Madoff is not representative of the hedge fund industry
Wednesday, 17 December 2008 | 12:00 am
The Madoff Fraud is bound to have investors running from hedge funds. However, one should realize that Madoff was not structured as a typical hedge fund. The Madoff structure was unique, and allowed ample latitude for fraud.
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Madoff
Tuesday, 16 December 2008 | 12:00 am
Last week Bernard Madoff decided to throw in the towel on his own Ponzi scheme and confess to one of the largest cases of alleged fraud in the hedge fund industry, known to date. The list of direct investors includes astute and reputable investors. The details of the scheme are as yet unknown but the
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Some investment strategies for 2009
Monday, 15 December 2008 | 12:00 am
Closed end funds: Fund structure mitigates investor risk Suitable for arbitrage strategies Suitable for relative value strategies Suitable for distressed and private equity strategies Lends itself to efficient and risk controlled deployment of leverage Technically complex strategies which rely on multiple trade legs Distressed investing: Current cycle is attractive for distressed investing Distressed assets and
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Convertible Bonds
Wednesday, 03 December 2008 | 12:00 am
An opportunity exists today for a long only buy and hold strategy. The strategy is vulnerable to further mark to market losses but a strategy of investing in CBs from a credit point of view, as opposed to an equity arbitrage point of view yields interesting opportunities. Things could get cheaper next year, and indeed
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A Currency Call
Tuesday, 02 December 2008 | 5:18 am
Commodity prices are overly depressed. See post 27 Nov 2008, A Quick Macro Overview. Buy AUD, sell USD.
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