Friday links: CDO haircuts

06Jul07

Add the Economist.com which gives the private equity industry, and its potential financial and political problems, a going over to the magazine cover indicator file.

Daniel Gross at Newsweek.com on the fact that KKR is now a second-tier private equity firm and has been passed up by more aggressive players.

All About Alpha on how a recent transaction may represent a sea change in how investors look to private equity deals.

Greg Newton at NakedShorts on when and how much the riskier CDO tranches should have been marked down.

James Altucher at TheStreet.com is currently “disgusted” with hedge funds and suggests a way out.

Jenny Anderson in the New York Times thinks the publicly traded hedge fund boom is decidedly different from the dot-com boom, in short because hedge funds make money.

Aaron Lucchetti and Alistair MacDonald at WSJ.com on the exchange merger wave and the push to invent new more lucrative products.

The Economist.com on the “bounce” Fannie Mae and Freddie Mac are experiencing in light of the subprime mortgage mess.

Gwen Robinson at FT Alphaville notes the “haircut” on mortgage-related CDOs are increasing at prime brokers.

Randall W. Forsyth at Barrons.com is on contrarian alert – everyone hate the Japanese yen.

What is the “Big Mac Index” telling us about relative currency valuations. (via Economist.com)

The Canadian dollar is at a 30-year high against the U.S. dollar. Parity not far away. (via Globe & Mail)

Michael R. Sesit at Bloomberg.com on the current attraction of big U.S. multinational stocks.

Bespoke Investment Group breaks down US sector valuations and country P/E ratios.

CXO Advisory Group on research showing equity market predictability emerges during economic recessions.

Is the housing recession beginning to spillover into the broader economy. (via Calculated Risk)

Jeff Miller at A Dash of Insight on professional forecasts and the prospects for inflation.

Bess Levin at DealBreaker.com on hedge fund overcrowding and a sense of entitlement.

Deal buzz surrounds the now hot Facebook.com. (via DealBook)

The Economist.com on the debate surrounding the true cost (and value) of renewable energy sources, like wind power.

Tyler Cowen at Marginal Revolution on research showing the “importance of early life for economic outcomes.”

Adam Warner at the Daily Options Report picks his favorite greatest hits CD…and something about options as well.

Barry Ritholtz at the Big Picture on the fact that CD prices are still overpriced despite a long series of sales declines.

For those of you new to Abnormal Returns, you can stay up-to-date with all of our posts via our feed.

Advertisements


%d bloggers like this: