October 16, 2008
A few people have asked, so here is my (very) simple hedge fund outflow model. I think it is fairly conservative, but the assumptions are obviously key and open to wide disagreement. In essence, I'm aging hedge fund inflows and...
Some quick links to items of interest: Defaults coming in Brazilian agriculture (EMII) The Subprime Panic (SSRN) Peer-to-peer lending hits a hurdle (NYTimes.com) American's largest asset managers (EMII) Highland funds totalling $1.5-bllion to shut (Bloomberg) Credit Suisse/Tremont Hedge Fund Index...
News that Citadel Capital has had its worst year ever should be final confirmation, if needed, that the great hedge fund unwind is underway. If Citadel can't navigate the current year, then a good bet is that most current funds...
Staggering stuff going on tonight in Asian markets, with the Nikkei off 10.5%, taking it back to levels last seen when Ronald Reagan was in the White House. Equally interesting, in a macabre way, is how the Nikkei and Dow...
A dystopic email comment from my very smart friend Jeff Norman of Alpha Centauri Capital Management here in San Diego: Here's my prediction as to what will happen: If you played by the sensible financial rules all your life, saved...
