here is my general response to what I see happening in the industry:br /______________br /br /It is true that leverage is harder to get for some funds and impossible for some more exotic asset classes. That said many hedge funds are operating as normal and a decent percentage of the industry was never using leverage in the first place.br /br /While many hedge funds have been shot down and small hedge funds will have a hard time raising assets the individuals quotes within some of these articles are 100% wrong on small hedge funds riding into the sunset. I usually hear from 3 new hedge fund startups every 10 days. In the last 36 hours I have heard from 6 new startups and everyone I talk to who knows what is going on thinks there will be hundreds if not over 1,000 new funds in 2009. The market is at an all time low and thousands of millionaire bankers have lost their jobs - they have nowhere to go...many will start funds. Raising capital will be hard but many will try and have at least $15-20M in friends and family money to start with.br /br /Regulations will come and hedge funds will be controlled more within specific asset classes but not nearly as much as banks will. I believe hedge funds will prosper again as the group as the market eventually corrects (whenever that is) and investors move away from cash.br /br /I believe many managers will be charging 1 and 20 or remain charging 2 and 20 and that fund of funds will be pressure to lower their fees after dismal protection from downside losses.br /h4Related to Hedge Fund Regulators, Investors amp; Managersbr //h4ullia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/li/ulTags: Hedge Fund Regulators, Regulators of Hedge Funds, Investors in Hedge Funds, Managers of Hedge Funds, Professionals Managing Hedge Funds, Investors in Hedge Fundsdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=WP8lDpap"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=WP8lDpap" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=ZAuSyX7W"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=82EphrRz"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=82EphrRz" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/v-sdRsdv5Ew" height="1" width="1"/

Independent Sales Consultant | Why Gitomer Sells

Richard C. Wilson — Tue, 09 Dec 2008 23:59:00 +0000

h1 style="text-align: center;"bIndependent Sales Consultant/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Independent Sales Consultant | Marketing Tipsbr //span/b/h2br /My favorite independent sales consultant is Jeffrey Gitomer who runs BuyGitomer. Why? Because he is a geyser of free helpful advice and information. He provides videos, weekly newsletters and inexpensively priced books which provide advice which can change your whole attitude and career. He gives away much more than he receives.br /br /Gitomer was an average sales professional until he decided to write a weekly sales column for a local newspaper. This column quickly grew and now is published in over 200 newspapers and magazines. His phone rings off each hour with new opportunities for him.br /br /Gitomer motivated me to write a book during my MBA program. It was awful, please do not read this book. What was great about this process though was it taught me the importance of writing daily. It took me 9 months to write the first 100 pages of the book and only 20 days to write the next 200 pages. The secret was sitting down and writing 10 pages/day. Since then I have started a few different blogs and I know make a living off of my daily writing habits, 100% of my consulting and sales are completed as a result of my daily blogging and article writing. br /br /Here is an example of the type of advice that Gitomer delivers:br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/zh6yd6wfCgUamp;rel=0amp;color1=0x5d1719amp;color2=0xcd311bamp;hl=enamp;feature=player_embeddedamp;fs=1"param name="allowFullScreen" value="true"embed src="http://www.youtube.com/v/zh6yd6wfCgUamp;rel=0amp;color1=0x5d1719amp;color2=0xcd311bamp;hl=enamp;feature=player_embeddedamp;fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /br /br /h4Related to Independent Sales Consultant/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Independent Sales Consultant, Sales Consultant, Sales Management Consultant, Sales Consultants, Sales marketing Consultant, Sales Marketing Consulting, sales training consultingdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=Lms6euQh"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=Lms6euQh" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=vncbTFDa"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=gy7KAAIT"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=gy7KAAIT" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/djEz8Cjyy3o" height="1" width="1"/

Hedge Fund Benchmark Performance Update

Richard C. Wilson — Tue, 09 Dec 2008 19:03:14 +0000

h1 style="text-align: center;"bHedge Fund Benchmarks/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Benchmark Performance Update/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST7A370WU4I/AAAAAAAACpQ/Gur-LzUhmLw/s1600-h/hedge-fund-performance-benchmarks.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 148px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST7A370WU4I/AAAAAAAACpQ/Gur-LzUhmLw/s200/hedge-fund-performance-benchmarks.jpg" alt="" id="BLOGGER_PHOTO_ID_5277867880507396994" border="0" //a(HedgeFundBlogger.com 12.8.08) Just got an email from my friends at HedgeFund.net - they have released some interesting hedge fund benchmark data and redemption numbers. Here is a quick excerpt from this release:br /blockquoteHedgeFund.net today released early estimates indicating total hedge fundbr /assets fell an additional 5.2% in November to $2.11 trillion largely due to investors redeeming a record $130.04 billion during the month. Hedge fund performance losses slowed in November, but remained negative for the sixth month in a row. The HFN Hedge Fund Aggregate Average, an equal weighted benchmark of all single manager hedge funds and CTA/managed futures products in the HedgeFund.net database, was -0.47% in November and -14.75% YTD. The HedgeFund.net database consists of over 8,600 current hedge fund, fund of funds, and CTA products.br /br /The process of investor redemptions is not immediate and mounting losses during the year may have led to the spike in redemptions in both October and November. The hedge fund industry is in its largest ever drawdown and redemption requests likely exacerbated the situation due to forced selling. Despite record losses, the average hedge fund has significantly outperformed the Samp;P 500 Total Return Index which was -37.66% YTD through November./blockquoteLooking at this same report it looks like the span style="font-weight: bold;"Top 3 Best Performing Benchmarks:/spanbr /olliShort Bias/liliHealthcare/liliFixed Income (non-arbitrage)/li/olspan style="font-weight: bold;"Top 3 Worst Performing Hedge Fund Benchmarks:/spanbr /olliDistressed/liliLong Only/liliTechnology/li/olPlease click on the image below to see a full run down on the recent benchmark performance figures.br /br /span style="font-weight: bold;"(Click Image Below to View Figures)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6_aP44A2I/AAAAAAAACpI/IR4P03izkVQ/s1600-h/Benchmarks.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 242px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6_aP44A2I/AAAAAAAACpI/IR4P03izkVQ/s400/Benchmarks.jpg" alt="" id="BLOGGER_PHOTO_ID_5277866270987387746" border="0" //abr /h4Related to Hedge Fund Benchmark Performance Updatebr //h4ullia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Over 100 Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund Performance Figures, Hedge Fund Benchmarks, Hedge Fund Benchmark Performance, Performance of hedge fund benchmarks, benchmark performance numbersdiv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=1QOjL5jW"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=1QOjL5jW" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=ZqnRB1b5"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=UMofBWbQ"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=UMofBWbQ" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/hf6i1lulHY0" height="1" width="1"/

International Hedge Fund Inquiry | Tips Tools?

Richard C. Wilson — Tue, 09 Dec 2008 17:54:02 +0000

h1 style="text-align: center;"bInternational Hedge Funds/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"International Hedge Fund Inquiry | Tips amp; Tools?/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" alt="International Hedge Fund" title="International Hedge Funds" href="http://richard-wilson.blogspot.com/2008/12/international-hedge-fund-inquiry-tips.html"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 134px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6wK4Qa7dI/AAAAAAAACow/f9qLeuiwGH8/s200/International-Hedge-Funds.jpg" alt="International Hedge Fund Inquiry" title="International Hedge Fund" id="BLOGGER_PHOTO_ID_5277849514271239634" border="0" //aI just got this email in this morning:br /br /span style="font-weight: bold;"Question/span: I am conducting research on hedge funds from here in New York but my focus is on Europe and international hedge funds in general. Do you know of a book or thorough white paper on this subject or any online resources which you could point me towards?br /br /span style="font-weight: bold;"Answer/span: I am not aware of any solid books on this topic but our team has compiled a series of international hedge fund guides, these may be a good starting point for your research. Here are links to a few of the most popular guides we have put out:br /ullia title="Hedge Funds London" href="http://richard-wilson.blogspot.com/2008/05/hedge-funds-london.html" description="Hedge Funds London, Hedge Funds in London, Hedge Fund London, Hedge Fund in London" alt="Hedge Funds London"London/a/lilia title="Asia Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/asia-hedge-fund.html" alt="Asia Hedge Fund " descripiton=" Guide to Asia Hedge Funds"Asia/a/lilia title="Australian Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/australian-hedge-funds.html" description="A guide to hedge funds in Australia" alt="Australian Hedge Funds, Australia Hedge Fund, Australian Hedge Fund"Australia/a/lilia href="http://richard-wilson.blogspot.com/2008/09/bermuda-hedge-fund-guide.html"Bermuda/a/lilia title="Brazil Hedge Funds - Overview of Hedge Funds in Brazil" href="http://richard-wilson.blogspot.com/2008/06/brazil-hedge-funds.html" description="Brazil Hedge Funds Guide - An Overview of Brazilian Hedge Funds" alt="Brazil Hedge Funds"Brazil/a/lilia title="Hedge Funds in Canada" href="http://richard-wilson.blogspot.com/2008/06/hedge-funds-in-canada-canadian-hedge.html" description="Hedge Funds in Canada, Canadian Hedge Funds, Canadian Hedge Fund, Hedge Fund in Canada" alt="Canada Hedge Funds"Canada/a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Cayman Island Hedge Fund Guide | Hedge Funds in the Cayman Islands" href="http://richard-wilson.blogspot.com/2008/10/cayman-island-hedge-fund-guide-hedge.html" title="Cayman Island Hedge Fund Guide | Hedge Funds in the Cayman Islands"Cayman Islands/a/span/lilia title="China Hedge Funds" href="http://richard-wilson.blogspot.com/2008/05/china-hedge-funds-hedge-funds-in-china.html" description="China Hedge Funds, Chinese Hedge Funds, Hedge Funds in China, Hedge Fund in China, China Hedge Fund" alt="China Hedge Funds"China/a/lilia title="Denmark Hedge Funds" href="http://richard-wilson.blogspot.com/2008/08/denmark-hedge-fund-guide.html" description="A short guide to the hedge fund industry in Denmark" alt="Denmark Hedge Funds, Denmark Hedge Fund Manager, Hedge Funds in Denmark, Denmark Hedge Fund Regulation"Denmark/a/lilia title="Hedge Funds in Dubai" href="http://richard-wilson.blogspot.com/2008/07/dubai-hedge-funds.html" description="Guide to hedge funds in Dubai" alt="Dubai Hedge Funds, Hedge Funds in Dubai, Hedge Fund in Dubai"Dubai/a/lilia title="European Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/european-hedge-funds.html" description="Guide to Hedge Funds in Europe" alt="European Hedge Funds, Hedge Funds in Europe, Hedge Fund in Europe"European/a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: France Hedge Fund Guide | One Page Guide to Hedge Funds in France" href="http://richard-wilson.blogspot.com/2008/10/france-hedge-fund-guide-one-page-guide.html" title="France Hedge Fund Guide | One Page 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href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-mexico-mexican.html" description="A guide to hedge funds in Mexico" alt="Hedge Fund Mexico, Hedge Funds in Mexico, Mexican Hedge Funds"Mexico/a/lilia title="Russia Hedge Fund" href="http://richard-wilson.blogspot.com/2008/08/russia-hedge-fund-guide.html" alt="Russia Hedge Fund, Russia Hedge Fund Guide"Russian/a/lilia title="Hedge Fund in Singapore" href="http://richard-wilson.blogspot.com/2008/07/hedge-fund-singapore.html" description="Hedge Fund in Singapore" alt="Hedge Fund Singapore, Hedge Funds in Singapore, Hedge Fund in Singapore"Singapore/a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Spain Hedge Fund Guide | 1 Page Guide to Hedge Funds in Spain" href="http://richard-wilson.blogspot.com/2008/10/spain-hedge-fund-guide-1-page-guide-to.html" title="Spain Hedge Fund Guide | 1 Page Guide to Hedge Funds in Spain"Spain/a/span/lilia title="Switzerland Hedge Fund" href="http://richard-wilson.blogspot.com/2008/08/switzerland-hedge-fund-guide.html" alt="Hedge Fund Switzerland, Switzerland Hedge Funds, Hedge Funds in Switzerland, Swiss Hedge Funds, Swiss Hedge Fund"Switzerland/a/li/ulh4Related to International Hedge Fund Inquiry | Tips amp; Tools?/h4ullia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"100+ Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" 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Paulson Co 13F Holdings Analysis | Q3 2008

Richard C. Wilson — Tue, 09 Dec 2008 17:40:13 +0000

h1 style="text-align: center;"bPaulson amp; Co Holdingsbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Paulson amp; Co 13F Holdings Analysis | Q3 2008br //span/b/h2This post on Paulson and Co is being written as part of HedgeFundBlogger.com's a alt="Hedge Funds and Investment Securities" title="Investment Securities Holdings" description="Investment securities analysis 13F holdings" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Investment Securities Tool/a which analyzes the holdings of hedge fund managers.Please click on the pictures below each section to view the securities held along with their values and current share holdings as of Paulson and Co.'s Q3 2008 filing:br /br /span style="font-weight: bold;"Security Holdings Changes 1 of 3 (Click Image to View)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6sny29uYI/AAAAAAAACoY/pt3BxIP51Mk/s1600-h/Paulson+and+co-1+of+3.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 220px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6sny29uYI/AAAAAAAACoY/pt3BxIP51Mk/s400/Paulson+and+co-1+of+3.JPG" alt="" id="BLOGGER_PHOTO_ID_5277845612991986050" border="0" //aspan style="font-weight: bold;"Security Holdings Changes 2 of 3 (Click Image to View)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6stJWOltI/AAAAAAAACog/rpMlrrrMGPU/s1600-h/Paulson+and+co-2+of+3.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 248px; height: 136px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6stJWOltI/AAAAAAAACog/rpMlrrrMGPU/s400/Paulson+and+co-2+of+3.JPG" alt="" id="BLOGGER_PHOTO_ID_5277845704928040658" border="0" //abr /span style="font-weight: bold;"Security Holdings Changes 3 of 3 (Click Image to View)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6syV7wTJI/AAAAAAAACoo/-IHdl_GfIPs/s1600-h/Paulson+and+co-3+of+3.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 268px; height: 147px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6syV7wTJI/AAAAAAAACoo/-IHdl_GfIPs/s400/Paulson+and+co-3+of+3.JPG" alt="" id="BLOGGER_PHOTO_ID_5277845794206010514" border="0" //aspan style="font-weight: bold;"Securities Mentioned Within This 13F Filing:/spanbr /ulliAffiliated Computer Services Inc (ACS) /liliAnheuser-Busch Cos Inc (BUD) /liliApplied Biosystems Inc (CRA) /liliBank Of America Corp (BAC) /liliBarr Pharmaceuticals Inc (BRL) /liliBce Inc (BCE) /liliBoston Scientific Corp (BSX) /liliBrocade Communications Systems In ... (BRCD) /liliCheniere Energy Inc (LNG) /liliChoicepoint Inc (CPS) /liliCia Cervecerias Unidas Sa (CU) /liliElectronic Data Systems Corp (EDS) /liliGenentech Inc (DNA) /liliHercules Inc (HPC) /liliHercules Offshore Inc (HERO) /liliKinross Gold Corp (KGC) /liliMacrovision Solutions Corp (MVSN) /liliMerrill Lynch And Co Inc (MER) /liliMirant Corp (MIR) /liliNavteq Corp (NVT) /liliNrg Energy Inc (NRG) /liliNymex Holdings Inc (NMX) /liliPhilip Morris International Inc (PM) /liliRohm And Haas Co (ROH) /liliTime Warner Inc (TWX) /liliW-H Energy Services Inc (WHQ) /liliWm Wrigley Jr Co (WWY) /liliYahoo Inc (YHOO) /li/ulSource: Q3 2008 13F SEC a rel="nofollow" target="_blank" href="http://www.sec.gov/Archives/edgar/data/1035674/0001035674-08-000011.txt"Filing/a | a rel="nofollow" target="_blank" href="http://www.mffais.com/index.html"MFF/abr /h4Related to Paulson amp; Co 13F Holdings Analysis | Q3 2008br //h4ulliAnalysis #1: a alt="Tontine Capital Partners LP" title="Tontine Capital Partners LP Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/tontine-capital-partners-lp-hedge-fund.html"Tontine Capital Partners - 13F Hedge Fund Holdings/a/liliAnalysis #2: a alt="Lone Pine Capital Hedge Fund Holdings" title="Lone Pine Capital Hedge Fund Stephen Mendel" description="An analysis of Lone Pine Capital Hedge Fund Holdings and Stephen Mendel Jr." href="http://richard-wilson.blogspot.com/2008/09/lone-pine-capital-hedge-fund-stephen.html"Lone Pine Capital - 13F Hedge Fund Holdings/a/liliAnalysis #3: a alt="Tremblant Capital Hedge Fund Holdings" title="Tremblant Capital Hedge Fund Holdings" href="http://richard-wilson.blogspot.com/2008/09/tremblant-capital-hedge-fund-bret.html"Tremblant Capital - 13F Hedge Fund Holdings/a/liliAnalysis #4: a alt="Maverick Capital Management 13F" title="Maverick Capital Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/maverick-capital-management-13f-lee.html"Maverick Capital Management 13F Holdings Analysis/a/liliAnalysis #5: a alt="BP Capital Management | Boone Pickens | Hedge Fund Holdings" title="BP Capital Management Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/bp-capital-management-boone-pickens.html"BP Capital Management 13F Holdings Analysis/a/liliAnalysis #6: a alt="Blue Ridge Capital Hedge Fund | John A. 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Analysis/a/liliAnalysis #12: a alt="Tudor Hedge Fund | Paul Tudor Jones" title="Tudor Hedge Fund | Paul Tudor Jones" description="A short bio and analysis on the holdings of Tudor Hedge Fund | Paul Tudor Jones" href="http://richard-wilson.blogspot.com/2008/09/tudor-hedge-fund-paul-tudor-jones-13f.html"Tudor Hedge Fund | Paul Tudor Jones 13F Holdings Analysis/a/liliAnalysis #13: a alt="Harbinger Capital | 13F Hedge Fund Holdings Analysis" title="Harbinger Capital | 13F Hedge Fund Holdings Analysis" href="http://richard-wilson.blogspot.com/2008/10/harbinger-capital-13f-hedge-fund.html"Harbinger Capital | 13F Hedge Fund Holdings Analysis/a/liliAnalysis #14: a alt="Atticus Capital Management | 13F Hedge Fund Holdings Analysis" title="Atticus Capital Management | 13F Hedge Fund Holdings Analysis" href="http://richard-wilson.blogspot.com/2008/10/atticus-capital-management-13f-hedge.html"Atticus Capital Management | 13F Hedge Fund Holdings Analysis/a/liliAnalysis #15: span style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Jana Partners LLC Hedge Fund 13G Filing Notes" href="http://richard-wilson.blogspot.com/2008/10/jana-partners-llc-hedge-fund-13g-filing.html" title="Jana Partners LLC Hedge Fund 13G Filing Notes"Jana Partners LLC Hedge Fund 13G Filing Notes/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #16: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Julia Robertson - Hedge Fund Security Purchases" href="http://richard-wilson.blogspot.com/2008/10/julia-robertson-hedge-fund-security.html" title="Julia Robertson - Hedge Fund Security Purchases"Julian Robertson - Hedge Fund Security Purchases/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #17: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Warren Buffett Holdings | Investing in Stocks" href="http://richard-wilson.blogspot.com/2008/10/warren-buffett-holdings-investing-in.html" title="Warren Buffett Holdings | Investing in Stocks"Warren Buffett Holdings | Investing in Stocks/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #18: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Blue Ridge Capital 13G Holdings Analysis | Security Purchase" href="http://richard-wilson.blogspot.com/2008/10/blue-ridge-capital-13g-holdings.html" title="Blue Ridge Capital 13G Holdings Analysis | Security Purchase"Blue Ridge Capital 13G Holdings Analysis | Security Purchase/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #19: /spana alt="Hedge Fund Blogger.com: Viking Global Investors LP Q3 2008 13F Holdings Performance" href="http://richard-wilson.blogspot.com/2008/12/viking-global-investors-lp-q3-2008-13f.html" title="Viking Global Investors LP Q3 2008 13F Holdings Performance"Viking Global Investors LP Q3 2008 13F Holdings/a/li/ulTags: Paulson and Co, Paulson and company, John Paulson, John Paulson Hedge Fund, Paulson and Co Hedge Fund, Paulson and Co funds, Paulson and Co 13F Holdings Performancediv class="feedflare" a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=RBeYrFZr"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=RBeYrFZr" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=aFSc4ztB"img src="http://feedproxy.google.com/~f/richard-wilson-blog?d=50" border="0"/img/a a href="http://feedproxy.google.com/~f/richard-wilson-blog?a=ItDFoqWS"img src="http://feedproxy.google.com/~f/richard-wilson-blog?i=ItDFoqWS" border="0"/img/a /divimg src="http://feedproxy.google.com/~r/richard-wilson-blog/~4/DWRXo26TAuQ" height="1" width="1"/

