Wednesday, October 1, 2008

A Case For Domestic Hedge Funds In India

A few months back, I had the opportunity to read V. Umakanth's working paper on hedge fund regulation in India (available on Mondaq and Hedge Fund Law Review)...

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Saturday, July 26, 2008

On a lazy July afternoon

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Tuesday, July 22, 2008

US Sub-Prime Crisis and its effect on India


US Subprime Crisis and Its Effect On India

From: ashishnangla, 19 hours ago





US Subprime Crisis and Its Effect On India.

By Ashish Nangla & Jeetendra Singh

Course: ITM, Executive MBA Batch 13B.
Subject: Macroeconomics
Prof: Dr. Gulnar Sharma


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Wednesday, July 16, 2008

Seeing Oil Bubble, a Contrarian Bets on an Indian Airline

clipped from www.nytimes.com

Seeing Oil Bubble, a Contrarian Bets on an Indian Airline

To that end, his firm, W.L. Ross & Company, which has an estimated $7.9 billion in assets under management, has bought stakes in railroad freight companies in Europe. It is looking at refineries, gas station chains and even the struggling United States airline industry.

On Tuesday, SpiceJet said that Mr. Ross’s firm would invest 3.45 billion rupees, or $80 million, in the company, a three-year-old, low-cost airline whose stock has dropped more than 50 percent this year. Mr. Ross will take a seat on SpiceJet’s board and said he could invest more if necessary. SpiceJet’s shareholders include the Dubai investment company Istithmar and banks including BNP Paribas, HSBC and UBS.

Opinions in the market are sharply divided. In May, the Goldman Sachs oil analyst Arjun N. Murti said oil might hit $200 a barrel in the next two years, while economists at other banks, like Lehman Brothers, are predicting that prices will drop.

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Hedge fund manager offers plan for Fannie, Freddie

clipped from www.eubankers.net
Hedge fund manager offers plan for Fannie, Freddie


Hedge fund manager William Ackman laid out a plan on Tuesday to restructure mortgage finance companies Fannie Mae and Freddie Mac as more investors expressed doubts about the government's proposal to prop up the battered institutions.


Ackman, who runs New York based hedge fund Pershing Square Capital and is known for betting big against bond insurers, said his plan would effectively recapitalize the two companies, leaving them with a healthier mix of equity and debt.

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Tuesday, July 15, 2008

Hedge Funds Subpoenaed in SEC Probe

clipped from online.wsj.com

Hedge Funds Subpoenaed in SEC Probe


By Kara Scannell and Jenny Strasburg


Word Count: 509
|  Companies Featured in This Article: Lehman Brothers Holdings

The Securities and Exchange Commission has sent subpoenas to more than 50 hedge-fund advisers as part of its investigation into whether individuals spread false rumors to manipulate shares of two Wall Street firms, a person familiar with the matter said.

The subpoenas, sent as recently as Monday, are seeking trading and communications data related to short-selling and options trading in Bear Stearns Cos. or Lehman Brothers Holdings Inc., this person said. Some of the hedge-fund advisers have received subpoenas related to both probes, while others were contacted with respect to only one, this person said. A hedge-fund adviser can operate ...


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SEC Curbs Shorting of GSE Stocks, Considers Limits for Wider Market

About time?
clipped from online.wsj.com

SEC Curbs Shorting of GSE Stocks, Considers Limits for Wider Market


By Kara Scannell


Word Count: 348
|  Companies Featured in This Article: Fannie Mae, Freddie Mac, Lehman Brothers, Goldman Sachs, Merrill Lynch, Morgan Stanley

WASHINGTON--The Securities and Exchange Commission announced an emergency action aimed at reducing short-selling that targets Wall Street brokerage firms as well as Fannie Mae and Freddie Mac, and will immediately begin considering new rules to extend new requirements to the rest of the market.

SEC Chairman Christopher Cox said the SEC would institute an emergency order requiring any traders to pre-borrow stock before shorting Fannie Mae and Freddie Mac, the ...


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