Monday links: double dose of fees

11Feb08

Where are the hedge fund blowups? (breakingviews/WSJ.com)

“(F)und of hedge fund investors seems to be paying a double dose of fees for sub-par performance.” (FT Alphaville)

Funding hedge fund startups is harder than it looks. (WSJ.com)

The drag of reduced short interest rebates on 130/30 funds. (Deal Sleuth via Kirk Report)

The “smart money” is positioned for a recession. (Humble Student of the Markets)

Asset class correlations evolve over time. (Capital Spectator)

Trading in a world of higher correlations. (Minyanville.com)

Has the fire sale in leveraged loans begun? (WSJ.com, Financial Week)

Not much upside in the 30 year Treasury bond. (Accrued Interest)

“The price of avoiding deflation, may be a bond market meltdown.” (FT Alphaville)

Market dislocations make munis look attractive. (WSJ.com, InvestmentNews)

Is Yahoo! (YHOO) really (and truly) undervalued? (MarketBeat)

TheStreet.com diversifies onto MainStreet.com, while Cramer melts down. (Silicon Alley Insider, Market Movers, Howard Lindzon)

Stop with all the predictions. (Chris Perruna)

A not so happy anniversary of the IPO of the first alternative investment manager in the U.S. (NakedShorts)

Is “collective money management” a fad or an enduring model? (All About Alpha)

The future of the monolines. (Market Movers)

A change to the Dow and a contrary signal on oil prices (and oil stocks). (Floyd Norris)

How does this “economic crisis” compare to prior developed market economic crises. (Big Picture, ibid)

“(N)ot only does housing usually lead the economy into recession, but housing is usually an engine for recovery as the economy emerges from recession.” (Calculated Risk)

The geography of recession. (Economist.com)

Do presidents matter to the economy? (Curious Capitalist)

“No story of improper risk pricing would be complete without a government funded buffer fund to soak up undesirable pricing signals that might actually reflect risk.” (Going Private)

“Calling a transparent, structured portfolio an index does not make it passive.” (IndexUniverse.com)

Fast driving and fast trading are related. (NYTimes.com)

An interview with one of our favorite personal finance columnists. (IndexUniverse.com)

March Madness is (thankfully) coming to an Internet-connected device near you. (Silicon Alley Insider)

Thanks again to those of you who have supported Abnormal Returns in the past. The tip jar remains open to donations.

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