Viking Global Investors LP Q3 2008 13F Holdings Performance

Richard C. Wilson — Tue, 09 Dec 2008 17:20:09 +0000

h1 style="text-align: center;"bViking Global Investors/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Viking Global Investors LP Q3 2008 13F Holdingsbr //span/b/h2br /This post is being written as part of HedgeFundBlogger.com's a alt="Hedge Funds and Investment Securities" title="Investment Securities Holdings" description="Investment securities analysis 13F holdings" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Investment Securities Tool/a which analyzes the holdings of hedge fund managers.Please click on the pictures below each section to view the securities held along with their values and current share holdings as of Viking's Q3 2008 filing:br /br /span style="font-weight: bold;"Added More Since Last 13F Filing (click image to view)br //spana onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST6mX8gQS2I/AAAAAAAACno/dFKOvogV1TQ/s1600-h/Viking-Global-Investors-Added+More.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 400px; height: 220px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST6mX8gQS2I/AAAAAAAACno/dFKOvogV1TQ/s400/Viking-Global-Investors-Added+More.JPG" alt="" id="BLOGGER_PHOTO_ID_5277838743633415010" border="0" //aspan style="font-weight: bold;"New Holdings (1 of 3)/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6liHVebiI/AAAAAAAACnA/leNCGjSHd20/s1600-h/Viking-Global-Investors--New+Holding1.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 274px; height: 169px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6liHVebiI/AAAAAAAACnA/leNCGjSHd20/s400/Viking-Global-Investors--New+Holding1.JPG" alt="" id="BLOGGER_PHOTO_ID_5277837818828058146" border="0" //abr /span style="font-weight: bold;"New Holding (2 of 3)/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6lsu2IepI/AAAAAAAACnI/hY1Q9hlC7Fs/s1600-h/Viking-Global-Investors-Holding2.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 218px; height: 123px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6lsu2IepI/AAAAAAAACnI/hY1Q9hlC7Fs/s400/Viking-Global-Investors-Holding2.JPG" alt="" id="BLOGGER_PHOTO_ID_5277838001232706194" border="0" //abr /span style="font-weight: bold;"New Holdings (3 of 3)/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6l1XYBQhI/AAAAAAAACnQ/TN40r4WHQBU/s1600-h/Viking-Global-Investors--New+Holding3.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 236px; height: 130px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6l1XYBQhI/AAAAAAAACnQ/TN40r4WHQBU/s400/Viking-Global-Investors--New+Holding3.JPG" alt="" id="BLOGGER_PHOTO_ID_5277838149551211026" border="0" //aspan style="font-weight: bold;"No Change Since Last 13F Filing (1 of 1)/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6mKQQTnlI/AAAAAAAACng/r-L9T3TrJ3Y/s1600-h/Viking-Global-Investors--No+Change.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 211px; height: 30px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6mKQQTnlI/AAAAAAAACng/r-L9T3TrJ3Y/s400/Viking-Global-Investors--No+Change.JPG" alt="" id="BLOGGER_PHOTO_ID_5277838508417064530" border="0" //abr /span style="font-weight: bold;"Sold Some/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6mgbK0iwI/AAAAAAAACnw/jMLbOzVqsLI/s1600-h/Viking-Global-Investors--Sold+Some.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 208px; height: 114px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6mgbK0iwI/AAAAAAAACnw/jMLbOzVqsLI/s400/Viking-Global-Investors--Sold+Some.JPG" alt="" id="BLOGGER_PHOTO_ID_5277838889303968514" border="0" //aspan style="font-weight: bold;"Sold All Since Last 13F Filing (1 of 2)/span span style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST6mpynEhvI/AAAAAAAACn4/zFKZZGDHLlg/s1600-h/Viking-Global-Investors--Sold+All1.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 256px; height: 146px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST6mpynEhvI/AAAAAAAACn4/zFKZZGDHLlg/s400/Viking-Global-Investors--Sold+All1.JPG" alt="" id="BLOGGER_PHOTO_ID_5277839050215294706" border="0" //abr /span style="font-weight: bold;"Sold All Since Q2 13F Filing (2 of 2) /spanspan style="font-weight: bold;"(click image to view)/spanbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6nBX35miI/AAAAAAAACoA/E-91e568bfQ/s1600-h/Viking-Global-Investors--Sold+All2.JPG"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 170px; height: 151px;" src="http://3.bp.blogspot.com/_wM_OZdOMR_Y/ST6nBX35miI/AAAAAAAACoA/E-91e568bfQ/s400/Viking-Global-Investors--Sold+All2.JPG" alt="" id="BLOGGER_PHOTO_ID_5277839455354984994" border="0" //aSecurities Mentioned Within Q3 13F Filing Included:br /ulliAce Ltd (ACE) /liliAlliance Data Systems Corp (ADS) /liliAmerican Medical Systems Holdings ... (AMMD) /liliAon Corp (AOC) /liliApollo Group Inc (APOL) /liliArkansas Best Corp (ABFS) /liliAssociated Banc-Corp (ASBC) /liliAutodesk Inc (ADSK) /liliAvalonbay Communities Inc (AVB) /liliBeckman Coulter Inc (BEC) /liliBlackrock Inc (BLQA.BE) /liliCharles River Laboratories Intern ... (CRL) /liliCoach Inc (COH) /liliDavita Inc (DVA) /liliDelta Air Lines Inc (DAL) /liliExpedia Inc (EXPEW) /liliFair Isaac Corp (FIC) /liliFirst Horizon National Corp (FHN) /liliFranklin Resources Inc (BEN) /liliFrontier Oil Corp (FTO) /liliGlacier Bancorp Inc (GBCI) /liliGoogle Inc (GOOG) /liliHarley-Davidson Inc (HOG) /liliHerbalife Ltd (HLF) /liliHologic Inc (HOLX) /liliHumana Inc (HUM) /liliIdearc Inc (IAR) /liliIhs Inc (IHS) /liliIllumina Inc (ILMN) /liliInvesco Ltd (AVZ) /liliItt Educational Services Inc (ESI) /liliJefferies Group Inc (JEF) /liliKeycorp (KEY) /liliKroger Cothe (KR) /liliMacrovision Solutions Corp (MVSN) /liliMassey Energy Co (MEE) /liliMastercard Inc (MA) /liliMckesson Corp (MCK) /liliMettler Toledo International Inc (MTD) /liliModuslink Global Solutions Inc (CMGI) /liliMonster Worldwide Inc (MNST) /liliMsci Inc (MXB) /liliNational City Corp (NCC) /liliNational Financial Partners Corp (NFP) /liliNii Holdings Inc (NIHD) /liliOch-Ziff Capital Management Group ... (OZM) /liliPalm Inc (PALM) /liliPlains Exploration And Production ... (PXP) /liliPricelinecom Inc (PCLN) /liliPrudential Financial Inc (PRU) /liliQualcomm Inc (QCOM) /liliQuest Diagnostics Incde (DGX) /liliRh Donnelley Corp (RHD) /liliSaic Inc (SAI) /liliSherwin-Williams Cothe (SHW) /liliSina Corpchina (SINA) /liliSouthwestern Energy Co (SWN) /liliSt Jude Medical Inc (STJ) /liliStanley Worksthe (SWK) /liliStaples Inc (SPLS) /liliSusquehanna Bancshares Inc (SUSQ) /liliThor Industries Inc (THO) /liliTidewater Inc (TDW) /liliTransocean Inc (RIG) /liliVerisign Inc (VRSN) /liliVisa Inc (V) /liliWeatherford International Ltd (WFT) /liliWhitney Holding Corp (WTNY) /li/ulSource: a rel="nofollow" target="_blank" href="http://www.sec.gov/Archives/edgar/data/1103804/0001103804-08-000016.txt"Q3 13F SEC Filing/a | a rel="nofollow" target="_blank" href="http://www.mffais.com/index.html"MFF/abr /h4Related to Viking Global Investors LP Q3 2008 13F Holdings Performancebr //h4ulliAnalysis #1: a alt="Tontine Capital Partners LP" title="Tontine Capital Partners LP Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/tontine-capital-partners-lp-hedge-fund.html"Tontine Capital Partners - 13F Hedge Fund Holdings/a/liliAnalysis #2: a alt="Lone Pine Capital Hedge Fund Holdings" title="Lone Pine Capital Hedge Fund Stephen Mendel" description="An analysis of Lone Pine Capital Hedge Fund Holdings and Stephen Mendel Jr." href="http://richard-wilson.blogspot.com/2008/09/lone-pine-capital-hedge-fund-stephen.html"Lone Pine Capital - 13F Hedge Fund Holdings/a/liliAnalysis #3: a alt="Tremblant Capital Hedge Fund Holdings" title="Tremblant Capital Hedge Fund Holdings" href="http://richard-wilson.blogspot.com/2008/09/tremblant-capital-hedge-fund-bret.html"Tremblant Capital - 13F Hedge Fund Holdings/a/liliAnalysis #4: a alt="Maverick Capital Management 13F" title="Maverick Capital Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/maverick-capital-management-13f-lee.html"Maverick Capital Management 13F Holdings Analysis/a/liliAnalysis #5: a alt="BP Capital Management | Boone Pickens | Hedge Fund Holdings" title="BP Capital Management Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/bp-capital-management-boone-pickens.html"BP Capital Management 13F Holdings Analysis/a/liliAnalysis #6: a alt="Blue Ridge Capital Hedge Fund | John A. Griffin" title="Blue Ridge Capital Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/blue-ridge-capital-hedge-fund-john.html"Blue Ridge Capital 13F Holdings Analysis/a/liliAnalysis #7: a alt="Clarium Capital Management | Peter Thiel Hedge Fund" title="Clarium Capital Management Hedge Fund" href="http://richard-wilson.blogspot.com/2008/09/clarium-capital-management-peter-thiel.html"Clarium Capital Management 13F Holdings Analysis/a/liliAnalysis #8: a alt="Greenlight Capital | David Einhorn Hedge Fund" title="Greenlight Capital | David Einhorn" description="Hedge Fund Greenlight Capital | David Einhorn" href="http://richard-wilson.blogspot.com/2008/09/greenlight-capital-david-einhorn-13f.html"Greenlight Capital David Einhorn 13F Holdings/a/liliAnalysis #9: a alt="Soros Fund Management LLC | George Soros Hedge Fund" title="Soros Fund Management LLC | George Soros" description="Hedge Fund Review of Soros Fund Management LLC | George Soros" href="http://richard-wilson.blogspot.com/2008/09/soros-fund-management-llc-george-soros.html"Soros Fund Management LLC 13F Holdings Analysis/a/liliAnalysis #10: a alt="Caxton Associates Hedge Fund | 13F Holdings Analysis" title="Caxton Associates Hedge Fund | 13F Holdings Analysis" href="http://richard-wilson.blogspot.com/2008/09/caxton-associates-hedge-fund-exclusive.html"Caxton Associates Hedge Fund | 13F Holdings Analysis/a/liliAnalysis #11: a alt="Top Hedge Fund Holdings" title="Top Hedge Fund Holdings" href="http://richard-wilson.blogspot.com/2008/09/top-hedge-fund-holdings-what-are-they.html"Top Hedge Fund Holdings - Original Research amp; Analysis/a/liliAnalysis #12: a alt="Tudor Hedge Fund | Paul Tudor Jones" title="Tudor Hedge Fund | Paul Tudor Jones" description="A short bio and analysis on the holdings of Tudor Hedge Fund | Paul Tudor Jones" href="http://richard-wilson.blogspot.com/2008/09/tudor-hedge-fund-paul-tudor-jones-13f.html"Tudor Hedge Fund | Paul Tudor Jones 13F Holdings Analysis/a/liliAnalysis #13: a alt="Harbinger Capital | 13F Hedge Fund Holdings Analysis" title="Harbinger Capital | 13F Hedge Fund Holdings Analysis" href="http://richard-wilson.blogspot.com/2008/10/harbinger-capital-13f-hedge-fund.html"Harbinger Capital | 13F Hedge Fund Holdings Analysis/a/liliAnalysis #14: a alt="Atticus Capital Management | 13F Hedge Fund Holdings Analysis" title="Atticus Capital Management | 13F Hedge Fund Holdings Analysis" href="http://richard-wilson.blogspot.com/2008/10/atticus-capital-management-13f-hedge.html"Atticus Capital Management | 13F Hedge Fund Holdings Analysis/a/liliAnalysis #15: span style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Jana Partners LLC Hedge Fund 13G Filing Notes" href="http://richard-wilson.blogspot.com/2008/10/jana-partners-llc-hedge-fund-13g-filing.html" title="Jana Partners LLC Hedge Fund 13G Filing Notes"Jana Partners LLC Hedge Fund 13G Filing Notes/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #16: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Julia Robertson - Hedge Fund Security Purchases" href="http://richard-wilson.blogspot.com/2008/10/julia-robertson-hedge-fund-security.html" title="Julia Robertson - Hedge Fund Security Purchases"Julian Robertson - Hedge Fund Security Purchases/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #17: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Warren Buffett Holdings | Investing in Stocks" href="http://richard-wilson.blogspot.com/2008/10/warren-buffett-holdings-investing-in.html" title="Warren Buffett Holdings | Investing in Stocks"Warren Buffett Holdings | Investing in Stocks/a/span/lilispan style="color: rgb(0, 0, 0);"Analysis #18: /spanspan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: Blue Ridge Capital 13G Holdings Analysis | Security Purchase" href="http://richard-wilson.blogspot.com/2008/10/blue-ridge-capital-13g-holdings.html" title="Blue Ridge Capital 13G Holdings Analysis | Security Purchase"Blue Ridge Capital 13G Holdings Analysis | Security Purchase/a/span/li/ulTags: Viking Global Investors, Viking Global Hedge Fund, Viking Global Investors LP Holdings, Viking Global Investors Fund, Viking Global Investors Greenwich, Andreas Halvorsendiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=pRNqo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=pRNqo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=lPFPO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=lPFPO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=X7hjo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=X7hjo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/479726712" height="1" width="1"/

Marc Dreier Investment Fraud Case | Updates

Richard C. Wilson — Tue, 09 Dec 2008 16:25:36 +0000

h1 style="text-align: center;"bMark Dreier/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Marc Dreier Investment Fraud Case/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6b1tiL2TI/AAAAAAAACmw/maHF_6dezJE/s1600-h/Marc-Dreier-Fraud-Case.jpeg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 134px; height: 200px;" src="http://2.bp.blogspot.com/_wM_OZdOMR_Y/ST6b1tiL2TI/AAAAAAAACmw/maHF_6dezJE/s200/Marc-Dreier-Fraud-Case.jpeg" alt="Marc Dreier Investment Fraud Case" title="Marc Dreier Investment Fraud Case" id="BLOGGER_PHOTO_ID_5277827160383150386" border="0" //aHere are a series of articles and videos on the Mark Dreier investment fraud case:br /br /span style="font-weight: bold;"Resource 1: (12.8.08)/span Mix allegations of financial fraud with sophisticated investors, add in the arrest of a high-profile lawyer and you've got a good old-fashioned Wall Street scandal.br /br /Prominent New York attorney Marc Dreier was arrested at LaGuardia Airport in New York on Sunday night and charged with two counts of fraud in a $113 million scheme to defraud investors that he had allegedly engineered since October. His return to New York followed his arrest and three-day jail stay in Canada last week, where he was accused of impersonating a Canadian pension fund official as part of the scheme. a rel="nofollow" target="_blank" href="http://www.forbes.com/business/2008/12/08/marc-dreier-fraud-biz-wall-cx_lm_1208dreier.html"source/abr /br /span style="font-weight: bold;"Resource 2: (12.7.08)/spanbr /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/w3hx8tkgg0Uamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/w3hx8tkgg0Uamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /br /br /h4Related to Marc Dreier Investment Fraud Casebr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Marc Dreier, Marc Dreier Investment Fraud, Marc Dreier Fraud, Mark Dreier LP, Mark Dreier Arrested, Mark Dreier, Marc Dreier Investor Fraud, Marc Dreier Newsdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=0Cuco"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=0Cuco" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=cr7aO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=cr7aO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=pL6xo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=pL6xo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/479672160" height="1" width="1"/

Gate Clauses and Lock Up Periods for Hedge Fund Investors

Richard C. Wilson — Tue, 09 Dec 2008 15:58:13 +0000

h1 style="text-align: center;"bGate Clauses amp; Lock Ups/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Gate Clauses amp; Lock Up Periods for Investors/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6Vek9SU8I/AAAAAAAACmo/pisAcon781Y/s1600-h/hedge-fund-gating-clause-lock-up-periods.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 160px;" src="http://1.bp.blogspot.com/_wM_OZdOMR_Y/ST6Vek9SU8I/AAAAAAAACmo/pisAcon781Y/s200/hedge-fund-gating-clause-lock-up-periods.jpg" alt="" id="BLOGGER_PHOTO_ID_5277820165874144194" border="0" //aHedge Fund Research's Global Hedge Fund Index was down 3.04 percent in November, after a drop of 9.26 percent in October (see FIN Alternatives a rel="nofollow" target="_blank" href="http://www.finalternatives.com/node/6269"article/a). That brings the index down 22.3% YTD through November. Continued poor performance has increased redemption requests, causing an increasing number of hedge funds to block investors from redeeming shares (see NY Times a rel="nofollow" target="_blank" href="http://www.nytimes.com/2008/12/05/business/05views.html?_r=1amp;ref=business"article/a). The increased addition of illiquid investments over the years (such as real estate and private equity) has caused many funds to start considering a new model that would require longer lock-up times for lower fees. High-water marks, which would force some under-performing funds to earn back 25 percent or more before taking profit fees, will cause additional funds to close, although others insist they will take the high road and not close until they are profitable again.br /br /As of the end of last week, approximately 100 hedge funds have placed restrictions on withdraws, in what is becoming a financial roach motel where investors can check in, but they cannot check out (see Bloomberg a rel="nofollow" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601039amp;refer=columnist_hassettamp;sid=anXt996yzU6o"article/a). The increased use of gates has even spread to some of the previous stars of the industry, such as Fortress Investment Group, Tudor Investment Corp., and D.E. Shaw amp; Company (see WSJ a rel="nofollow" target="_blank" href="http://online.wsj.com/article/SB122868561280086255.html?mod=googlenews_wsj"article/a). Furthermore, the problems are even worse for those funds investing in emerging markets, which continue to under-perform and are down an additional 1.41% on average in November (see Bloomberg a rel="nofollow" target="_blank" href="http://www.bloomberg.com/apps/news?pid=newsarchiveamp;sid=aaxduJqaKqjc"article/a).br /br /Finally, even with new gating restrictions, some hedge funds are also being forced to renegotiate borrowing terms with their prime brokerage lenders as losses and redemption requests increase (see Financial Times a rel="nofollow" target="_blank" href="http://www.ft.com/cms/s/0/16c27a02-c26d-11dd-a350-000077b07658.html"article/a). Many prime brokers are also seeing this as an opportunity to drop clients or renegotiate terms that were originally in favor of the large hedge funds who previously had bargaining power. No doubt many large investors with liquidity will be able to throw their weight around in a similar way as they begin renegotiating lower fee structures in return for longer lockup periods.br /br /by a rel="nofollow" href="http://www.bullbeartrader.com/2008/12/more-hedge-fund-gates-restrictions-and.html"Davide Enke/abr /h4Related to Gate Clauses and Lock Up Periods for Hedge Fund Investors/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Gating Clauses, Gate Clauses, Hedge Fund Gates, Hedge Fund Lock Up Periods, Lock Up Investment Clauses, Gate Clause, Hedge Fund Redemptions, hedge fund, hedge fundsdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=Pxopo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=Pxopo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=R5bGO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=R5bGO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=vaJmo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=vaJmo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/479641519" height="1" width="1"/

