Tuesday links: clever investors

15Jan08

The Fidelity Magellan Fund (FMAGX) is re-opening after a decade. Should you invest? (WSJ.com, Morningstar.com)

Why isn’t the bond market indicating higher inflation, as measured by the spread between nominal Treasury notes and TIPS? (Marketwatch.com)

Little surprise that retail sales came in weaker than expected. (Big Picture)

With few exceptions hedge fund managers should, “..let your performance do the talking.” (Going Private)

“What today’s clever investors have noticed is that the law requires them to disclose only when they control more than 5 percent of the vote, not 5 percent of the economics in a company.” (NYTimes.com)

How much might eventually be placed in 130/30 programs? (All About Alpha)

Is the ETF industry growing too fast for its own good? (TheStreet.com, ibid)

“(T)he LBO loan market meltdown is more of a distraction than a threat for Wall Street.” (breakingviews.com via DealBook)

CCBs (capital-challenged banks) desperately seeking SWFs. (DealBook)

Oh the irony of hedge funds getting “activist” on a publicly traded hedge fund firm. (Deal Journal)

How a hedge fund made a small fortune betting against the housing bubble. (WSJ.com)

The controversy over ‘dividend recaps‘ is bound to increase as the economy weakens. (Deal Journal)

Are currency funds the best way to obtain diversification away from the U.S. dollar? (Morningstar.com)

It’s easy to get angry at the markets. And the consequences of doing so can be just as painful.” (FT.com)

Beware of complex trading strategies from “gurus” that require constant monitoring. (Daily Options Report)

The current state of bond market risk premiums. (Crossing Wall Street)

The TED spread is at it lowest level in four months. (Bespoke Investment Group)

Fed funds rate predictions. (Calculated Risk)

The “Greenspan-Krugman Consensus” is for a recession this year. (Mankiw Blog)

Five “sure bets” for the New Year. (IndexUniverse.com)

“Steve Jobs is one powerful dude.” (Silicon Alley Insider)

Excerpts from Tim Harford’s new book, “The Logic of Life.” (Slate.com)

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