The current fallout associated with DB Zwirn is causing a renewed focus on both mark-to-market practices and, by association, pay-for-performance practices. The way it’s being depicted in the media it’s almost as if someone woke up and realized, "Hey, if hedge funds have illiquid investments kind of like private equity firms, then shouldn’t they get paid like private equity firms (e.g., upon realization)?"
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The blog for Dr. Brett’s new book which ‘consists of very practical, user-friendly lessons that will show traders how they can use time-tested psychological techniques to advance their learning curve, improve their performance, and effectively deal with t…
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Markets to focus on ECB and BoE monetary policy announcements.…
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Mary Williams Walsh, in the NYT, has a good investigation of US Sugar, and the way that its managers seem to be enriching themselves at the expense of their employee-shareholders. It is unfortunate, however, that one sentence, buried in her copy, made it into the photo caption at the top which everybody reads:
In Clewiston, Fla., U.S. Sugar was known as a good citizen. But after Nafta, the company changed as it rushed to lower its costs.
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In a follow-up from a posting last week, Terrapinn’s Quant Invest 2008 folks in London just completed a survey of the institutional investment intentions of 120 pensions, endowments, insurance companies and family offices. Right in the middle at 63% is, you guessed it, 130/30……
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This week set one specific outcome in motion: price hikes equals inflation. We saw several major producers announce price hikes, and that is on the heels of other price hikes elsewhere that have been announced since the first of the year. Last weekend we noted how rates were pricing in a 100 basis point rise by the end of next summer. We also noted how CPI actually looked ok earlier in May, so long as you don’t count food and groceries and other staples. This week it was none other than Dow Chemical Co. (NYSE: DOW) that kicked things off…
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The mortgage crisis is bad and getting worse. The latest evidence suggests that any bottom in real estate is some ways off in the future:"Newly delinquent mortgage borrowers outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help homeowners avoid default may be failing.
In April, 73,880 homeowners with privately insured mortgages fell more than 60 days late on payments, compared with 39,584 who got back on track, a report today from the Washington-based Mortgage Insurance Companies of America said. Mortgage insurers pay lenders when homeowners default and foreclosures fail to cover costs.
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Interest rates in Australia will be on hold amid a slowing economy.…
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By: BHARAT RATNA
Inflation is a rise in general level of prices of goods and services over time. Although "inflation" is sometimes used to refer to a rise in the prices of a specific set of goods or services, a rise in prices of one set (such as food) without a rise in others (such as wages) is not included in the original meaning of the word. Inflation can be thought of as a…
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Aditya Rao
It’s been staring you in the face everyday and yet you don’t know what it does. One of the most overlooked facets of the Indian telecom market is the amount of money cell phone agencies, operators and companies make of the short messaging service (SMS).Even more astounding is the way TV channels and telecom operators work together to generate amazing amounts of revenue through the…
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By: Bharat Ratna
L&T announces 1:1 bonus
Net jumps 55 p.c. to Rs. 2,173.42 cr. in 2007-08
Recommends a final dividend of Rs. 15 per share
A.M Naik
A. M. Naik (left), Chairman and Managing Director, and V. M. Deosthalee, Chief Financial Officer, L&T, addressing a press conference in Mumbai on Thursday
L&T bets on growth
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Rare offerings by Garet Garrett, Raymond de Roover, Jerry Kirkpatrick, and Wilhelm Roepke (one with an intro by Hayek!), all in free literature. …
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Yesterday, I mentioned in passing a fabulous cover story from a 1962 Time magazine. While these sorts of contrary indicators are subject to interpretation, they are worthwhile to those who can properly interpret them, as they can provide insight that is not readily available elsewhere.
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A shift in concern from recession to inflation is premature.…
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It may be the first bad news ever about the Apple (AAPL) iPhone, It is certainly good for RIM (RIMM), the maker of the Blackberry, According to research firm IDC, the iPhone lost smartphone market share in the US during the first quarter. Reuters writes “According to the report Rim’s share of the U.S. market for advanced phones with computer like features such as e-mail rose to 44.5 percent in the first quarter from 35.1 percent in the fourth quarter while iPhone’s share fell to 19.2 percent from 26.7 percent in the fourth quarter.” Motorola’s (MOT) share fell from 7.5%…
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