Corporate Mergers and Acquisitions | Hedge Fund Insights

Richard C. Wilson — Tue, 09 Dec 2008 04:47:00 +0000

h1 style="text-align: center;"bMergers and Acquisitionsbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Corporate Mergers and Acquisitions | Videobr //span/b/h2Here is a short video of hedge fund manager Phillip Goldstein discussing mergers and acquisitions and how the boards of most companies are not being held responsible for the performance of the companies which they are helping run. He notes that in many cases the CEO made by axed for bad performance or smeared in the press while the members of the board are largely ignored.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/wLtQ2Y7FpV8amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/wLtQ2Y7FpV8amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /h4Related to Corporate Mergers and Acquisitions | Hedge Fund Insights/h4ullia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Mergers and Acquisitions, Corporate Mergers and Acquisitions, Business Mergers and Acquisitions, Recent Mergers and Acquisitions, Merger and Acquisition, mergers, acquisitionsdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=J3RXo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=J3RXo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=5h1HO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=5h1HO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=z8q7o"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=z8q7o" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/479174334" height="1" width="1"/

Baupost Group | 13F Hedge Fund Analysis

Richard C. Wilson — Mon, 08 Dec 2008 21:58:02 +0000

h1 style="text-align: center;"Baupost Groupbr //h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Baupost Group | Hedge Fund Notes/span/b/h2Please span style="font-weight: bold;"click/span on the image below to view a report on the top 15 security position of Baupost Group according to their most recent 13F filings with the SEC on November 14th, 2008.br /br /h2 style="text-align: center;"a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://spreadsheets.google.com/ar?id=pkKTjm5KKNaMjvhGl4u6-fA.10792673061126837719.5542208977823802783amp;hl=enamp;action=1amp;tile=0amp;rpert=20amp;tfe=qa_134amp;srow=0amp;fprt=falseamp;scol=0amp;ecol=undefined"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 539px; height: 154px;" src="http://3.bp.blogspot.com/_Fgf02l7GQmM/STjToS3DBsI/AAAAAAAAAZo/6x_YOKqPR-0/s320/cropped.png" alt="" id="BLOGGER_PHOTO_ID_5276199652675487426" border="0" //a/h2br /Shares mentioned within Baupost's most recent 13F filing included:br /ulli2020 Chinacap Acquirco Inc (TTY) /liliAcergy Sa (ACGY) /liliAcusphere Inc (ACUS) /liliAlliance One International Inc (AOI) /liliAlternative Asset Management Acqu ... (AMV) /liliAtlas Pipeline Holdings Lp (AHD) /liliAtlas Pipeline Partners Lp (APL) /liliAudiovox Corp (VOXX) /liliBorders Group Inc (BGP) /liliBreitburn Energy Partners Lp (BBEP) /liliCapitalsource Inc (CSE) /liliCapitol Acquisition Corp (CLA) /liliCenterplate Inc (CVP) /liliChina Holdings Acquisition Corp (HOL) /liliClearpoint Business Resources Inc (CPBRU) /liliCore-Mark Holding Co Inc (CORE) /liliDomtar Corp (UFS) /liliEnterprise Gp Holdings Lp (EPE) /liliExchange Fs Group Plc (EXH.BE) /liliGlobal Consumer Acquisition Corp (GHC) /liliGolden Pond Healthcare Inc (GPH) /liliGsc Acquisition Co (GGA) /liliHicks Acquisition Co I Inc (TOH) /liliHighlands Acquisition Corp (HIA) /liliHorizon Lines Inc (HRZ) /liliIacinteractivecorp (IACI) /liliInter-Atlantic Financial Inc (IAN) /liliIturan Location And Control Ltd (ITRN) /liliKbl Healthcare Acquisition Corp I ... (KHA) /liliLiberty Acquisition Holdings Corp (LIA) /liliLinn Energy Llc (LINE) /liliMarathon Acquisition Corp (MAQ) /liliMultimedia Games Inc (MGAM) /liliNews Corp (NWS) /liliNewstrike Capital Inc (NWS.A) /liliNrdc Acquisition Corp (NAQ) /liliOmnova Solutions Inc (OMN) /liliPdl Biopharma Inc (PDLI) /liliPre-Paid Legal Services Inc (PPD) /liliProspect Acquisition Corp (PAX) /liliRhi Entertainment Inc (RHIE) /liliSapphire Industrials Corp (FYR) /liliSchool Specialty Inc (SCHS) /liliSeanergy Maritime Corp (SRG) /liliSp Acquisition Holdings Inc (DSP) /liliStream Global Services Inc (OOO) /liliSyneron Medical Ltd (ELOS) /liliTheravance Inc (THRX) /liliTm Entertainment And Media Inc (TMI) /liliTremisis Energy Acquisition Corp ... (TGY) /liliTriplecrown Acquisition Corp (TCW) /liliUnitedhealth Group Inc (UNH) /liliViasat Inc (VSAT) /liliVictory Acquisition Corp (VRY) /liliWellpoint Inc (WLP) /li/ulSource: a rel="nofollow" target="_blank" href="http://www.sec.gov/Archives/edgar/data/1061768/0001061768-08-000206.txt"SEC 13F Filing/a | a rel="nofollow" target="_blank" href="http://www.mffais.com/institutions/123932/"MFF Holdings/abr /br /View over 50 additional holdings analysis reports here: a alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/ah4Related to: Baupost Group | Hedge Fund Notes/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Baupost Group, Baupost Group 13F, Baupost Group Holdings, Baupost Group Assets, Baupost Group Hedge Fund, Baupost Group LLC, the Baupost Group LLC, Baupost Group Bostondiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=3zw8o"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=3zw8o" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=zz6jO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=zz6jO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=2dvCo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=2dvCo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/478895529" height="1" width="1"/

Hedge Fund Manager Updates | Tracker Profiles

Richard C. Wilson — Mon, 08 Dec 2008 21:57:00 +0000

h1 style="text-align: center;"bHedge Fund Managers/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Manager | Hedge Fund Notes/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST1FIoBWyII/AAAAAAAACmY/OUbzph2qQfU/s1600-h/Hedge-Fund-Manager-News.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 104px; height: 104px;" src="http://4.bp.blogspot.com/_wM_OZdOMR_Y/ST1FIoBWyII/AAAAAAAACmY/OUbzph2qQfU/s200/Hedge-Fund-Manager-News.jpg" alt="Hedge Fund Managers News" title="Hedge Fund Managers News" id="BLOGGER_PHOTO_ID_5277450352832465026" border="0" //aOver the last 48 hours our team has updated the Hedge Fund Tracker Note profiles on 9 different hedge funds. These profiles include videos, articles, press releases and statistics which are publicly available on these funds.br /br /Here are links to these 9 updated tracker note posts:br /ullia alt="Citadel Investment Group LLC" title="Citadel Investment Group" description="Citadel Investment Group LLC ran by Kenneth Griffin" href="http://richard-wilson.blogspot.com/2008/08/citadel-investment-group-llc-kenneth.html"Citadel Investment Group LLC/a/lilia alt="Hedge Fund Blogger.com: Acorn Capital Group | Hedge Fund Tracker Notes" href="http://richard-wilson.blogspot.com/2008/12/acorn-capital-group-hedge-fund-tracker.html" title="Acorn Capital Group | Hedge Fund Tracker Notes"Acorn Capital Group/a/lilia alt="Fortress Investment Group LLC" title="Fortress Investment Group LLC" description="Fortress Investment Group LLC Hedge Funds" href="http://richard-wilson.blogspot.com/2008/08/fortress-investment-group-llc.html"Fortress Investment Group LLC/a/lilia alt="Hedge Fund Blogger.com: Paulson Invesment Company | John Paulson | Hedge Fund Notes" href="http://richard-wilson.blogspot.com/2006/10/paulson-invesment-company-john-paulson.html" title="Paulson Invesment Company | John Paulson | Hedge Fund Notes"Paulson Invesment Company/a/lilia alt="Hedge Fund Blogger.com: Bridgewater Capital | Ray Dalio | Hedge Fund Notes" href="http://richard-wilson.blogspot.com/2006/10/bridgewater-capital-ray-dalio-hedge.html" title="Bridgewater Capital | Ray Dalio | Hedge Fund Notes"Bridgewater Capital/a/lilia alt="Hedge Fund Blogger.com: K2 Advisors | Fund of Hedge Fund Tracker Notes" href="http://richard-wilson.blogspot.com/2008/12/k2-advisors-fund-of-hedge-fund-tracker.html" title="K2 Advisors | Fund of Hedge Fund Tracker Notes"K2 Advisors/a/lilia alt="Hedge Fund Blogger.com: Ellington Management | Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2004/11/ellington-management-hedge-fund-tracker.html" title="Ellington Management | Hedge Fund Tracker Tool"Ellington Management /a/lilia alt="Hedge Fund Blogger.com: Oxford Funding Corporation | Hedge Fund Tracking Notes" href="http://richard-wilson.blogspot.com/2008/12/oxford-funding-corporation-hedge-fund.html" title="Oxford Funding Corporation | Hedge Fund Tracking Notes"Oxford Funding Corporation/a/lilia alt="Hedge Fund Blogger.com: Centaurus Energy | John Arnold | Hedge Fund Notes" href="http://richard-wilson.blogspot.com/2006/10/centaurus-energy-john-arnold-hedge-fund.html" title="Centaurus Energy | John Arnold | Hedge Fund Notes"Centaurus Energy/a/li/ulbr /br /h4Related to Hedge Fund Manager Updates | Tracker Profiles/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund Manager, Hedge Fund Manager News, Hedge Fund Manager Bios, Hedge Fund Tracking, Hedge Fund Tracking Articles, Articles on Hedge Fund Managers, hedge fundsdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=FoUYo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=FoUYo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=8XlCO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=8XlCO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=N9POo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=N9POo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/478895530" height="1" width="1"/

Hedge Funds Shutting Down | Managers Closing Door

Richard C. Wilson — Mon, 08 Dec 2008 04:42:00 +0000

h1 style="text-align: center;"bHedge Funds Shutting Down/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Funds Shutting Down | Video Interviewbr //span/b/h2I believe this guest speaker here is flat out wrong and is exaggerating what is happening to hedge funds right now, but I could be wrong. Here is an interesting video on how this manager believes that half of all hedge funds will close their doors over the next year.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/m6W_MnkUC64amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/m6W_MnkUC64amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /h4Related to Hedge Funds Shutting Down | Managers Closing Door/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Hedge Funds Shutting Down, Hedge Funds Shut Down, Hedge Funds Closing Down, Hedge Fund Failures, Which hedge funds have shut down, how many hedge funds will shut downdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=TKr0o"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=TKr0o" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=tp7uO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=tp7uO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=7NQTo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=7NQTo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/478100167" height="1" width="1"/

Hedge Fund Asset Selling Loss of Leverage

Richard C. Wilson — Mon, 08 Dec 2008 04:30:01 +0000

h1 style="text-align: center;"bHedge Fund Asset Selling/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Asset Selling amp; Loss of Leverage/span/b/h2Here is a short video on hedge fund redemptions, performance and trends. It discusses the recession of 2008, how it is affecting hedge funds and how many new hedge funds are being setup to take advantage of current distressed asset levels. This is a great video on hedge funds because it moves past much of the depressing news titles and provides a good context review of the industry.br /br /div align="center"object width="480" height="295"param name="movie" value="http://www.youtube.com/v/gPvzE9QQpJ4amp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/gPvzE9QQpJ4amp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="295"/embed/object/divbr /br /h4Related to Hedge Fund Asset Selling amp; Loss of Leverage/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Hedge Fund Asset Selling, Hedge Funds Selling Assets, Hedge Funds Selling, Hedge Fund Loss of Leverage, Hedge Fund Leverage, Leverage for Hedge Fund Managersdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=4sEDo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=4sEDo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=cb6uO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=cb6uO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=Iv5ho"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=Iv5ho" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/478100168" height="1" width="1"/

What To Know About Hedge Funds | Short Video

Richard C. Wilson — Fri, 05 Dec 2008 04:33:28 +0000

h1 style="text-align: center;"bVideo on Hedge Funds/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"What to Know About Hedge Funds/span/b/h2Here is a short video on hedge funds, the attention they are getting in the media and on short selling. What is nice about this movie is that in plain English it explains why most of what is going on is not new and how short selling is not evil. To view this video via my daily hedge fund newsletter please click a href="http://richard-wilson.blogspot.com/2008/12/what-to-know-about-hedge-funds-short.html"here/a, otherwise please see below.br /br /div align="center"object width="425" height="344"param name="movie" value="http://www.youtube.com/v/cv5SQZjIZOgamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/cv5SQZjIZOgamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"/embed/object/divbr /br /View over 50 additional a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a. h4Related to What To Know About Hedge Funds | Short Video/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: What to Know About Hedge Funds, Hedge Fund Basics, A Short History of Hedge Funds, Hedge Fund, hedge funds, stock market, stock markets, investment, investments, real estatediv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=wgjYo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=wgjYo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=yqEIO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=yqEIO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=2lbho"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=2lbho" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/475345999" height="1" width="1"/

Investor Questions for Hedge Funds | Video

Richard C. Wilson — Fri, 05 Dec 2008 04:32:32 +0000

h1 style="text-align: center;"bVideo - Investor Questionsbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Video | Investor Questions for Hedge Funds/span/b/h2Great video here addressing many issues I believe hedge fund investors would like to have answered right now. It discusses distressed assets, hedge fund redemptions and how the current market is changing the hedge fund industry and how investors view hedge funds. Within this post there is a discussion about the opportunity within the areas of distressed assets, short sellers and CTA funds. If you are viewing this article via our daily hedge fund newsletter please click a href="http://richard-wilson.blogspot.com/2008/12/investor-questions-for-hedge-funds.html"here/a to watch the video now, otherwise please see below.br /br /object width="480" height="295"param name="movie" value="http://www.youtube.com/v/jJmz-GD4C8Qamp;hl=enamp;fs=1"param name="allowFullScreen" value="true"param name="allowscriptaccess" value="always"embed src="http://www.youtube.com/v/jJmz-GD4C8Qamp;hl=enamp;fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="295"/embed/objectbr /br /View over 50 additional a href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/abr /h4Related to Investor Questions for Hedge Funds | Videobr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: Investor Questions, Investor Questions for Hedge Funds, Investment Questions on Hedge Funds, Hedge Fund Investor, Hedge Fund Investors, Investment Questions, investmentdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=tjv8o"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=tjv8o" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=ngzYO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=ngzYO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=avVOo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=avVOo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/475345998" height="1" width="1"/

Wealth Management Marketing Family Office Growth

Richard C. Wilson — Fri, 05 Dec 2008 03:59:54 +0000

h1div style="text-align: center;"span style="font-weight: bold;"Wealth Management Marketers/span/div/h1h2 style="text-align: center;"span style="font-weight: bold;"span style="color: rgb(0, 0, 102);"Demand for Family Office Sales Professionals/spanbr //span/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.shareselect.com.au/images/green1.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 294px; height: 195px;" src="http://www.shareselect.com.au/images/green1.jpg" alt="Wealth Management Marketing amp; Family Office Growth" title="Wealth Management Marketing amp; Family Office Growth" border="0" //aBelow is an article on a href="http://familyofficesgroup.com/"family offices/a and how they may be well positioned to pick up the pieces and grow their market share after this financial crisis has passed. I agree with the comment below that part of the reason that ultra high net worth individuals sometimes don't use family offices is because they don't know they exist or have never sat down with someone to discuss why it may make sense to work with one.br /br /I believe this is a sign of pent up demand for expert family office marketers. If you can work within the industry for 7 years and build your marketing expertise you are worth your weight in Gold to a medium to large sized family office group which is looking to further expand their services.br /br /Here is an excerpt from the article mentioned above:br /br /blockquoteWhen the dust settles from the financial crisis, multi-family offices are likely to be among the winners in Europe’s wealth industry.br /br /These businesses, which tend to advise ultra-wealthy families, expect to benefit from the damage wrought to the reputations of investment banks.br /br /Geneva-based Global Wealth Management manages €2bn ($2.6bn) for about 30 European and Middle Eastern families. Peter Sartogo, its managing partner, says multi-family offices have until now failed to promote themselves effectively in Europe.br /br /“One of the reasons multi-family offices haven’t grown as rapidly as might have been expected is that clients simply don’t know they exist. At the same time, there is no winning formula for a multi-family office – everyone does it differently.”br /br /Sartogo joined GWM three years ago after 15 years as an investment banker: “I think of it as my military service,” he laughs. a rel="nofollow" target="_blank" href="http://www.wealth-bulletin.com/wealth-business/advisers/rss/content/3352668489/"source/abr //blockquoteh4Related to Marketing for Wealth Management Firms amp; Family Offices/h4ullia alt="Hedge Fund Blogger.com: Family Offices" href="http://richard-wilson.blogspot.com/2008/03/family-office.html" title="Family Offices"Family Offices/a/lilia title="family office wealth management; family offices, family office services, family offices in New York and Boston" href="http://richard-wilson.blogspot.com/2007/11/family-office-wealth-management.html" alt="family office wealth management"Family Office Wealth Management/a/lilia title="Family Office Hedge Fund: multifamily office hedge funds" href="http://richard-wilson.blogspot.com/2007/11/family-office-hedge-fund.html" alt="family office hedge fund consultant"Family Office Hedge Fund/a/lilia title="High Net Worth Investors" href="http://richard-wilson.blogspot.com/2008/03/high-net-worth-investors.html" description="High Net Worth Investors" alt="High Net Worth Investors"High Net Worth Investors/a/lilia alt="Single Family Office" title="Single Family Office" description="Single Family Office" href="http://richard-wilson.blogspot.com/2008/09/single-family-office.html"Single Family Office/a/lilia title="Family Office Wealth Management, multifamily wealth management, multi-family offices, family office trends" href="http://richard-wilson.blogspot.com/2007/10/what-are-family-offices-multi-family.html" alt="family office wealth management"What Are Family Offices?/a/lilia title="Using Hedge Funds In Financial Planning" href="http://richard-wilson.blogspot.com/2007/11/using-hedge-funds-in-financial-planning.html" alt="Hedge Funds wealth management"Using Hedge Funds in Financial Planning/a/lilia href="http://www.citywealthmag.com/Citywealth_SandAire_Edition_67.pdf"Family Office Management Interview/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"span style="color: rgb(0, 0, 0);"/span/aa alt="Hedge Fund Blogger.com: Family Offices | Protecting the Wealth of the Super Rich" href="http://richard-wilson.blogspot.com/2008/10/family-offices-protecting-wealth-of.html" title="Family Offices | Protecting the Wealth of the Super Rich"Family Offices | Protecting the Wealth of the Super Rich/a/li/ulTags: Wealth Management, Financial, Finance, Family Offices, Wealth Managers, Wealth Management Marketing, RIA Marketing, Marketing and Sales for Wealth Management Firmsdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=Ymn6o"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=Ymn6o" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=9osFO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=9osFO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=NrOwo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=NrOwo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/475326821" height="1" width="1"/

