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Opalesque Exclusive: The Quants are back - told they should diversify, use enhanced proprietary models and better risk management at QuantInvest (day 1)

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  1. Legal - Investors sue ThinkStrategy Capital Management for fraud, Cornering Rajaratnam rekindles 1985 Dennis Levine case, An overview of the setbacks that dogged the administrators of Lehman in Europe[more]

    Investors sue ThinkStrategy Capital Management for fraud From Hedgeco.net: Hedge fund and FoHF manager, ThinkStrategy Capital Management LLC, is being sued by investors Benjamin Schwarz, Christina Schwarz and Daniel Schwarz for fraud. Founder and manager Chetan Kapur is also being sued i

  2. Opalesque Exclusive: The story of Izzy Englander and how Millennium is adjusting to the times[more]

    Benedicte Gravrand, Opalesque London: Israel (Izzy) A. Englander, a famed trader who founded the investment management firm Millennium Management LLC in 1989, has nearly 40 years of experience in dealing with securities and derivatives. Normally media-shy, he nevertheless accepted to talk t

  3. Penjing A. M. and Triple A in joint venture, existing seeding fund to be renamed Penjing Triple A Partners Emerging Managers Fund[more]

    Penjing Asset Management Limited ("Penjing") and its wholly owned subsidiary, Penjing Asset Management (HK) Limited (collectively, "Penjing Asset Management"), announced that they have entered into a joint venture agreement with Asia Alternative Asset Partners Ltd ("Triple A Partners") and its affil

  4. Outlook - Blackstone's Byron Wien predicts top ten surprises for 2010[more]

    Byron R. Wien, Vice Chairman, Blackstone Advisory Services, today issued his list of the Ten Surprises for 2010. This is the 25th year Byron has given his predictions of a number of economic, financial market and political surprises for the coming year. He started the tradition in 1986 when he was t

  5. "Volatility can make your P&L smile": Most prudent traders will always be long “the wings” and long “teenies” which means having long positions in far out of the money options that are nearly worthless but can be become very valuable once markets start to become erratic.[more]

    Most prudent traders will always be long “the wings” and long “teenies” which means having long positions in far out of the money options that are nearly worthless but can be become very valuable once markets start to become erratic.

Premiums associated with liquid asset vs. Illiquidity related return premiums

Francois-Serge Lhabitant, Andrew E. Fisch, Christian Roeckemann
An outline of the issues discussed will include:

  • Art? Science?: How are liquidity and illiquidity premium being measured - pricing and valuations
  • Source: Are the returns commensurate to the “risk” being borne?
  • Strategic and tactical policy portfolio allocations based upon asset liability management
  • Is there an aversion to illiquid assets - place in a policy portfolio?
  • Investing in illiquid assets - does it lend itself to diversification - in the short term? In the long term?
Jan, 18 2010 (16.00 Swiss Time) (10.00 EST) | Register Now
Canada Roundtable: Going beyond Commodities Beta

Opalesque Round Table

In the last 6 months, the make-up of the Canadian hedge fund industry and the AUM distribution per strategy has markedly changed. Un-levered AUM allocated to fixed income is probably touching 40%, and still increasing.

But even within the resource sector, there are still abundant and unique opportunities. Read about the maturation of the Canadian marketplace, as well as:

  • Who are the new players and strategies coming out of Canada?
  • Opportunities in commodities, credit and energy trusts
  • How to capture alpha from the resource markets – going beyond commodity beta
  • Lessons from 2008 and strategies to understand uncompensated investment risks
With:
  • Abdalla Ruken, Chief Risk Officer, Polar Securities
  • Aleksander F. Weiler, CFA, External Portfolio Management, Canada Pension Plan Investment Board (CPPIB)
  • Barry Allan, President, Marret Asset Management
  • Brian Trenholm, CFA, Managing Director, Salida Capital
  • Gary K. Ostoich, CAIA, President, Spartan Fund Management and AIMA Canada Chairman
  • George I. Main, CEO, Diversified Global Asset Management (DGAM)
  • Jason Marks, CEO and CIO, GMP Investment Management
  • Lionel deMercado, Managing Director, Global Head of Equity Finance, TD Securities

A SQUARE Faculty
Rosemount Global Trade Finance Fund

Faculty Gary A. CorrTrade finance - deals originated in the more developed, stable emerging global economies with the portfolios current accent being Eastern Europe and Latin America

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AMB Editor

Opalesque Exclusive: GEM's Emerging Value Opportunities Fund down 13% in November (10.3% YTD) due to new Bahamas rules and Dubai crisis
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A SQUARE: Investing in shipping

Transportation

The state of the shipping industry and portfolio diversification with shipping stocksRead More

DAX – Weeklygraph

Intermediate Trend (3 months): Positive Monday’s Close: 60190 (+ 340) UPDATE: It has been nearly seven months since we noted the Inverted Head and Shoulders pattern. As of the week of July 20, the upside breakout, above the pattern, confirmed the market had moved well above the neckline. Five months ago, we called for a measured move toward the 62000 region. The market traded to 60360 this week, following a dip eight weeks ago, which we questioned at the time, “Is this a dip to buy?” Turns out it was, as the market has now moved within points of our upside objective.