If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!There is a lot going on today with the subprime situation, etc.  So, for the sake of brevity, here are some of the more compelling headlines today …

Dispelling the ‘Bin Laden’ Options Trades [theStreet]
Star fund manager at Janus to […]

Dealbook reports on a couple of new studies that whine about hedge fund manager salaries being out of whack with the rest of the workers in the United States:
Last year, the top 20 hedge-fund and private-equity-fund managers earned more in 10 minutes than United States workers made the entire year, according to a report released […]

Well, times are definitely a changin’.  The SEC continues to monitor the hedge fund industry for fraud and they now have a new rule meant to deal with it.  As the FT reports …
The five SEC commissioners in July voted unanimously to adopt a new rule clarifying hedge fund fraud. It prohibits advisers to investors in […]

Truly, as Percy Walker points out, it is open season on Wall Street types.  It seems that they might not be safe to walk the streets - no less attend spin classes.  Now granted, the victimized investment banker, Stu Sugarman …
“… grunted a lot, admittedly. He war-whooped. He hollered, “Great song!” and “You go, girl,” and […]

I have heard about these hedge fund “meet and greets” before, but this one sounded completely awful.  The Fourth Annual New York Hedge Fund Startup and Business Development Forum  (last year) sounds like a shopping mall for turn-key “solutions providers” hawking their wares with wanna be managers hoping to bump into a high net worth […]

Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended August 24, 2007.  The summer is winding down; folks are planning for one last Labor Day vacation getaway; schools are back in session; the NFL season is upon us.  And, yet, the business news of the day […]

Matthew Rothman at Lehman Brothers recently published a research piece in order to explain why market neutral/statistical equity arbitrage funds were getting trounced in July and August.  In short he concluded that a massive unwind of positions by multi-strategy funds and other forced sellers has caused systemic perverse performance of factor models (i.e., even though […]

With the exception of KKR Financial Holdings LLC’c (ticker: KKN) latest $230 million capital raise (which was actually not an IPO, but a follow on offering), the hedge fund IPO and public market activity seems to have come to a grinding halt.  Word on the street from a number of investment bankers specializing in this […]

So the Fed lowered the enigmatic “Discount Rate”, in an effort to provide liquidity into a floundering system.  I hate to say it, but doesn’t this send a bad message to all market participants along the lines of: “Don’t worry about it.  Keep chasing risky assets and compressing spreads to unreasonable tights.  If we have […]

Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended August 17, 2007.  What’s the best way to ruin a vacation…more negative news in the markets.  (On that note…please excuse any typos.)  With the subprime issue now spreading to commercial paper, money market funds, and other more […]

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