Wealth Management Mergers Acquisitions

Richard C. Wilson — Thu, 04 Dec 2008 04:23:12 +0000

div style="text-align: center; font-weight: bold;"h1Wealth Management Mergers/h1h2 style="color: rgb(0, 0, 102);"Family offices amp; Wealth Management Mergers/h2/divbr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://ns1.siteground169.com/%7Ehealthan/healthandfuture/images/stories/Images/invest.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 233px; height: 227px;" src="http://ns1.siteground169.com/%7Ehealthan/healthandfuture/images/stories/Images/invest.jpg" alt="" border="0" //aBelow is a short piece on a recent family office related merger. I believe these will be increasing in frequency as highly profitable leaders within this industry look to re-invest cash in smaller family offices which could use best practices processes, centralized due diligence and manager selection services of the larger family offices. Here is the article excerpt:br /br /blockquoteMulti-family office Stonehage Group has announced the merger of TriAlpha, its asset management arm, with ACP Partners to create a combined business owned 50:50 by the two groups that will be known initially as ACP TriAlpha and has some USD2.5bn in assets under management.br /br /Founded in 1997, TriAlpha is an asset management house with an absolute return bias that manages a range of multi-manager hedge funds, multi-asset class funds and direct securities products for clients including institutions and high net worth families.br /br /London-based ACP was founded in 2001 by Joseph Sassoon, former founder and head of Goldman Sachs' European private wealth management business, and Alok Oberoi, who was head of Goldman's Asian private wealth management business and subsequently chief operating officer of global private wealth management in New York. Brett Lankester, the former head of private wealth management for Goldman in the UK, joined ACP in 2007. a rel="nofollow" target="_blank" href="http://www.hedgeweek.com/articles/detail.jsp?content_id=278735"source/a/blockquoteh4Related to Wealth Management Mergers amp; Acquisitions/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Wealth Management, wealth management mergers, wealth manager mergers, wealth management mergers and acquisitions, RIA wealth management, markets, stocks, stock marketdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=9UwOo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=9UwOo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=ubMAO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=ubMAO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=Oweho"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=Oweho" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/474291698" height="1" width="1"/

Questions About Hedge Funds | A Short Audio Clip

Richard C. Wilson — Thu, 04 Dec 2008 03:02:01 +0000

h1 style="text-align: center;"bQuestions on Hedge Funds/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Questions About The Hedge Fund Industrybr //span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.toastmasters.org/OtherImages/MemberQuestions.aspx"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 183px; height: 213px;" src="http://www.toastmasters.org/OtherImages/MemberQuestions.aspx" alt="" border="0" //a(http://HedgeFundBlogger.com) Many questions about hedge funds revolve around their definition, the scope of their investments and whether private corporations or real estate could groups could ever possibly access capital from hedge fund managers. Last night I found a short audio file which clearly explains what a hedge fund is.br /br /To listen to this audio file please click a style="font-weight: bold;" href="http://marketplace.publicradio.org/www_publicradio/tools/media_player/popup.php?name=marketplace/morning_report/2008/12/03/marketplace_morning_report0550_20081203_64amp;starttime=00:04:22.0amp;endtime=00:07:06.6"here/a now.br /br /br /Below is a short excerpt from the beginning of this audio clip:br /br /blockquoteSteve Chiotakis: Reports this morning are that Raymius Capital will close four of its hedge funds worth more than a half-billion dollars. So let's talk about hedge funds. Or is that hedge hog? Seems like when everything's going south on any given trading day, hedge funds are partly to blame. Selling off stocks and all to meet those margin calls before the closing bell.br /br /But, "Steve" you ask. "What are hedge funds?" Time to whip out the Marketplace Decoder. Here's Marketplace's Mitchell Hartman.br /br /Mitchell Hartman: First, the textbook answer. A hedge fund is a private partnership that pools money from wealthy individuals, pension funds, corporations, and the like, and invests it to make a profit. Because the fund is private, it doesn't have to report how much it earns, or what it's holding, to financial regulators. a rel="nofollow" target="_blank" href="http://marketplace.publicradio.org/display/web/2008/12/03/decoder_hedge_funds/"source/abr //blockquoteh4Related to Questions About Hedge Funds | A Short Audio Clip/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Questions About Hedge Funds, Questions on Hedge Funds, Hedge Funds FAQ, Question on Hedge Funds, Question about Hedge Fund Managers, Hedge Fund Questions and Answersdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=M3bDo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=M3bDo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=E2UkO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=E2UkO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=oyLWo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=oyLWo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/474237360" height="1" width="1"/

Hedge Fund Formation | Tips on Forming a Hedge Fund

Richard C. Wilson — Tue, 02 Dec 2008 17:16:36 +0000

h1 style="text-align: center;"bHedge Fund Formation/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Forming a Hedge Fund | Tips/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.ukgbpf.co.uk/images/close_the_deal1.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 173px; height: 221px;" src="http://www.ukgbpf.co.uk/images/close_the_deal1.jpg" alt="" border="0" //aI just came across a brief guide from HedgeWorld on hedge fund formation. This article caught my attention because within the short guide it lists out the documents that a hedge fund manager may need to create:br /ulliConfidential Offering Memorandum/liliLimited Partnership Agreement/liliOffering Memorandum Instructions/liliSubscription Agreements/liliLimited Partner's Suitability Letters/liliLimited Partner's Signature Pages/liliLegal and Regulatory Handbook/liliAccounting and Tax Handbook/liliSEC Regulation D Code (US related)/liliInstructions and Ongoing Responsibilities/liliAccounting Spreadsheets and Templates/liliFile SEC, CFTC, NFA and State Forms (US related)/liliQuarter and Year End Duties/liliFund Account Ledger/liliGeneral Fund Ledger/liliGeneral Partner Corporate Books and Recordsbr //li/ula rel="nofollow" target="_blank" href="http://www.hedgeworld.com/education/index.cgi?page=starting_HF"source/abr /br /To read additional articles within our a description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a area please click a description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"here/a.br /h4Related to Hedge Fund Formation | Tips on Forming a Hedge Fundbr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund Formation, Forming a Hedge Fund, Form a Fund, Form a Hedge Fund, Hedge Fund Formation Legal Fees, Form an offshore hedge fund, forming a US hedge fund, form or start a funddiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=BojKo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=BojKo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=eqdYO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=eqdYO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=DJNmo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=DJNmo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/472681769" height="1" width="1"/

Bank Nationalization Day

Richard C. Wilson — Tue, 02 Dec 2008 17:04:45 +0000

h1 style="text-align: center;"bBank Nationalization/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Bank Nationalization Day/span/b/h2a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s1600-h/RBS-DundasHouse.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 200px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_l74vGpJI/AAAAAAAAAf4/J6EgOxMC024/s320/RBS-DundasHouse.jpg" alt="" id="BLOGGER_PHOTO_ID_5273686505679135890" border="0" //a Old HQ pictured. Following failure of shareholders to buy more than 0.24% (only £36m for 56m shares) of the Royal Bank of Scotland Group's £20bn share issue, RBS (1) (including Citizens Bank, USA, and NatWest Bank, England) today became the third to be formally nationalised (nearly 58%). The small take-up of the issue by existing shareholders had been expected as the offer price of 65.5p was 10p higher than the price at which the shares were trading, so those who did buy on paper lost £5m doing so. The share issue by RBS was part of the government's plan to recapitalise banks. The government will pay £15bn for the majority stake in the bank plus £5bn of preference shares in the bank. Taxpayers too have an immediate paper loss of £2.4bn based on Thursday's closing share price. The bank's Chief Executive Stephen Hester said, "emWe regret that existing shareholders did not take up their pre-emptive rights but understand that market sentiment toward the banking sector made this uneconomic in the short term/em." That is the least of it. What is remarkable is that there is not more confidence in a regulated, government backed, major public company whose accounts are as transparent as the best standards demand, and whose market price is far below 'book value'? What has happened to investing in fundamentals for slightly longer than the immediate short term? Hester says,"emThere remain substantial uncertainties and challenges outside our control but for our part the job is underway/em." There are always uncertainties, but they should not any longer be called 'substantial' when a bank is covered with guarantees and writedowns and paperf losses are far ahead of any actual losses yet experienced in the underlying assets. The bank now needs its major shareholder's approval for executive pay and dividend, and has to agree to return to "normal" lending levels and more sensitive customer relations practices. Last week it said it is guaranteeing overdraft rates amp; contracts for business customers for a year at least. The UK government's shares of banks are held by a company called emUK Financial Investments Ltd/em, which is to emmaximise value for taxpayers and prevent politicians making business decisions about banks/em something that the Opposition Conservatives are keen to monitor to ensure this is true. a href="http://1.bp.blogspot.com/_tvshDVnXSLc/SS_mKgH5_KI/AAAAAAAAAgA/cYbDGrWqcj0/s1600-h/gogarburnHQ.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 262px; height: 175px;" src="http://1.bp.blogspot.com/_tvshDVnXSLc/SS_mKgH5_KI/AAAAAAAAAgA/cYbDGrWqcj0/s320/gogarburnHQ.jpg" alt="" id="BLOGGER_PHOTO_ID_5273686756770315426" border="0" //aThe new RBS HQ (pictured) opened just as RBS-led consortium's deal to buy ABN-AMRO 'successully' closed, a deal paying 71bn euros ($91bn; £61bn) for the Dutch bank, that was the last great deal for a sold bank's shareholders, which lost RBS its creditworthiness, and also contributed to Fortis Bank's collapse after it agreed to buy ABN-AMRO's Benelux banks, while the third partner, Banco Santander, which got ABN-AMRO's Brazilian bank remained strongly priced (thanks to severe risk contols by Spain's Central Bank) and next bought Alliance amp; Leicester (Aamp;L) cheap, albeit that Santander now too has to make a rights issue and has cold-shouldered its many UK shareholders in an over-hasty process. Mortgage exposure proved to be the made risk to share value for UK banks as panic spread from the USA, however, even though the UK market has been a full 2 years or more behind the USA in mortgage defaults (currently 2% in UK and over 9% in USA), confidence fell mainly because of Northern Rock's bank run - a special calamity for all UK banks.a href="http://4.bp.blogspot.com/_tvshDVnXSLc/SS_n07B_NoI/AAAAAAAAAgI/qUYll2b0Lg8/s1600-h/UK_Mortgage_banks_jan08_image004.gif"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 190px;" src="http://4.bp.blogspot.com/_tvshDVnXSLc/SS_n07B_NoI/AAAAAAAAAgI/qUYll2b0Lg8/s320/UK_Mortgage_banks_jan08_image004.gif" alt="" id="BLOGGER_PHOTO_ID_5273688585059382914" border="0" //a Previously nationalised UK banks are Northern Rock and Bradford amp; Bingley. I took my secretary to the House of Commons Treasury Committee: Nationalised Banks meeting on the 18th to find out how Government is managing its banks? Others to follow into Nationalisation soon include Halifax Bank of Scotland and Lloyds TSB, or possibly the combined Lloyds Bank Group, even though HboS Directors warn that Nationalisation is a ‘risk’ strenuously to be avoided (even if it means selling HBoS for a fraction of its book value by voting for the takeover by Lloyds TSB). The new combined Lloyds Bank Group could still be 43% Government-owned. To avoid this 'calamity', which would, of course, restrict the bankers’ bonus pay, though their first anxiety is to restore dividend payments to the much-abused shareholders. Hence, why Lloyds is in talks with sovereign wealth funds and UK insurance groups about selling stakes in a merged Lloyds-HBoS group, with a preliminary deal expected by January (subject to HboS shareholders voting for the takeover on 12 December). Lloyds want cash to redeem £4 bn of the ‘restrictive’ government-owned preference shares in Lloyds and HBOS at the earliest opportunity (as soon as HboS shares are delisted). But, what is there to fear about a commanding Government stake when this would guarantee the solvency of the bank and when major global banks such as Citigroup are finding that Government ownership is highly profitable? Reading from my secretary’s typed notes, from HoC Treasury Committee questioning of NR and Bamp;B banks, what do I find?br /br /1. HM Government (HM Treasury) are in daily contact by telephone with NR and Bamp;B, but do not steer the banks' commercial decisions.br /2. They face a potential conundrum, which is that while they have ‘frameworks’ in place whereby they must reduce the size of their balance sheets so as to be in better shape return to private ownership as soon as practical, Government also wants banks to maintain their lending levels, except this latter requirement is not being overtly applied to NR and Bamp;B. a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_pRWQkCLI/AAAAAAAAAgY/mCmDzT9BEpk/s1600-h/bradford-bingley-9-7-08.gif"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 227px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_pRWQkCLI/AAAAAAAAAgY/mCmDzT9BEpk/s320/bradford-bingley-9-7-08.gif" alt="" id="BLOGGER_PHOTO_ID_5273690172916238514" border="0" //a3. Bamp;B has a £40bn mortgage loanbook of which £24bn is buy-to-let (B2L) mortgages (20% of UK total) and £8bn is self-certified mortgages (mainly for the self-employed). Government provides a £14bn guarantee. Bamp;B’s current defaults are 1.8% but 3% among B2L. Moody’s stress tested the loanbook and estimate through-the-cycle loss will be 3% in total or £1.3bn against £1.7bn capital reserve (76% capital wipeout). The Execs did not repeat anything about weakness in the bank’s accounting system that had been originally blamed for failure because the board simply did not know how bad its position was?br /br /4. The HoC Treasury Cmte was anxious to know if bonus culture (where execs get many times the % ratio to salary in bonus compared to all staff) was the cause of excessive book-building such as contracting to buy £6.5bn of buy-to-let mortgages from GMAC (owned by General Motors)? Bamp;B execs explained half of these were UK mortgages and seemed to fit with the bank’s speciality. 90% of all its book came to it via intermediaries anyway (and 2.5% fees were added into the mortgage loans while the GMAC arrears are just over 3% and the long term contract proved embarrassingly inflexible as credit conditions changed).a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_o_hUj8AI/AAAAAAAAAgQ/yYrsYKMe2C4/s1600-h/NRock.jpg"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 320px; height: 236px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_o_hUj8AI/AAAAAAAAAgQ/yYrsYKMe2C4/s320/NRock.jpg" alt="" id="BLOGGER_PHOTO_ID_5273689866648154114" border="0" //a 5. NR was quizzed about bonuses too at 5 times ratio to salary as all staff (which by the way are subject to Government Approval), and about why its mortgage foreclosures seemed so much larger than the industry average. The execs countered that bonuses are linked to progress in redeeming the Government’s equity, while foreclosures only produce 1% of that revenue and its 4,200 stock of homes for sale were gathered over 18 months, not 1 year, hence it is not so draconian as the media speculated. (NR’s deposits business was sold to Abbey- Santander)br /br /6. NR has a ‘Together’ mortgage book for high loan to value borrowers (typically 115% of home purchase price, higher now that house prices have fallen) but these only show a 3.1% default against a general arrears of 1.87% when the industry is 1.33%. Only 10% of arrears result in repossessions and one third of these are voluntary.br /br /7. NR is designing MORTGAGE RESCUE PRODUCTS that will build on payment holidays and interest deductions 9currently negotiated case by case depending on individual circumstances). At the same time NR is writing little new business (and not trying to out-compete the market on price) and encouraging borrowers to re-mortgage elsewhere, except elsewhere doesn’t want to do so for any loan-to-value ratio of more than 80% (at present depressed and falling house prices), hence Government will probably continue to own the bank for about 3 years more.br /br /8. The Committee asked about the cost of Government support. Bamp;B said it was at full commercial rates (measured across a number of funding and guarantee types). NR said it was charged to them at above commercial market rates, something that may be currently reviewes. This is important to the European Commission's enquiry to ensure that Government support does not distort competition unfairly - report not expected until the Spring of next year.br /br /9. A risk consultants report into NR found that risk management was not independent of business operations, risk culture not imbedded, and need for induction training; all matters being fixed by a new Risk Head’s new structure, and new risk policies manual. The Treasury Cmte Chairman ended the meeting with reference to NR’s “shambolic organisation” and he was not being humorous about that. a href="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_q9sAPWVI/AAAAAAAAAgg/j38SiPCrRQs/s1600-h/HOC+Treasury+Cmte"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 317px; height: 239px;" src="http://3.bp.blogspot.com/_tvshDVnXSLc/SS_q9sAPWVI/AAAAAAAAAgg/j38SiPCrRQs/s320/HOC+Treasury+Cmte" alt="" id="BLOGGER_PHOTO_ID_5273692034179225938" border="0" //a(1) Note: The Royal Bank of Scotland was founded with Government support in 1728 to create a rival to the Bank of Scotland that was suspected of being Jacobite (anti-Hanoverian, supporter of the Stuarts). In 1728, the Royal Bank of Scotland became the first bank in the world to offer an overdraft facility when merchant William Hogg was allowed to take out £1000 unsecured (£65,000 today) more than he had in his account! a href="http://2.bp.blogspot.com/_tvshDVnXSLc/SS_lekR-wVI/AAAAAAAAAfw/CwCnzsmRmwM/s1600-h/I+shall+withdraw+my+overdraft.png"img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer; width: 233px; height: 320px;" src="http://2.bp.blogspot.com/_tvshDVnXSLc/SS_lekR-wVI/AAAAAAAAAfw/CwCnzsmRmwM/s320/I+shall+withdraw+my+overdraft.png" alt="" id="BLOGGER_PHOTO_ID_5273686001972068690" border="0" //a "emI warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I — I withdraw my overdraft!"/embr /br /The Committee members were all knowledgeable and asking intelligent questions intelligently, just as banking professionals might do if they have that much common sense about banking. I conclude that oversight by Government seems neither draconian (unless bankers are most anxious about their bonus levels) nor is it a shadow management, but more like an anxious major shareholder that is keen to sell out when the balance sheet is made safe and prospects are stable or positively improving. Why should Lloyds, HboS or Barclays (facing shareholder anger over the bank’s choice of expensive sovereign fund investors instead of Government backing) believe ‘nationalization’, which NR and Bamp;B execs always describe as ‘temporary’, is such a bad risk to be avoided even at substantially higher cost? Are the objections ideological, or driven by shareholders anxious to restart cash dividends, or by bankers afraid for their bonuses, or are they afraid of Government making them behave more sensitively and empathetically to customers? Or maybe the banks worry too that they might be restrained from making major foreign investments such as buying foreign banks or such as RBS’s recent participation in a gigantic $35bn loan to support Ontario Teachers Pension fund buyout of Telcom Company BCI for 52bn, that looks like failing to proceed at the last minute?!br /br /Contributed by a rel="nofollow" target="_blank" href="http://bankingeconomics.blogspot.com/"Robert Mcdowell/abr /h4Related to Bank Nationalization Daybr //h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide/a/lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Bank Nationalization, Bank Nationalisation, Nationalization of Banks, What banks were take over by the government, government owned banks, bank owned by the governmentdiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=y7bBo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=y7bBo" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=i32MO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=i32MO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=aGdio"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=aGdio" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/472665587" height="1" width="1"/

Highbridge Capital Management Profile Update

Richard C. Wilson — Tue, 02 Dec 2008 16:56:55 +0000

h1 style="text-align: center;"bHighbridge Capitalbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"HighBridge Capital Management Notes/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.bloomberg.com/apps/data?pid=avimageamp;iid=i3Lj_zBK90DE"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 189px; height: 139px;" src="http://www.bloomberg.com/apps/data?pid=avimageamp;iid=i3Lj_zBK90DE" alt="" border="0" //aJust a quick note to let you know that Highbridge Capital Management's Hedge Fund Tracker Tool has been updated.br /br /View this updated manager profile here: a alt="Highbridge Capital Management LLC" title="Highbridge Capital Management LLC" description="Highbridge Capital Corp Hedge Fund Group in New York City, NY" href="http://richard-wilson.blogspot.com/2008/09/highbridge-capital-management-llc-corp.html"Highbridge Capital Management LLC/abr /br /h4Related to Highbridge Capital Management Profile Update/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulbr /Tags: Highbridge Capital, High Bridge Capital, highbridge capital management, High Bridge Capital Management, highbridge capital hedge fund, high bridge hedge fund, hedge funds by Highbridgediv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=Av3Ko"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=Av3Ko" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=nRYYO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=nRYYO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=MObuo"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=MObuo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/472651746" height="1" width="1"/

Richard S. Fuld Jr. Lehman Brother Collapse | Victim or Culprit?

Richard C. Wilson — Mon, 01 Dec 2008 12:12:19 +0000

h1 style="text-align: center;"bRichard Fuldbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Lehman Brother CEO Richard S. Fuld Jr./span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://graphics8.nytimes.com/images/2008/06/17/timestopics/fuld-190.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 144px; height: 182px;" src="http://graphics8.nytimes.com/images/2008/06/17/timestopics/fuld-190.jpg" alt="" border="0" //aNew York Magazine recently wrote up a very lengthy article on Richard Fuld, the CEO of Lehman Brothers who is blamed for driving the firm into the ground earlier this year. Here is a short excerpt from the article:br /blockquoteOn June 11, Richard S. Fuld Jr., CEO of Lehman Brothers, sat down to lunch with a half-dozen of Lehman’s senior investment bankers. Since the fall of Bear Stearns in March, Fuld had been struggling to keep “the mother ship,” as Fuld liked to call his firm, from taking on water, but with little success. The stock was sinking quickly. In just a few months, Lehman had given back ten years of gains. Two days before the meeting, Lehman announced a second-quarter loss of $2.8 billion, its first negative quarter in fourteen years, causing the stock to plummet again, 21 percent in a couple of days. Fuld’s own people, their net worth evaporating, were losing confidence. Hugh Skip McGee, the global head of investment banking and for years a loyal Lehman employee, had requested the meeting. They gathered in Fuld’s private dining room on the 32nd floor of Lehman’s Seventh Avenue headquarters, a somber mahogany-paneled room, with a list of several demands, chief among them a change in leadership.“The board of directors is going to be under pressure,” said one banker. And then added, “It has to deliver a head to the street.”br /br /At about five-eight, Fuld isn’t physically imposing. But he has intensely dark eyes and a deep, wide forehead that slopes so sharply it reminds some of a can opener. Those features, and a palpable inner intensity, give him an almost animalistic presence. “Through these little physical cues, he made it seem like [a situation] will lead to physical violence if you didn’t relent,” says one former executive.br /br /“I’ve given you fourteen years of earnings. I have one bad quarter. This is how you respond?” Fuld shot back. The veins on his neck popped.br /br /But the bankers pressed their case. Actually, they wanted two heads. They would spare Fuld the indignity of a coup, but they wanted him to fire Joe Gregory, Lehman’s president, and Erin Callan, Gregory’s protégée, whom he’d made CFO and who had been the public, sunny face of Lehman as it spiraled down. Firing Gregory would be personally devastating to Fuld, as the bankers knew. Over three decades at Lehman, the two had rarely sat more than a hundred feet from each other. Professionally, they were complements: Mr. Inside and Mr. Outside. a rel="nofollow" target="_blank" href="http://nymag.com/news/business/52603/"Read more.../a/blockquoteh4Related toRichard S. Fuld Jr. Lehman Brother Collapse | Victim or Culprit?/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/li/ulTags: Richard Fuld, Dick Fuld, Richard S. Fuld, Richard S. Fuld Junior, Richard Fuld Jr., Richard S Fuld Jr., Lehman Brother, Lehman Brothers, Richard Fuld Lehman Brothers, Richard S. Fuld Jr. Lehmandiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=ceqno"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=ceqno" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=H4DtO"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=H4DtO" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=49gno"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=49gno" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/471247963" height="1" width="1"/

The Spectacular Rise And Fall Of Hedge Funds

Adrian Ash — Wed, 26 Nov 2008 13:45:39 +0000

p align="left"How the might have fallen. Once dominant hedge funds have been in a spectacular freefall since their complex world of finance imploded this year. strongAdrian Ash/strong charts the rise and fall of these giants in Whiskey #38; Gunpowder:/p blockquote p align="left"Alpha used to be what hedge-fund managers promised their clients./p p align="left"Better still, portable alpha — defined in the easy bed-time reading of finance MBAs as the em“generation of excess return over a benchmark while maintaining the desired asset allocation to traditional market exposures”/em — offered to meet and beat whatever returns everyone else was making, thus proving the manager’s genius and justifying his infamous fees./p p align="left"~~~~~~~~~~~~~Special~~~~~~~~~~~~~/p p align="left"strongGet Gold Cheap… Before It Takes Off Again/strong/p p align="left"Gold is giving you another chance to get in for the inevitable ride up at#8230;/p/blockquote

Top Stock Market Book Gifts

Fred Fuld — Wed, 26 Nov 2008 05:50:00 +0000

It's time to start doing your gift shopping. Here are some great investment, finance, and stock market books to give your friends and relatives. These are in no particular order other than the approximate order that I wrote about them, within the categories. You can click on the title of each book to get more info about them. And if you aren't sure what books are right for gifts, how about an a href="http://www.amazon.com/dp/B00067L6TQ/ref=nosim/?%5Fencoding=UTF8tag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Amazon Gift Certificate/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /.br /br / center span style="font-weight:bold;"Fiction/span /centerbr /br /a href="http://www.amazon.com/gp/product/0804119120?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0804119120"A Conspiracy of Paper/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0804119120" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by David Lissbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FDay-Trader-Stephen-Frey%2Fdp%2F034544325X%2Ftag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Day Trader/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Stephen Freybr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FSet-Up-Paul-Erdman%2Fdp%2F0312968051%3Fie%3DUTF8%26s%3Dbooks%26qid%3D1194850092%26sr%3D1-1tag=antiquestocka-20linkCode=ur2camp=1789creative=9325" The Set-Up/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Paul Erdmanbr /br /a href="http://www.amazon.com/gp/product/B000GRQ8V2?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=B000GRQ8V2"Something Wild/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=B000GRQ8V2" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Linda Daviesbr /br /a href="http://www.amazon.com/gp/product/0440221900?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0440221900"Nest of Vipers/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0440221900" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Linda Daviesbr /br /a href="http://www.amazon.com/gp/product/0440222958?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0440222958"Wilderness of Mirrors /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0440222958" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Linda Daviesbr /br /a href="http://www.amazon.com/gp/product/076791936X?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=076791936X"The Life and Times of the Thunderbolt Kid: A Memoir/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=076791936X" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /, by Bill Brysonbr /br /a href="http://www.amazon.com/gp/product/0345480619?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0345480619"The Power Broker: A Novel/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0345480619" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Stephen Freybr /br /a href="http://www.amazon.com/gp/product/0345480597?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0345480597"The Protégé: A Novel (The Protege)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0345480597" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Stephen Freybr /br /br / center span style="font-weight:bold;"br / Non-Fiction Business and Investing/span /centerbr /br /a href="http://www.amazon.com/gp/product/0471655848?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471655848"Trade Like Warren Buffett/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471655848" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by James Altucherbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FTrade-Like-Hedge-Fund-Uncorrelated%2Fdp%2F0471484857%2Fsr%3D1-1%2Fqid%3D1165049133%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies Techniques to Winning Profits /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by James Altucherbr /br /a href="http://www.amazon.com/gp/product/047007499X?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=047007499X"The Only Three Questions That Count: Investing by Knowing What Others Don't/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=047007499X" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / By Ken Fisherbr /br /a href="http://www.amazon.com/gp/product/0743224892?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0743224892"Jim Cramer's Real Money: Sane Investing in an Insane World/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0743224892" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Jim Cramerbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FJim-Cramers-Mad-Money-Watch%2Fdp%2F1416537902%2Fsr%3D8-1%2Fqid%3D1165046159%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Jim Cramer's Mad Money: Watch TV, Get Rich /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by James J. Cramer, Cliff Mason br /br /a href="http://www.amazon.com/gp/product/0743224876?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0743224876" Confessions of a Street Addict/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0743224876" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by James J. 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Buffett, Lawrence A. Cunninghambr /br /a href="http://www.amazon.com/gp/product/0471733067?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471733067"The Little Book That Beats the Market/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471733067" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Joel Greenblattbr /br /a href="http://www.amazon.com/gp/product/0452284732?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0452284732"The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0452284732" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Jason Kellybr /br /a href="http://www.amazon.com/gp/product/1591136881?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1591136881"The Second Great Depression/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1591136881" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Warren Brusseebr /br /a href="http://www.amazon.com/gp/product/047007499X?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=047007499X"The Only Three Questions That Count: Investing by Knowing What Others Don't/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=047007499X" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Ken Fisherbr /br /a href="http://www.amazon.com/gp/product/0470046619?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0470046619"Get Rich With Options: Four Winning Strategies Straight from the Exchange Floor (Agora Series)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0470046619" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/1591396190?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1591396190"Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1591396190" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0966446119?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0966446119"The Essays of Warren Buffett : Lessons for Corporate America/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0966446119" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471733067?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471733067"The Little Book That Beats the Market/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471733067" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0375758259?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0375758259"When Genius Failed: The Rise and Fall of Long-Term Capital Management/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0375758259" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0060555661?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0060555661"The Intelligent Investor Rev Ed. (Collins Business Essentials)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0060555661" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0452284732?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0452284732"The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0452284732" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471655848?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471655848"Trade Like Warren Buffett /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471655848" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0071357696?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0071357696"How to Pick Stocks Like Warren Buffett: Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0071357696" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0684871718?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0684871718"The Buffettology Workbook: Value Investing The Warren Buffett Way/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0684871718" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471397741?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471397741"J. K. Lasser's Pick Stocks Like Warren Buffett/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471397741" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471247669?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471247669"The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471247669" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0470102101?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0470102101"The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0470102101" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0140143459?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0140143459"Liar's Poker: Rising Through the Wreckage on Wall Street/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0140143459" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471733067?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471733067"The Little Book That Beats the Market/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471733067" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0452284732?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0452284732"The Neatest Little Guide to Stock Market Investing (Revised Edition) (Neatest Little Guide to Stock Market Investing)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0452284732" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471770884?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471770884"Reminiscences of a Stock Operator (Wiley Investment Classics)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471770884" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0071373616?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0071373616"How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0071373616" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0307339718?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0307339718"Grande Expectations: A Year in the Life of Starbucks' Stock/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0307339718" width="1" height="1" border="0" alt="" style="border:none !important; 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Fisherbr /br /a href="http://www.amazon.com/gp/product/0061234001?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0061234001"Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0061234001" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0307339262?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0307339262"Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0307339262" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/1416537902?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1416537902"Jim Cramer's Mad Money: Watch TV, Get Rich/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1416537902" width="1" height="1" border="0" alt="" style="border:none !important; 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margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0061234001?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0061234001"Freakonomics [Revised and Expanded]: A Rogue Economist Explores the Hidden Side of Everything/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0061234001" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0307339262?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0307339262"Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0307339262" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/1416537902?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1416537902"Jim Cramer's Mad Money: Watch TV, Get Rich/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1416537902" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0131499084?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0131499084"Options, Futures and Other Derivatives (6th Edition)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0131499084" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471745995?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471745995"SuperCash: The New Hedge Fund Capitalism (Wiley Trading)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471745995" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0452284732?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0452284732"The Neatest Little Guide to Stock Market Investing (Revised Edition)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0452284732" width="1" height="1" border="0" alt="" style="border:none !important; 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Ellisbr /br /a href="http://www.amazon.com/gp/product/1885167660?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1885167660"Little Black Book of Connections: 6.5 Assets for Networking Your Way to Rich Relationships/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1885167660" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Jeffrey Gitomerbr /br /a href="http://www.amazon.com/gp/product/0385518927?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0385518927"The Power of Nice: How to Conquer the Business World With Kindness/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0385518927" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Linda Kaplan Thalerbr /br /a href="http://www.amazon.com/gp/product/1591396174?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=1591396174"Your Leadership Legacy: Why Looking Toward the Future Will Make You a Better Leader Today/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=1591396174" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Robert M. 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Levitt br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FEssays-Warren-Buffett-Lessons-Corporate%2Fdp%2F0966446119%2Fsr%3D1-1%2Fqid%3D1165046772%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Essays of Warren Buffett : Lessons for Corporate America/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / br /by Warren E. Buffett, Lawrence A. Cunningham (Editor)br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FHow-Win-Friends-Influence-People%2Fdp%2F0671027034%2Fsr%3D1-3%2Fqid%3D1165046979%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"How to Win Friends Influence People/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / br /by Dale Carnegie br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FTrade-Your-Way-Financial-Freedom%2Fdp%2F007147871X%2Fsr%3D1-1%2Fqid%3D1165047162%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Trade Your Way to Financial Freedom /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Van K. Tharp br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FLittle-Book-That-Beats-Market%2Fdp%2F0471733067%2Fsr%3D1-1%2Fqid%3D1165047315%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Little Book That Beats the Market /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Joel Greenblatt br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FIntelligent-Investor-Collins-Business-Essentials%2Fdp%2F0060555661%2Fsr%3D1-2%2Fqid%3D1165047423%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Intelligent Investor Rev Ed. (Collins Business Essentials)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Benjamin Graham, Jason Zweig br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FBlue-Ocean-Strategy-Uncontested-Competition%2Fdp%2F1591396190%2Fsr%3D1-1%2Fqid%3D1165047514%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Blue Ocean Strategy: How to Create Uncontested Market Space and Make Competition Irrelevant /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by W. Chan Kim, Renée Mauborgne br /br /br / centerspan style="font-weight:bold;"Hedge Funds/span/centerbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FSuperCash-Hedge-Capitalism-Wiley-Trading%2Fdp%2F0471745995%2Fsr%3D11-1%2Fqid%3D1165049945tag=antiquestocka-20linkCode=ur2camp=1789creative=9325"SuperCash: The New Hedge Fund Capitalism /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by James Altucher br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FAll-About-Hedge-Funds-Started%2Fdp%2F0071393935%2Fsr%3D1-1%2Fqid%3D1165049013%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"All About Hedge Funds : The Easy Way to Get Started/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Robert A. Jaeger br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FInvestment-Strategies-Hedge-Funds-Finance%2Fdp%2F0470026278%2Fsr%3D1-1%2Fqid%3D1165049292%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Investment Strategies of Hedge Funds /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Filippo Stefanini br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FCreate-Manage-Hedge-Fund-Professionals%2Fdp%2F047122488X%2Fsr%3D1-1%2Fqid%3D1165049369%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"How to Create and Manage a Hedge Fund: A Professional's Guide/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Stuart A. McCrarybr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FFunds-Hedge-Performance-Diversification-Quantitative%2Fdp%2F0750679840%2Fsr%3D11-1%2Fqid%3D1165049432tag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Funds of Hedge Funds: Performance, Assessment, Diversification, and Statistical Properties/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Greg N. Gregorioubr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FVault-Career-Guide-Hedge-Library%2Fdp%2F1581313020%2Fsr%3D1-1%2Fqid%3D1165049624%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Vault Career Guide to Hedge Funds /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /by Aditi A. Davare and Holly Goodrichbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FManaging-Hedge-Fund-Keith-Black%2Fdp%2F007143481X%2Fsr%3D1-1%2Fqid%3D1165049696%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Managing a Hedge Fund /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /by Keith Blackbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FHedge-Fund-Funds-Investing-Investors%2Fdp%2F1576601242%2Fsr%3D1-3%2Fqid%3D1165049874%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Hedge Fund of Funds Investing: An Investor's Guide/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Joseph G. Nicholasbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FHedge-Fund-Masters-Overcome-Performance%2Fdp%2F0471724165%2Fsr%3D1-1%2Fqid%3D1165050066%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / by Ari Kievbr /br /br / centerspan style="font-weight:bold;"Real Estate/span/centerbr /br /a href="http://www.amazon.com/gp/product/0307345629?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0307345629"The Wall Street Journal. Complete Real-Estate Investing Guidebook/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0307345629" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by David Crookbr /br /a href="http://www.amazon.com/gp/product/0446691844?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0446691844"Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors)/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0446691844" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Ken McElroybr /br /a href="http://www.amazon.com/gp/product/0446694118?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0446694118"Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0446694118" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Sharon L. Lechter, Garrett Suttonbr /br /a href="http://www.amazon.com/gp/product/0452286697?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0452286697"Find It, Fix It, Flip It!: Make Millions in Real Estate--One House at a Time/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0452286697" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Michael Corbettbr /br /a href="http://www.amazon.com/gp/product/0471692794?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471692794"The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471692794" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Thomas Lucierbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FPre-Foreclosure-Property-Investors-Kit-Distressed%2Fdp%2F0471692794%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Thomas Lucierbr /br /a href="http://www.amazon.com/gp/product/0071470727?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0071470727"The Reverse Mortgage Advantage: The Tax-Free, House Rich Way to Retire Wealthy!/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0071470727" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Warren Borosonbr /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FRich-Dad-Poor-Money-That-Middle%2Fdp%2F0446677450%2Fsr%3D1-1%2Fqid%3D1165046574%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" / br /by Robert T. Kiyosaki, Sharon L. Lechter br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FPre-Foreclosure-Property-Investors-Kit-Distressed%2Fdp%2F0471692794%2Fsr%3D1-1%2Fqid%3D1165047953%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction /aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Thomas Lucier br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FPre-Foreclosure-Real-Estate-Handbook-Pre-Foreclosed%2Fdp%2F0910627665%2Fsr%3D1-2%2Fqid%3D1165048257%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Pre-Foreclosure Real Estate Handbook: Insider Secrets to Locating and Purchasing Pre-Foreclosed Properties in Any Market/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Frankie Orlando br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FComplete-Guide-Investing-Foreclosures%2Fdp%2F0814472885%2Fsr%3D1-3%2Fqid%3D1165048373%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"The Complete Guide to Investing in Foreclosures/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Steve Berges br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FBuying-Estate-Foreclosures-Melissa-Kollen-Rice%2Fdp%2F0071412387%2Fsr%3D1-4%2Fqid%3D1165048473%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"Buying Real Estate Foreclosures/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Melissa S. Kollen-Rice br /br /a href="http://www.amazon.com/gp/redirect.html?ie=UTF8location=http%3A%2F%2Fwww.amazon.com%2FHow-Buy-Foreclosed-Real-Estate%2Fdp%2F1580622585%2Fsr%3D1-5%2Fqid%3D1165048549%3Fie%3DUTF8%26s%3Dbookstag=antiquestocka-20linkCode=ur2camp=1789creative=9325"How To Buy Foreclosed Real Estate/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20amp;l=ur2amp;o=1" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /by Theodore J. Dallowbr /br /a href="http://www.amazon.com/gp/product/0446677450?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0446677450"Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0446677450" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471692794?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471692794"The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471692794" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /a href="http://www.amazon.com/gp/product/0471692794?ie=UTF8tag=antiquestocka-20linkCode=as2camp=1789creative=9325creativeASIN=0471692794"The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction/aimg src="http://www.assoc-amazon.com/e/ir?t=antiquestocka-20l=as2o=1a=0471692794" width="1" height="1" border="0" alt="" style="border:none !important; margin:0px !important;" /br /br /br /By Fred Fuld at a href="http://Stockerblog.com"Stockerblog.com/adiv class="blogger-post-footer"div class='adsense' style='text-align:center; padding: 0px 3px 0.5em 3px;' script type="text/javascript"!-- google_ad_client="ca-pub-2427831169011625"; google_ad_width=300; google_ad_height=250; google_ad_format="300x250_as"; google_ad_type="text"; google_ad_channel ="8681602088"; google_color_border="FFF3DB"; google_color_bg="FFF3DB"; google_color_link="1B0431"; google_color_url="1B0431"; google_color_text="29303B"; //--/script script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js" /script /div

GLG Partners Hedge Fund Update

Richard C. Wilson — Tue, 25 Nov 2008 15:50:37 +0000

h1 style="text-align: center;"bGLG Partners Fund/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"GLG Partners Hedge Fund Update/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.terrapinn.com/TRes/Customer/P30314.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 100px; height: 150px;" src="http://www.terrapinn.com/TRes/Customer/P30314.jpg" alt="" border="0" //aJust a quick note to let you know that our team has updated the Hedge Fund Tracker notes for GLG Partners.br /br /To read the updated profiles see this link: a alt="Hedge Fund Blogger.com: GLG Partners Hedge Fund Tracker Profile Notes" href="http://richard-wilson.blogspot.com/2008/11/glg-partners-hedge-fund-tracker-profile.html" title="GLG Partners Hedge Fund Tracker Profile Notes"GLG Partners Hedge Fund Tracker Profile Notes/abr /br /br /br /br /br /h4Related to GLG Partners Hedge Fund Update/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/li/ulTags: GLG Partners, Hedge Fund Notes, GLG Funds, GLG Fund, GLG Partners New York, GLG Partners Assets, GLG Partners AUM, GLG Hedge Fund manager, GLG Europe, GLG Australiadiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=LI6An"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=LI6An" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=EnzQN"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=EnzQN" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=yV4Jn"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=yV4Jn" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/465157123" height="1" width="1"/

Japanese Hedge Fund Managers | Hedging Skills

Richard C. Wilson — Sat, 22 Nov 2008 22:49:07 +0000

h1 style="text-align: center;"bJapanese Hedge Fundsbr //b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Japanese Hedge Fund Managers| Notes/span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.uva.co.uk/wp/wp-content/projects/onTheRoad/tokyo/tokyo01.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 195px; height: 130px;" src="http://www.uva.co.uk/wp/wp-content/projects/onTheRoad/tokyo/tokyo01.jpg" alt="" border="0" //aIt would seem that choppy markets in a title="Japanese Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/japenese-hedge-funds.html" description="Guide to hedge funds in Japan" alt="Japanese Hedge Funds, Hedge Funds in Japan, Hedge Fund in Japan"Japan/a over the past several years is now helping hedge funds in this region navigate the current financial crisis. Most of the funds I know which run funds focusing on Japanese securities also run diversified Asia or China funds which have done very poorly, I would be curious to see if those managers who run both Japan-specific funds as well as China funds faired better than the average fund in China. Here is the article excerpt:br /a title="Japanese Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/japenese-hedge-funds.html" description="Guide to hedge funds in Japan" alt="Japanese Hedge Funds, Hedge Funds in Japan, Hedge Fund in Japan"/ablockquotea title="Japanese Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/japenese-hedge-funds.html" description="Guide to hedge funds in Japan" alt="Japanese Hedge Funds, Hedge Funds in Japan, Hedge Fund in Japan"Japan's hedge fund industry/a, dominated by so-called long-short funds that bet on rising and falling stock prices, will attract capital on signs they are starting to outperform peers, Credit Suisse Group AG said.br /br /The 81-fund Eurekahedge Japan Long-Short Equities Index fell 11 percent this year through October, compared with a 21 percent drop for an index that tracks more than 1,000 global long-short hedge funds and a 40 percent slide by the MSCI World Index, a global benchmark.br /br /``Japanese long-short strategies have weathered reasonably well the market turmoil,'' Boris Arabadjiev, head of alpha strategies at Zurich-based Credit Suisse's asset management unit, said in an interview in Tokyo yesterday. ``That relative performance has already started to attract capital, and we believe that it will continue to attract capital. We continue to be favorably disposed to managers investing in Japan.''br /br /This year has been the worst on record for hedge funds, an estimated $1.56 trillion industry, with the average fund losing 16 percent through October, according to data compiled by Chicago-based Hedge Fund Research Inc. The industry saw net withdrawals of $62.7 billion in October, according to Eurekahedge Pte., a Singapore-based industry data provider. a rel="nofollow" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601101amp;sid=aNnDhUhJucdoamp;refer=japan"Read more.../a/blockquoteh4Related to Japenese Hedge Fund Managers | Hedging Skills/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia title="Denmark Hedge Funds" href="http://richard-wilson.blogspot.com/2008/08/denmark-hedge-fund-guide.html" description="A short guide to the hedge fund industry in Denmark" alt="Denmark Hedge Funds, Denmark Hedge Fund Manager, Hedge Funds in Denmark, Denmark Hedge Fund Regulation"Denmark Hedge Fundsbr //a/lilia title="Hedge Funds in Dubai" href="http://richard-wilson.blogspot.com/2008/07/dubai-hedge-funds.html" description="Guide to hedge funds in Dubai" alt="Dubai Hedge Funds, Hedge Funds in Dubai, Hedge Fund in Dubai"Dubai Hedge Fund Guidebr //a/lilia title="European Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/european-hedge-funds.html" description="Guide to Hedge Funds in Europe" alt="European Hedge Funds, Hedge Funds in Europe, Hedge Fund in Europe"European Hedge Fundsbr //a/lilispan style="color: rgb(0, 0, 0);"a alt="Hedge Fund Blogger.com: France Hedge Fund Guide | One Page Guide to Hedge Funds in France" href="http://richard-wilson.blogspot.com/2008/10/france-hedge-fund-guide-one-page-guide.html" title="France Hedge Fund Guide | One Page Guide to Hedge Funds in France"France Hedge Fund Industrybr //a/span/lilia title="Germany Hedge Funds" href="http://richard-wilson.blogspot.com/2008/09/germany-hedge-fund-guide.html" description="A guide to Germany Hedge Funds" alt="Germany Hedge Fund"Germany Hedge Fund Managersbr //a/lilia title="Hedge Fund Hong Kong" href="http://richard-wilson.blogspot.com/2008/07/hedge-fund-hong-kong.html" description="Guide to hedge funds in Hong Kong" alt="Hedge Fund Hong Kong, Hong Kong Hedge Funds"Hong Kong/a/lilia alt="Indonesia Hedge Fund Investment Research Guide" title="Indonesia Hedge Fund Investment Research Guide" href="http://richard-wilson.blogspot.com/2008/09/indonesia-hedge-fund-investment.html"Indonesia/a/lilia title="Japanese Hedge Funds" href="http://richard-wilson.blogspot.com/2008/07/japenese-hedge-funds.html" description="Guide to hedge funds in Japan" alt="Japanese Hedge Funds, Hedge Funds in Japan, Hedge Fund in Japan"Japan Hedge Fund Industrybr //a/li/ulTags: Japanese hedge Funds, Japanese Hedge Fund Managers, Japan Hedge Fund Industry, Japanese Managers, Japanese funds, Money management japan, long short funds in Japandiv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=h8c5n"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=h8c5n" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=ubGzN"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=ubGzN" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=f8ymn"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=f8ymn" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/461041677" height="1" width="1"/

Hedge Fund Maguire | Letter Blasts the Actions of Desperate Hedge Fund

Richard C. Wilson — Sat, 22 Nov 2008 16:22:04 +0000

h1 style="text-align: center;"bHedge Fund Maguire/b/h1h2 style="text-align: center;"bspan class="Apple-style-span" style="color: rgb(102, 0, 0);"Hedge Fund Maguire | Letter to Hedge Fundsbr //span/b/h2br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://images.eonline.com/eol_images/Articles/20071107/425.cruise.maguire.110707.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 185px; height: 137px;" src="http://images.eonline.com/eol_images/Articles/20071107/425.cruise.maguire.110707.jpg" alt="" border="0" //a(http://HedgeFundBlogger.com) Below is a short excerpt from the NY Post and their comments on a letter which Sandra Manzke sent out earlier this week regarding the recent actions of many desperate hedge fund managers. If anyone has the full version of this letter please shoot it over or post it below. For now here is an excerpt of the review article:br /br /Fed up with misbehavior in the hedge-fund industry, respected a alt="Hedge Fund Blogger.com: Hedge Fund Investors" href="http://richard-wilson.blogspot.com/2008/01/hedge-fund-investors.html" title="Hedge Fund Investors"hedge fund investor/a Sandra Manzke is fighting back.br /br /A pioneer in hedge-fund investing and best known for founding Tremont Capital Management, Manzke sent an angry missive to hundreds of her peers earlier this week, calling on them to join together to push for reform in the $1.5 trillion industry.br /br /"I am appalled and disgusted by the activities of a number of hedge-fund managers," said the letter, which raises a fist against what Manzke sees as a general degradation of a alt="Hedge Fund Blogger.com: Hedge Fund Ethics" href="http://richard-wilson.blogspot.com/2007/12/hedge-fund-ethics.html" title="Hedge Fund Ethics"ethics/a in the industry.br /br /The letter, reminiscent of the way in which Tom Cruise's Hollywood agent character penned a manifesto blasting his cutthroat industry in the hit movie "Jerry Maguire," comes amid a historic shakeout of this once-lucrative business. Hedge funds are battling the double blows of poor a description="Hedge Fund Performance, Hedge Funds Performance, Hedge Fund Return, Hedge Fund Returns, Hedge Funds Returns" alt="Hedge Fund Performance" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-performance.html" title="Hedge Fund Performance"performance/a - down an average of 20 percent so far this year - and billions in investor withdrawals, known as a title="Hedge Fund Redemptions" href="http://richard-wilson.blogspot.com/2008/06/hedge-fund-redemptions.html" description="Hedge Fund Redemptions, Hedge Fund Redemption, Hedge Fund Redemption Dates, Hedge Fund Redemption Date" alt="Hedge Fund Redemptions, Hedge Fund Redemption"redemptions/a. a rel="nofollow" target="_blank" href="https://www.nypost.com/seven/11212008/business/hedgie_horrified_140028.htm"Read more.../abr /br /Here is the actual letter:br /br /MAXAM Capital Management LLCbr /RE: AN IMPORTANT LETTER TO HEDGE FUND INVESTORSbr /Dear Sir/Madam:br /br /I was one of the earliest investors in hedge funds. I made my first investment in 1985 when the industry was exclusive to the United States and there were only 68 funds in existence. As such, I have watched the industry grow from a small private investment club to its current state managing in excess of a trillion dollars with more than 10,000 funds. I was an early proponent of the fund of funds business which enabled smaller investors the ability to access the talent pool, and gain diversification with lower minimum investment. I once was proud of the industry, now I am concerned.br /br /While we all recognize the difficulties of the current market environment, I am appalled and disgusted by the activities of a number of hedge fund managers. The increased use of gating, side pocketing, suspension of redemptions, failure to post an NAV, fund liquidations that favor management are just a few of activities that are giving this industry a bad name. Worse, there are managers who are attempting to get their money out ahead of investors, attempts to eliminate high water marks, asking investors to increase fees to pay for fund expenses, receiving fees on liquidating funds, receiving fees on illiquid securities, and mispricing their books.br /br /We have seen funds which claimed to have no leverage, in fact, facing margin calls that wipe out capital. And managers who have received millions of dollars in incentive fees, walking away and leaving investors with nothing. Further, management fees have crept up to outrageous levels and hedge fund organizations are paying employees lucrative wages, while investors are bearing these costs, unjustified by mounting losses.br /br /I was in favor of SEC registration and oversight and 2008 is certainly a poster child for the need for better regulation. Now, I feel that investors need to form an organization to protect against the egregious hedge fund manager. Hedge fund managers do not disclose their investors and we are each operating in a vacuum. We should be able to unite to change how this industry operates. I am proposing that we form the “Hedge Fund Investors United Forum” to propose reform in the industry that would protect our clients’ and our own interests.br /br /Carl Icahn has started his shareholders group to change the behavior of corporate America. I urge everyone to go to his blog and join, because corporate America has lost its way. Corporate management needs to get back to running companies to make money for shareholders, not for personal gain. We need to get hedge fund managers to work for their investors and not for their personal gain.br /br /As a group we can influence the future of the industry. We can start to define neutrally beneficial terms, not punitive investor terms. If we want to survive, we have to restore confidence and reshape the industry. I am not saying everyone out there is a bad apple, but there are too many bad apples for my taste and it only takes a few to bring the industry to its knees.br /br /If you are interested in joining with me to bring reform to this industry, please email me and together we can start the process.br /br /With great concern,br /Sandra L. Manzkebr /Chief Executive Officerbr /h4Related to Hedge Fund Maguire | Letter Blasts the Actions of Desperate Hedge Fund/h4ullia alt="Hedge Fund Tracker Tool" href="http://richard-wilson.blogspot.com/2008/08/hedge-fund-tracker-tool.html" title="Track over 1,000 Leading Hedge Funds"Hedge Fund Tracker Tool/a/lilia description="hedge fund marketing" alt="hedge fund marketing" href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-marketing.html" title="Sharpen Your Hedge Fund Marketing Skills"Fund Marketing and Sales Advice /a/lilia href="http://richard-wilson.blogspot.com/2007/12/100-hedge-funds-to-watch.html"Top Hedge Fund Managers/a/lilia href="http://richard-wilson.blogspot.com/2008/04/hedge-fund-videos.html"Free Online Hedge Fund Videos/a/lilia description="Hedge Fund Employment, Hedge Funds Employment Openings, Employment at Hedge Funds, Careers amp; Employment at a Hedge Fund, Hedge Fund Employment Opportunities" alt="Hedge Fund Employment" href="http://richard-wilson.blogspot.com/2008/05/hedge-fund-employment.html" title="Enhance your Hedge Fund Career"Careers amp; Employment Guide /a/lilia alt="Hedge Funds and Investment Securities" managers="" securities="" and="" investment="" fund="" description="" holding="" title="Investment Securities Holdings" of="" hedge="" href="http://richard-wilson.blogspot.com/2008/09/investment-securities-and-holdings-of.html"Hedge Fund Holdings amp; Securities Analysis/a/lilia href="http://richard-wilson.blogspot.com/2008/03/hedge-fund-terms.html"Hedge Fund Terminology/abr //lilia alt="Geographical Guide to the Hedge Fund Industry, International Hedge Fund Guide" href="http://richard-wilson.blogspot.com/2008/08/geographical-guide-to-hedge-funds.html" title="Learn About Hedge Funds in over 200 Geographical Regions"Geographical Guides/a/lilia description="A collection of tools for hedge fund startups" alt="Hedge Fund Startup Tools" href="http://richard-wilson.blogspot.com/2008/09/hedge-fund-startup-tools-1-page-guide.html" title="Hedge Fund Startup Tools"Hedge Fund Startup Tools/a/li/ulTags: Hedge Fund, Hedge Funds, Stock Markets, Stock Market, Investment, Investments, Real Estate, Fund of Funds, funds, investment performance, hedge fund managers, hedge fund performancediv class="feedflare" a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=2MnTn"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=2MnTn" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=kHjZN"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=kHjZN" border="0"/img/a a href="http://feeds.feedburner.com/~f/richard-wilson-blog?a=XkCBn"img src="http://feeds.feedburner.com/~f/richard-wilson-blog?i=XkCBn" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/richard-wilson-blog/~4/461041678" height="1" width="1"/

Financial Designation on Hedge Funds | New Site

Richard C. Wilson — Thu, 20 Nov 2008 15:11:28 +0000

Financial Designation

Financial Designation on Hedge Funds

Last week the Hedge Fund Group (HFG) released a new website to support the CHA Designation Program. This new site is online at http://CHADesignation.org.

To date the most frequently visited pages of the site have included:

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Hedge Funds in 2009 | A turn around? 2008 – 2009

Richard C. Wilson — Mon, 17 Nov 2008 17:16:54 +0000

Hedge Funds in 2009

Hedge Funds in 2009 | Performance Notes

Here is a short article discussing the potential turn towards positive hedge fund performance for 2009. While this may not happen until 2010 or later I believe the article does bring up a few valid points:

Hedge funds are under fire these days but they are likely to provide good investment opportunities next year, according to a senior figure in the industry.

Mr Christophe Grunig, chief investment officer of Swiss fund Harcourt, told a gathering at Singapore Management University: 'Until the end of the year, it will be difficult. A strong deleveraging process has taken place, and there are redemptions. 'But in the medium term, 2009 could be an excellent year. There are huge trading and investment opportunities.'

Mr Grunig said the industry shakeout that is going on will mean less competition so hedge funds would soon no longer have to compete against powerful investment banks. That will lead to more funds being open for investors.

The industry consolidation is reducing the number of hedge funds, making life difficult for smaller operations. 'There's a natural selection, survival of the fittest, and there's a healthy consolidation going on,' he said. Read more...

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The Hedge Fund Connection | Mark Cuban

Richard C. Wilson — Fri, 14 Nov 2008 19:36:51 +0000

Hedge Fund Connection

The Hedge Fund Connection | Why They Work

Mark Cuban recently published a post on what is currently wrong with how hedge funds operate. In short he believes that hedge funds are not setup to benefit investors because they are paid on an annual basis where as investors are looking for long term 3, 5 and 7 year returns. to read his full post please click here.

Here is a quote from the article: "Those who give money to hedge funds rarely if ever have a 1 year investment term. In fact, the contracts for investment do everything possible to lock up your money for as long as possible. vs. Hedge Fund Managers pay themselves on an annual basis.

That is a huge disconnect and there in lies the rub. While it is true that the managers are paid on a performance basis (plus their 2pct of assets) and some even have clawback provisions, that is not enough. If a fund can get big enough, all they have to do is max out in a single year and the managers are set for life. They put hundreds of millions of dollars EACH in their pocket."

I disagree with his assessment on many levels. Here is why:

Hedge Funds align their interests with investors more closely than mutual funds and corporations. Hedge funds earn their large profits by taking a percentage of the profits generated for their investors. Why aren't CEOs, mutual fund managers and ETF managers compensated in this way? Why don't corporate CEOs have high water marks written into their compensation plans? I think that hedge funds are the answer to the broad misalignment of interests in the marketplace, not the problem.

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Hedge Fund Testimonial Quotes | Congressional Hearing

Richard C. Wilson — Fri, 14 Nov 2008 19:04:52 +0000

Testimony Quotes

Congressional Hearing Quotes

Quick Links: Hedge Fund Testimonial Videos

Here are a series of quotes from yesterday's testimony.

``We do not need greater regulation of hedge funds,'' said Kenneth Griffin, founder of Citadel Investment Group LLC in Chicago. ``We've not seen hedge funds as a focal point of the carnage.''

Soros, founder of Soros Fund Management LLC, cautioned against ``ill-considered'' rules because this industry is reeling from market losses and client defections.

``I believe our tax situation is fair,'' Paulson said. ``If your constituents, whether a plumber or a teacher, bought a stock and if they held that stock for more than a year they would pay a long-term capital gains rate.''

``This isn't just about sophisticated, high-stakes investors anymore,'' Davis said. ``Institutional funds and public pensions now have a huge stake in hedge funds' promises of steady, above-market returns. That means public employees and middle-income senior citizens, not just Tom Wolfe's Masters of the Universe, lose money when hedge funds decline or collapse.''

Falcone, 46, said he supported more public disclosure and transparency. Investors ``have a right to know what assets companies have an interest in -- whether on or off their balance sheets -- and what those assets are really worth,'' he said.

Soros warned the committee against ``going overboard with regulation'' now that ``the bubble has now burst and hedge funds will be decimated.

``In our business, one of the most fundamental principles is alignment of our interests with those of our clients,'' said Paulson, who takes 20 percent of any gains. ``All of our funds have a 'high-water mark,' which means that if we lose money for our investors, we have to earn it back before we share in future profits.''

Additional Reactions:

Hedge-fund managers have had ``unimaginable success'' and, while being ``virtually unregulated,'' many enjoy special tax breaks, said Waxman, a California Democrat. Today's witnesses, he said, earned on average more than $1 billion last year, profits they were able in many cases to treat as capital gains rather than as ordinary income, which is taxed at a higher rate.

``I gotta tell you, that is a staggering amount of money,'' said Representative Elijah Cummings, a Maryland Democrat. ``You are not taxed like ordinary citizens.''

Source

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Buy-and-Hold Dead? I think not.

Declan Fallon — Fri, 14 Nov 2008 10:39:00 +0000

Lee Brodie calls a href="http://www.cnbc.com/id/27651174"the death of Buy-and-Hold/a based on the comments of Jeff Macke (Hattip a href="http://www.ritholtz.com/blog/2008/11/the-death-of-buy-and-hold/"Barry/a)? br /br /blockquote2008 is the year that will go down in history as the year that long term investment died as a thesis./blockquotebr /Jeff Macke may not be a fan, but calling the long term investment model a dead duck is absurd. br / br /Lee suggests diversification as a solution, but diversification dilutes gains and brings you towards ETFsm, then index funds, which invariable means a buy-and-hold strategy. It's not diversification or time frame that matters, it's risk management that's key. Taking money off the table is fine and dandy if your position heads into profit, but it doesn't protect you when things go against you (and frequently as was the case for many this year). It doesn't matter if you hold for minutes, hours, days, weeks, months or years - the principle for (re)action is the same. br /br /span class="fullpost"For starters, Buy-and-Hold is not a returnless system; stocks falling under the buy-and-hold umbrella tend to be dividend payers with a history of dividend growth; growth which can produce stellar returns relative to the initial investment. The loss of a Buy-and-Hold limb (financials) was probably viewed by the good doctors to pronounce the patient dead, but the patient is still very much alive and well.br /br /One only has to look at certain buy-and-hold favourites like Johnson and Johnson (strongJNJ/strong) to see 2008 was no better or worse than prior years and this excludes the compounding dividend return:br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SR1g2hYwK-I/AAAAAAAAAk4/pqwB2pzIXV0/s1600-h/JNJ.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 178px;" src="http://2.bp.blogspot.com/_WWGUfU1tOjI/SR1g2hYwK-I/AAAAAAAAAk4/pqwB2pzIXV0/s320/JNJ.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5268473628884741090" //abr /Buy-and-Hold is the safest way to own stock because it removes the whims of emotions; yes - many 401Ks were badly damaged this year, but would a more actively managed portfolio have performed better? Hmmmm.... those 'smart money' a href="http://www.marketfolly.com/2008/11/hedge-funds-october-performance-numbers.html"Hedge Funds/a are having a great 2008? br /br /The emFast Money/em talking heads spout nonsense and fail to see the oppotunity presented to them - the ol' can't see the forest for the trees. br /br /One only has to look at past market collapses to see the golden opportunity it provided for buyers. The key is not to put your eggs into one basket and try and time the market; it's about applying basic strategy. br /br /[1] Finding markets and sectors deep in 'bear market' territory (20% decline from highs)br /br /[2] Understanding the cyclical nature of markets; 4 year bull/bear cycles (markets take longer to go up than go down so it tends to split 5/3). October 2007 was the start of the current cyclical bear market so look to October 2010 or thereabouts to signal its end.br /br /[3] You have emx/em capital and emy/em time to invest (emy/em in this case is the number of months from now to October 2010). The amount you have available each month to invest is emx/em/emy/embr /br /[4] a href="http://www.zignals.com/main/screener/tryscreener.aspx"Screen/a for your favourite stocks or sector. I would look for stocks yielding 5% or higher as a starting point. Create a stocklist.br /br /[5] Study a simple price a href="http://www.zignals.com/main/charts/trystockcharts.aspx"chart/a for each stock; if they exhibit a modest uptrend or trading range then they are good 'buy' candidates (the former for sustained growth, the latter for future gains). You want to avoid stocks making parabolic moves as these 'darlings' are just fads (how many made great profits on the way up, only to give them back buying "pullbacks" on the way down?) br /br /a href="http://2.bp.blogspot.com/_WWGUfU1tOjI/SR1q35svBvI/AAAAAAAAAlA/2lKsYRev8zM/s1600-h/Crocs.png"img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 192px;" src="http://2.bp.blogspot.com/_WWGUfU1tOjI/SR1q35svBvI/AAAAAAAAAlA/2lKsYRev8zM/s320/Crocs.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5268484647707150066" //abr /[6] Once your positions are filled, then you can calculate your average cost. Apply a 10-15% stop loss (adjusted quarterly) on the entire position and let the compounding begin. br /br /[7] As long as people keep making babies (new consumers) there were always be room for buy-and-hold. br /br /object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" width="400" height="338" param name="movie" value="http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/bootstrap.swf"/param param name="quality" value="high"/param param name="bgcolor" value="#FFFFFF"/param param name="flashVars" value="thumb=http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/FirstFrame.jpgcontent=http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/Blogdemo.swfwidth=400height=338"/param param name="allowFullScreen" value="true"/param param name="scale" value="showall"/param param name="allowScriptAccess" value="always"/param param name="base" value="http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/"/param embed src="http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/bootstrap.swf" quality="high" bgcolor="#FFFFFF" width="400" height="338" type="application/x-shockwave-flash" allowScriptAccess="always" flashVars="thumb=http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/FirstFrame.jpgcontent=http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/Blogdemo.swfwidth=400height=338" allowFullScreen="true" base="http://content.screencast.com/users/fallond/folders/Default/media/f1788596-28f2-4b48-a611-4f47471f1620/" scale="showall"/embed /objectbr /br /At a href="http://www.zignals.com"Zignals/a we provide the tools to help you make better decisions.br /br /Speaking of Buy-and-Hold, was Sell-and-no-Hold the mantra of the subprime world?br /br /span style="font-size:80%; color:#cccccc;"Dr. Declan Fallon, Senior Market Technician, a href="http://www.zignals.com"Zignals.com/a the free stock alerts, market alerts, and stock charts website /span/spanem/em

Congressional Hearings on Hedge Funds | Video

Richard C. Wilson — Fri, 14 Nov 2008 05:09:28 +0000

Congressional Hearings

Congressional Hearings on Hedge Funds | Video

Here is a short video on hedge funds and potential regulation of them. For once it seems like the mainstream media is actually backing hedge funds here and the risks they have taken in the past. This is all related to the recent hearings in front of congress. I'm not sure that one of these four people knows much about hedge funds but the discussion is interesting.

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Hedge Fund Testimony | Congressional Hearings on Hedge Funds

Richard C. Wilson — Thu, 13 Nov 2008 19:40:13 +0000

Hedge Fund Testimony

Congressional Hearings on Hedge Funds

(http://HedgeFundBlogger.com) Here is an update on the congressional hearings which could affect proposed regulations on the hedge fund industry. Should be interesting to see what Soros says...

Hours before five wealthy hedge fund managers were scheduled to appear before policy makers, two prominent academics testified that they thought hedge funds should face tighter regulation.

Andrew Lo, a professor at the Sloan School of Management at the Massachusetts Institute of Technology, and David Ruder, a professor emeritus at Northwestern University School of Law, each said that hedge funds did not disclose enough information about their activities to allow regulators to determine whether particular funds could cause market turmoil.

â€œThe fact is that we cannot come to any firm conclusion because we simply donâ€™t have the data,â€ said Mr. Lo, who is affiliated with an asset management company that manages several hedge funds. â€œAdditional transparency, even now, will provide some sense of what weâ€™re likely to see over the next year or two.â€

Many hedge funds have fought tighter regulations and additional disclosures for years, even as they grew in size and began managing significant assets for pension funds and endowments. Most recently, the industry were able to fend off a Securities and Exchange Commission requirement to disclose their short-sale positions. Instead, they are disclosing those positions, in which they bet against stocks, in a confidential report to the government.

The House Committee on Oversight and Government Reform, which is holding the hearing as part of a series of what went wrong in the financial crisis, requested a large amount of information from five hedge fund managers about their funds and holdings. Read more...

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Citadel Investment Group | Hedge Funds

Richard C. Wilson — Mon, 10 Nov 2008 02:51:00 +0000

Citadel Group

Citadel Investment Group

Just a quick note to let you know we have updated the Hedge Fund Tracker Tool for Citadel Investment Group. You may view this updated manager profile here: Citadel Investment Group LLC.

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Investment Quotes from Hedge Funds

Richard C. Wilson — Mon, 10 Nov 2008 01:50:29 +0000

Investment Quotes

Investment Quotes from Hedge Funds

Here is a collection of quotes from hedge fund managers on the market:

“I cannot find words to describe our disappointment, embarrassment and shock over the above results,” Ainslie wrote.

Congratulations to Maverick Capital for having the cojones to say this.

“Be careful buying ANYTHING today,” Kyle Bass, managing partner of Hayman Advisors, warned in an Oct. 17 letter to investors.
“There will be a time to buy stocks,” he added. “That time is a few years into the future when the strong have separated themselves from the week … a time when unemployment has hit 10% and U.S. GDP has dropped 4-5% (maybe more).”

Congrats Kyle. Not pressuring your clients into buying regardless of the season shows some back bone.
.
“The financial market collapse and bailout makes us sick,” he wrote. “There is likely more carnage to come.” Source

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Raising Capital from Hedge Fund Managers | Tips

Richard C. Wilson — Wed, 05 Nov 2008 18:10:49 +0000

Raising Capital From Hedge Funds

Raising Capital from Hedge Fund Managers | Tips

One of the top 5 questions I get via email now is "Can you help us raise capital from hedge fund managers for our _________." I have received inquiries asking for help raising capital for patent portfolios, real estate, land development, new hedge funds, software products, nanotechnology, wind farms and even a small airline company.

Why is this happening? I believe it is because banks are drying up as a source of capital, hedge funds are being seen in the news more and more each day and HedgeFundBlogger.com has recently gained enough traffic to one of the top 3 sources of hedge fund information online.

I will write more on this topic in the future but for now here are my top 3 tips for those looking to raise capital from hedge funds:

Don't start trying unless you are going to keep at it for at least 18-24 months. Anything less will be a waste of time, 80% of transactions are done based on trust of the management team and product and that takes time.
Kiss a lot of screened frogs. Buy the $2k database or directory of managers, screen for those which you could meet with locally, those you have connections with or those which specifically invest within some related area to the investment you are pitching. Thousands of people have emailed me looking for a free database or directory, there are free lists of hedge funds which you can see on my site here, here and here, but to update contact details, organize these lists and keep track of each funds investment mandate is a large task. You get what you pay for you and if you are running a business time is money - $2k is not much to spend if this is an important initiative for your fund. Here are some databases which I have used and point to often. Here is my article on choosing a hedge fund database.
Think like a hedge fund. Before you spend 100 hours trying to sell hedge funds on your investment read 3-4 books on the industry or download my free e-book on hedge funds. You need to think somewhat like a hedge fund to even catch their attention. How liquid would an investment in your firm be? How volatile are the potential returns or valuation of the investment? What risks are involved and how could those be mitigated using other offsetting investments or insurance policies? It will pay dividends if you first invest your own time in learning who you are trying to sell to and it makes the whole process more efficient from both parties perspectives.

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Greg Coffey | Hedge Fund Tracker Profile

Richard C. Wilson — Tue, 04 Nov 2008 04:54:05 +0000

Greg Coffey

Greg Coffey | Hedge Fund Tracker Profile

The following piece on Greg Coffey is being published as part of our Hedge Fund Tracker Tool, our daily effort to track hedge funds in the industry.

Resource #1: A star hedge fund manager, who is thought to have earned $300m (£186m) last year, has joined his former employer's closest rival.

Greg Coffey, a 37-year-old Australian, reportedly outstripped the highest-paid chief executive in the FTSE 100 in 2007 by earning seven times more than Sir Martin Sorrell, the head of advertising group WPP. He left the GLG hedge fund last month, forgoing a $250m package designed to retain his services in order to set up his own fund.

However, he will not have far to move because his new employer shares the same Mayfair office block as GLG. New York-based Moore Capital Management announced yesterday that it had signed up Coffey as co-chief investment officer of its London office at 1 Curzon Street. He will switch floors immediately.

Colleagues can expect an energetic performance despite the economic downturn. During busy months, Coffey changed his emerging markets fund an average of 2.8 times a day and traded $254.6bn in May alone. His decision to leave GLG, and pass up a fortune, surprised GLG's founder Noam Gottesman, who said: "I would never have imagined that a few hundred million dollars was an insufficient amount to retain somebody."

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Hedge Fund Discussion | A Commentary Piece

Richard C. Wilson — Tue, 04 Nov 2008 04:45:06 +0000

Hedge Fund Discussion

Hedge Fund Discussion Piece

I can't tell if Mr. Berko is for or against hedge funds, I will leave it up to you to decide....

Dear Mr. Berko: There's big trouble in the $3 trillion hedge fund industry. Many have lost massive amounts of money because the market has gone against them and thousands of hedge fund employees are losing their jobs. The Hedge Fund Sector is a very vital sector of our economy and I've not heard a word from the Department of Treasury or the Federal Reserve about helping the hedge fund industry in this economic crisis. In 2000, then Federal Reserve Board Chairman Alan Greenspan rescued Long Term Capital Management and saved it from complete collapse. Many hedge-fund investors can't get their investments back because the hedge funds can't get the credit they need to finance their portfolio positions or investor withdrawals. Do you believe the government should assist these people who invested their money in good faith? -- H.W., Boston.

Dear H.W.: Hedge funds are being rocked, socked, knocked, clocked and docked by the market. Most deserve every blow they get and then some. These financial leeches provide zero-sum benefit to our economy. Many of these funds contributed to the mortgage crisis, the credit crisis, the oil crisis, the bank crisis and the soon-to-occur credit card crisis as well as the soon to-occur-crisis with the Big Three auto companies. These funds, along with Goldman Sachs, Lehman Bros., Bear Stearns, etc., helped push the price of oil past the $145 level by trading contracts between themselves at predetermined prices. They are one of the reasons many Americans had to pay $4.25 a gallon and more at the pump. These funds traded and shorted billions of dollars of subprime mortgage securities between themselves, creating unprecedented volatility and cascading losses. And these hedge funds shorted hundreds of millions of shares of bank stocks, collapsing their market values, pushing Countrywide, Fannie Mae, Freddie Mac and Washington Mutual into bankruptcy.

Marrow suckers These hedge funds gleefully sucked the marrow from the backbone of our financial system. They had this power because they are unregulated (they had strong lobbyists in Congress) and are not required to abide by the same rules that control the trading activities of Fidelity, T. Rowe Price, Vanguard and other funds owned by most of the less-affluent public. Many of the 10,107 hedge funds are hurting badly, very badly, as they got caught on the wrong side of the oil market, the wrong side of the commodity market, the wrong side of the dollar, the Yen and the Euro. They got sliced and diced in the derivative market, were boxed by the credit market and bet the wrong horses in the mortgage-backed securities markets. Things got so bad that investors began a stampede to safety and these funds, which were highly leveraged, didn't have the capital to return principal to their hugely wealthy investors. Read more...

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Poll: Are Hedge Funds Doomed or Positioned for Re-Growth

Richard C. Wilson — Tue, 04 Nov 2008 04:26:28 +0000

Poll: Hedge Funds Doomed?

Poll: Is the Hedge Fund Industry Doomed?

I recently began a poll within a Linkedin.com discussion group on the hedge fund industry and whether it was doomed or will be well positioned for great growth after this crisis passes. Below are the numerous comments from investment professionals on this topic - please feel free to add yours below within the comments sections:
___________

Hedge funds are the new Investment Banks. Say goodbye to 2 and 20, but I for one believe that they are positioned to evade the coming regulatory maelstrom and over the next four years will outperform the market. Thats just my two cents though.
________

Falling markets and tighter regs will show if there is actually any alpha at all.
If there is then hedge funds will surely recover. If there isn't then they don't really deserve to...

__________

Ditto!
The ones who deliver alpha, will stay, the others...will crash and burn. No one will cry

___________

If ever there was a case for hedge funds the current market highlights it

___________

Firstly, in complex markets, short sellers are akin to investigative journalists, looking for the scoop of finding an overvalued company or industry. Also like journalists, short sellers aren't always popular with corporate management or regulators.

Hedge funds managed to operate profitably outside the morass of mortgage-based securities. They are lightly regulated, in contrast with traditional investment and retail banks. This means that the least regulated financial institutions were the ones that identified problems in the most regulated parts of the industry.

Forensic accounting experts at hedge funds have performed the hat trick of being the first to signal, through short selling, troubles at Tyco, Enron and now Fannie Mae, Freddie Mac and banks.

Hedge funds and their short sellers deserve thanks for delivering information to markets. But alas, it's human nature instead to blame the messengers of bad news, especially when the news turns out to be true.

With my Australian focus I can add that while there will no doubt be an industry shake out in Australia similar to that which is happening around the globe, the good news for managers left standing is that there is a strong appetite for alternative investments. Institutional Investors and their advisors are looking for quality alternative investments.

In these fear ridden times it is worth looking at the relative performances of hedge funds versus market indices. The HLA Aus Long Short Index was down 5.77% in Sep, which was pretty steep but compares well relative to other indices - HFN Long Short Equity Index (-6.57%), the ASX 200 Accumulation Index (-9.85%) and the MSCI World Index (-11.89%). The longer term performance numbers are very compelling for hedge funds and because they have not lost anywhere as much as long only investors are in a much better position to benefit from any future correction.

Therefore I believe that there is a strong case for hedge funds, perhaps a smaller universe in quantity and an increase in quality.

____________

Well i believe this is the perfect market for hedge fund area....There is tremendous opportunity in market to invest and sleep .By the time you wake up i.e. 2009 end or 2010 you have not even outperformed the market but you have given the new edge to this area.
Opportunity in a way you really need an eye for it...look for DIstressed securities, merger arbitrage wave is already there , natural resource is already oversold look for it...big speculation in FX Exchange market...
So in short, this is the time to get your investor confidence and act rather than sit.
Just my view..

__________

Hi, All. You are right, this should be perfect conditions for HF to perform. Did they perform? Not all of them, at least the good one will survive.

My questions then is about HF domicile. In the current market conditions and looking at the impact of this crisis on the real economy. What will be the reaction of politicians around the world? They are convinced that this is the right time to kill offshore places. Politicians are under pressure to find money for their budget. It could be good to see all that money sitting in offshores places coming back home??

What are the domicile of most the HF? offshore places! Will it possible for all of them to find more regulated environment if need be?

___________
In the past year , it would appear that some of the hedge fund managers seem to have forgotten to hedge some of their positions.My sense is that the year 2008 will probably be remembered as the year of the "Hedge Fund Shake-Out" , with only the exceptional fund managers remaining and possibly MS and GS being more active in the hedge fund space as they won't be able to apply that much leverage onto their balance sheets as they are now bank holding companies . To try to answer the question , my opinion is that there will be less participants going forward ,however , exceptional managers (Paulson, Simons etc) will thrive.
_____________

Doom and recovery are currently equally likely, in my opinion. The next 3-6 months will be show whether there is a future for the hedge fund industry. If there will be cases of fraud surfacing or ugly legal disputes about small print, hedge funds will experience a loss of confidence similar to the investment banks, or "banks" in general. In case of a confidence crisis, hedge funds will become as stigmatized as for example CDOs.

The tale of higher volatility increasing alpha opportunities has been marketed many times already. It neglects that high volatility also increases the probability of being wrong from the viewpoint of the investor. As we have seen over tha last 12 months, higher volatility mainly increases dispersion of results. Given the zero sum characteristics of the alpha game, this will mainly lead to deteriorating hedge fund performance on a risk-adjusted basis in investor portfolios.

Personally, I believe that we are confronted with a gap between investor expectations and the product characteristics of real-world hedge funds. There are definitely issues with the promised "absolute return" features, redemption gates, side pockets and similar conjuring tricks are supporting concerns raised by investors in the past on several occasions. A forthcoming "Hedge Fund 2.0 industry" will have to address these issues.

The reason the current situation is called a "crisis" is that investors (and also money managers) are experiencing somthing which has been termed "fundamental learning": During this crisis, not only the industry will change, but also the perception of industry participants. This is the difference between a "crisis" and a "drawdown": eventually, recovery takes place, but the "world will look different and will be perceived differently" in the case of a crisis.

Another interesting question is what will happen to the "convergence theory": Due to excessive framing on median characteristics, traditional funds / traditional asset management is also experiencing an expectation gap. Wealth management clients in all corners of the world are seeing their capital preservation preferences being trampled under foot. So-called "balanced" accounts are currently experiencing drawdowns of -20% (and the bottom is probably not reached yet).

Black swans, the Perfect storm, fat tails (on both sides), correlation breakdowns and reversals, contagion / unexpected transmission mechanisms - all participants are undergoing fundamental learning in risk management topics. Personally, I hope that the current crisis will result in a general realignment of investment services with client preferences. It is badly needed, in the alternative as well as traditional part of the money management industry.

Just my two cents, unleveraged and not mortgage-backed ones, that is...
___________

I agree with Andreas comments on the gap between how hedge funds are (were) perceived and the reality of their characteristics when market conditions worsen and his hope for a general realignment of investments services with client expectations.
I also like his views about the convergence theory .

There is no doubt that most Hedge Funds are in trouble and will remain under pressure for a while. There is also no doubt, in my view that there was too many so called hedge funds around these last 3 to 5 years and that not all of them deserved our attention as investors and their 2 and 20.

If something good must come out of this crisis, it is most certainly the fact that, at least for a while, investors will focus again on Hubris and Greed, and will pay a lot more attention to the "how" returns are achieved rather than the "how much".

One of the paradox (among many others) in the current environment, is that Banks have failed to finance the "real" economy and have left a large share of this role to Hedge Funds (e.g. ABL or other related strategies), and that regulators and governments around the world have forgotten that in a growing risk adverse environment the need for "conscious" risk takers is even more important, hence they try to save whatever they can save in a corrupted banking world and are stigmatizing hedge funds.

Now, going back to the initial question, I personally do not think that hedge funds are doomed, but that the industry will shine again, probably as soon as the third quarter of 2009, of course the number of hedge funds will be reduced, and most of the survivors as well as the new ones will become more "institutionalized".

I hope that we will see an increase in quality, but it will probably remain as difficult as ever to assess who are the good ones and the bad ones. Expecting an increase in quality is wishful thinking.

Another two cents, unleveraged and not "structured"....
______

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Hedge Fund Activism | Corporations Working with Activist Hedge Funds

Richard C. Wilson — Tue, 04 Nov 2008 02:32:19 +0000

Hedge Fund Activism

Corporations & Activist Hedge Funds

The Conference Board Working Group on Hedge Fund Activism has released its final recommendations for those corporations and institutional investors that may find themselves involved in an activism campaign mounted by hedge funds.

The recommendations were formulated by a heterogeneous group of high-level corporate and investor representatives, instituted under the auspices of The Conference Board Governance Center. They include guidelines on monitoring securities holdings, responding to requests for change, ensuring voting integrity, and overseeing hedge fund management. Working Group members include:

• Major pension funds and asset management firms, including TIAA-CREF, Florida State Board of Administration, and Barclays;
• Corporations at the forefront of corporate governance developments, including Pfizer, American Express, and The Coca-Cola Company; and
• Industry associations and service providers such as Managed Funds Association, the National Investor Relations Institute, ISS-RiskMetrics Group, Standard & Poor’s, and Weil, Gotshal & Manges, LLP.

The group is co-chaired by Stephen Davis, director of the Millstein Center for Corporate Governance and Performance at Yale School of Management and chairman of the board of Hermes Equity Ownership Service, and Jon Lukomnik, managing director of Sinclair Capital and recently-named director of the Investor Responsibility Research Center Institute for Corporate Responsibility (IRRCi) in Washington, D.C. Matteo Tonello of The Conference Board serves as research director and authored the final Report.

To download the recommendations or the full Report, visit www.conference-board.org/hedgefundactivism. A recorded webcast presented by the author of the Report and the Working Group co-chairs is also available.

The Conference Board Working Group recommendations are supported by extensive research findings based on recent notable cases of activism such as those at Yahoo, CSX, Motorola, and The New York Times. “The rise of hedge fund influence means everyone—from corporate boards to pension fund trustees—has to update their coping skills,” says Stephen Davis. “What worked in a simpler capital market could spell disaster in today’s more complex times. The good news: this Report spells out road maps for market players to survive and prosper.”

“There is so much fear, loathing and misinformation in the marketplace that it has made constructive engagement between companies and hedge funds difficult. This Report demystifies hedge fund activism and, by so doing, should improve the communication between companies and hedge funds," adds Jon Lukomnik.

The recommendations were formally endorsed by the National Investor Relations Institute (NIRI). NIRI is the largest U.S. association of investor relation officers with 4,400 members representing nearly 2,100 publicly held companies and $5.4 trillion in stock market capitalization.

“NIRI endorses the recommendations contained in the Working Group’s Report,” said Linda Kelleher, executive vice president of NIRI. “These recommendations represent corporate investor relations best practices encouraging early interaction and proactive engagement with activist investors, and reinforce the findings of our August 2007 NIRI Activist Investor Survey.”

Monitoring Securities Holdings
According to The Conference Board Working Group recommendations, management should actively monitor trading in the company’s securities holdings and pay particular attention to large accumulations and extraordinary stock purchase patterns. Relations among institutional investors and group voting arrangements should also be investigated to determine whether holders are acting alone or in concert with others.

Companies should consider availing themselves of securities surveillance service providers to obtain information that is unavailable through public filings. “Some hedge funds may try to disguise their accumulations by taking the position that not all transactions they enter into are subject to public disclosure,” says Matteo Tonello. “This is what happened in the recent CSX/TCI controversy, where the investor did not disclose its equity swap holdings despite the intention of swap counterparties to vote CSX’s stock in accordance with TCI’s voting decisions”. Hedge funds may try to disguise their accumulations and avoid disclosure of their positions, but they are still required to settle their transactions in three business days and maintain relationships with custodian banks. In certain situations, a company would benefit from specialized services that track these settlements and gather data on the origination of trading orders.

Securities holding intelligence obtained from public filings should also be supplemented and corroborated with non-public information the company can access through ongoing discussions with large investors. For this reason, board members and senior executives are encouraged to maintain proactive relations with the investment community and, within the parameters of applicable laws, seek regular communication with their major shareholders. “If a hedge fund is discretely engaged in securities accumulations or other trading activities, no one better than its peers are likely to know about it, especially if they also already own securities of the company,” concludes Tonello.
Responding to Requests for Change
The Working Group found that activist hedge funds tend to operate as value investors. Instead of poorly performing businesses, they often choose to invest in corporations that are profitable, have sound operating cash flows, and yet are undervalued. The funds’ goal is to act as catalysts for change by creating a triggering event (e.g., a revision in the capital structure, a strategic decision such as the sale of non-core business lines, or a new compensation scheme to better link pay and performance) that will unlock shareholder value and yield investment return. “This is a clear pattern,” says Tonello “and we documented it in the Report by looking at the cases that made headlines over the last few years”.
For this reason, the Group recommends that companies proactively develop an inventory of those strategic, financial, and governance-related vulnerabilities that could undermine their value and single them out as potential targets to activists. As a preventive measure, corporations should specifically renew their focus on financial performance and be prepared to justify their capital availability and liquidity positions vis-à-vis strategic goals.
The recommendations also call for management to work closely with boards in developing an actionable response strategy that clearly explains to all stakeholders why the company decided to resist or concede to activists’ demands.

Ensuring Voting Integrity

The Working Group also addressed the issue of empty voting and other abusive practices that may affect the integrity of the proxy voting process. Empty-voting occurs when hedge funds borrow shares in advance of the shareholders’ meeting record date and for the sole purpose of exercising the shares' voting rights and affect a decision. Assessing the extent of the phenomenon is difficult because of the anonymity of modern trading activities. Although most funds do not engage in empty voting, a few notable examples (including the borrowing of Mylan Laboratories’ shares by Perry Capital to increase voting influence on a controversial merger) are putting pressure on regulators and the business industry to address the issue.

The Working Group agreed that a way to discourage empty voting is to create the conditions for institutional lenders to become aware of the items being put to a vote and, if they deem any of them of importance, recall their shares before the record date. To companies, the Group recommends that they publish the meeting agenda and disclose the voting record date in advance of the actual occurrence of the record date, so as to allow lenders enough time to assess whether the items being put to vote are – based on the lenders’ governance policies and fiduciary duties – more important than the economic return derived from lending the shares. To institutional investors in the securities lending business, the Working Group recommends the adoption of rigorous written policies defining the scope and prerequisites of lending activities as well as the internal communication between the stock lending agents and the proxy voting team. In addition, lenders should ensure that the master lending agreements they enter into with borrowers include appropriate economic disincentives of empty voting (for example, by incorporating severe liability and indemnification clauses for damages caused to the value of the shares by empty voting practices).

“The integrity of the voting chain and practical mechanics of proxy voting are of pivotal importance in dynamic activist scenarios and have become more and more critical to the efficient conduct of the capital markets,” says Michael McCauley, senior corporate governance officer at Florida State Board of Administration (SBA), a member of The Conference Board Working Group on Hedge Fund Activism. “One key component is transparency, which serves to protect shareowners. Disclosure of factors such as net holdings, use of derivatives, and borrowing (or hedging) by large investors, as well as company disclosure of upcoming meetings and ballot information in advance of meeting record dates, are all essential to voting integrity,” he concludes.

“Such improvements in transparency would aid investors and companies alike and enable all stakeholders to react appropriately to the behavior of major market players, whether they are activist hedge funds or not. The Working Group recognizes how critical it is to find an effective solution to ‘empty voting’ abuses. This aspect of corporate control is too important for investors and companies not to work together to establish a safe, secure and efficient voting system,” adds Tracy Stewart, corporate governance manager at Florida SBA.

Overseeing Hedge Fund Management

The Working Group does not believe that institutional investors (such as pension funds, foundations, and endowments) should categorically prohibit or restrict asset allocations to activist hedge funds. In fact, the Report states that such restrictions would conflict with the institutions’ fiduciary duty to diversify their portfolio and prudently seek new investment opportunities. However, the Group recommends that institutional investors (considering or) managing such allocations strengthen their ongoing due diligence process and adapt it to the peculiarities of the hedge fund vehicle and those of activism as an investment strategy. Specifically, institutional investors should understand what strategic, financial, and governance changes are perceived by the hedge fund as drivers of long-term growth.

To assist them in this process, Managed Funds Association (MFA) has developed a Model Due Diligence Questionnaire for Hedge Fund Investors, which is included as an appendix to the Report. “MFA appreciates the collaborative effort of The Conference Board Working Group on Hedge Fund Activism to promote investor education. We believe that our DDQ is a valuable tool for investors as part of their diligence process for hedge fund investing,” says Richard H. Baker, MFA President and CEO.

The Conference Board Working Group on Hedge Fund Activism

The Conference Board Working Group on Hedge Fund Activism was instituted in 2007 to provide practical guidance to corporations and institutional investors involved in an activism campaign mounted by hedge funds. The following is the complete list of member organizations:

Alcoa, Inc.
Donna C. Dabney, Corporate Secretary & Corporate Governance Counsel

The Altman Group
Ken Altman, President

American Express Company
Carol Schwartz, Senior Assistant Secretary
Darla C. Stuckey, Vice President & Senior Assistant Secretary

APCO Worldwide
Steven Harris, Senior Counselor
Jeff Zelkowitz, Senior Vice President

Applebee’s International, Inc.
Carol DiRaimo, Vice President of Investor Relations

Barclays Global Investors
Abe Friedman, Director of Corporate Governance

Bulldog Investors
Philip Goldstein, Founder

The Coca-Cola Company
Carol Hayes, Vice President of Corporate Governance & Secretary

The Conference Board, Inc.
Matteo Tonello, Working Group Research Director
Carolyn K. Brancato, Senior Advisor
Tina S. Van Dam, Senior Advisor

Dade Behring Holdings, Inc.
Louise Pearson, Chief Compliance Officer

DLA Piper
Ted Altman, Partner

Florida State Board of Administration
Michael McCauley, Director of Corporate Governance
Tracy Stewart, Senior Corporate Governance Analyst

Freddie Mac
Luise Welby, Associate General Counsel

Global Advisors, Inc.
Stephen Davis, President

Icahn Associates Corporation
Keith Schaitkin, Associate General Counsel

Infovest21
Lois Peltz, President

RiskMetrics Group, Inc. (formerly Institutional Shareholder Services, Inc.)
Patrick McGurn, Senior VP and Special Counsel

Jones Day
Richard H. Koppes, Of Counsel

Managed Funds Association
Lisa S. McGreevy, Former Executive Vice President and COO

McGuire Woods, LLP
Robert L. Burrus, Jr., Former Chairman and Partner

Moody’s Investors Service
Francis H. Byrd, Former Vice President, Corporate Governance

National Investor Relations Institute
Linda Y. Kelleher, Executive Vice President

OneCapital Management Partners, LLC
Reid Bernstein, Chief Executive Officer

Pfizer, Inc
Margaret (Peggy) Foran, Former Vice President of Corporate Governance & Secretary
Rosemary Kenney, Director, Corporate Governance

Project Primavera
Leigh Ferst, Principal

Sinclair Capital
Jon Lukomnik, Managing Partner

Spencer Stuart
Julie H. Daum, Senior Director
Julie Norris, Board Services Specialist

Standard & Poor’s
Dan Konigsburg, Director, Corporate Governance

State of Delaware
Cynthia Kane, Special Assistant to the Secretary of State

TIAA-CREF
John Wilcox, Former Senior VP and Head of Corporate Governance

Yale School of Management
(Millstein Center for Corporate Governance and Performance)
Stephen Davis, Project Director and Fellow

Weil, Gotshal & Manges, LLP
Catherine T. Dixon, Partner
Holly Gregory, Partner

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Hedge Fund Quote of the Month | Goldstein

Richard C. Wilson — Sun, 02 Nov 2008 23:22:10 +0000

Hedge Fund Quote

Hedge Fund Quote of the Month | Goldstein

Below is the hedge fund quote of the month for October. This quote came from hedge fund manager Phillip Goldstein (pictured on the left) at a hedge fund marketing and regulation conference in Manhattan:

"Goldstein said that the media is quick to blame hedge funds whenever something goes wrong in the market such as the skyrocketing prices of oil over the summer. “But now that prices are coming down, I don’t hear anybody saying hedge funds have done a good job bringing down the price of oil,” he added." Source

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Alabama Hedge Fund Guide | Hedge Funds in Alabama

Richard C. Wilson — Fri, 31 Oct 2008 18:20:26 +0000

Alabama Hedge Fund Guide

Guide to Hedge Funds in Alabama

Other Geographical Hedge Fund Guides Include:

Permanent Link: Connecticut Hedge Fund Guide
Tags: Alabama Hedge Fund, Hedge Fund Alabama, Hedge Funds in Alabama, Alabama Hedge Funds

Investment Designation | Training on Hedge Funds

Richard C. Wilson — Thu, 30 Oct 2008 17:42:52 +0000

CHA Designation

CHA Investment Designation | Update

A class of over 60 participants are currently preparing for the CHA Level 1 Exam next month. The Chartered Hedge Fund Associate (CHA) Designation Program continues to grow despite the recent financial crises. Our team is seeing an increased interest from participants considering the CHA Designation as the hedge fund industry job market becomes more competitive. We are also being contacted by many hedge fund managers who are looking to ensure they have a broad foundation of knowledge on which to run their business.

There are currently over 50 hedge funds and fund of hedge funds which have agreed to join our Advisory Board and over 1,500 individuals who have signed up to learn more about the CHA Designation through our Email Alerts.

The Hedge Fund Group (HFG) is preparing to open registration again on January 15th, 2009 to the first 200 participants who register for the program. The new website for the designation will be available shortly. For now information on the program can be found here: CHA Overview.

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Tags: Investment Designation, Investment Designations, investing designation, Investing Designations, Investment Professional Designations, Investments Designation, Investment Manager Designation

The Securities Investors’ Bill Of Rights (SIBORAP): Part Four

Steve Selengut — Wed, 29 Oct 2008 17:56:13 +0000

SIBORAP includes these ten specific sections: (1) Product Transparency, (2) Regulation and Education, (3) Protection from Speculators (4) Control of Hedge Funds, (5) Brokerage Account Statements, (6) Retirement Account Investments, (7) Executive Compensation, (8) Corporate Financial Statements, (9) Taxation of Investment and Retirement Income, and (10) Transactional Greed and Fear [...]

The Securities Investors’ Bill Of Rights (SIBORAP): Part Three

Steve Selengut — Wed, 29 Oct 2008 17:37:43 +0000

Porsche 1 Hedge Funds 0 | Porsche Builds Up a Position in Volkswagen

Richard C. Wilson — Wed, 29 Oct 2008 15:47:14 +0000

Porsche 1 - Hedge Funds 0

Porsche Secretly Builds Up a Position

In the past Porsche has been compared to hedge funds for its aggressive management of currency risk management. Now it seems they have left a few hedge fund without a chair by secretly building up a 74% stake in Volkswagen.

The sports car giant Porsche has pulled off one of the greatest share killings of all time in a coup that has left some of the world's largest hedge funds nursing combined losses that could total $20bn (£12.6bn).

The vast sum was won and lost in bets on the share price of Volkswagen. While Porsche has been building a secret 74 per cent stake in its rival, the hedge funds have been betting that the shares will fall. The shares soared by 400 per cent in two days, leaving Porsche with a huge profit and the hedge funds – some of which are based in London – with losses that could drive them into bankruptcy.

City traders were stunned by the audacity of Porsche's move, although there is no suggestion that it broke German law or trading regulations.

The sudden rise in Volkswagen's share price – from about €200 to more than €900 – was triggered by the announcement at the weekend of Porsche's share-buying. The hedge funds had short-sold the shares – in effect a bet that they would fall – and so were left huge losses by the rally. Read More...

Here is another piece on this topic from Reuters:

Hedge fund manager David Einhorn's Greenlight Capital suffered heavy losses in his portfolio when German carmaker Volkswagen's shares spiked 82 percent on Tuesday, people familiar with his portfolio said.

The German carmaker briefly zoomed past Exxon Mobil to become the world's biggest company by market value as hedge funds who bet Volkswagen's price would drop further were forced to cover their positions.

Carmaker Porsche Automobil Holding SE (PSHG_p.DE: Quote, Profile, Research, Stock Buzz) surprised the market by announcing it had effectively gained control of 74 percent of Volkswagen's voting shares.

Einhorn's Greenlight Capital L.P. had already lost 16.4 percent in the first nine months of the year, Einhorn told investors in a letter on October 1. He said Porsche was one of nine losers in the portfolio that each cost more than one percent of capital in the quarter. Read more...

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Avoid The Fallout From ‘Imploding’ Hedge Funds

Contrarian Profits — Tue, 28 Oct 2008 14:26:39 +0000

The wild market swings of late are most likely down to hedge funds says Keith Fitz-Gerald. These big money movers are liquidating assets to meet margin calls, causing chaos in the markets. Keith has four tips on how to dodge the worst of the damage.

He says it is essential to guard against today’s downside risks with trailing stops, inverse ETFs, and put options.

And every investor should have a plan to re-engage with the markets when this financial storm passes.

This from Money Morning:

As the worst financial crisis in recorded market history rocks Wall Street, millions of investors on Main Street keep asking a single question.

When will this end?

The market volatility is unprecedented: Where professional traders once ranked a day as “wild”…

The Securities Investors’ Bill Of Rights (SIBORAP): Part Two

Steve Selengut — Mon, 27 Oct 2008 23:38:25 +0000