Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (54759)	8/22/2006 7:35:04 PM
From: YanivBA	Respond to of 116555

The hedge fund industry prides itself on its "value at risk" (VAR) models. But last month, traders say, some markets moved "six standard deviations" -- in other words, six times the expected range of volatility. The fancy VAR models, based on past experience, failed to predict the actual damage. When Hedging Doesn't Pay Off By David Ignatius Wednesday, June 21, 2006 washingtonpost.com

To: RealMuLan who wrote (54759)	8/22/2006 7:57:43 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Ready To Run Hillary Clinton has emerged from Bill's shadow as a politician in her own right. But if she runs for President, he could hurt as well as help her By KAREN TUMULTY time.com

To: RealMuLan who wrote (54759)	8/27/2006 11:53:10 AM
From: YanivBA	Read Replies (2) \| Respond to of 116555

I think a hedge fund scare is in the making (how many hedge funds are a real Ponzi scheme?): post-gazette.com Failed hedge fund haunts celebrities Tuesday, August 22, 2006 By Ianthe Jeanne Dugan, The Wall Street Journal ------------- In the annals of hedge-fund collapses, Sylvester Stallone is among lucky investors who walked away unscathed -- or so it seemed. In 1997, the actor invested $2.5 million in a private investment partnership called Lipper Convertibles. Four years later, with his statements showing the investment had swelled to about $3.8 million, he cashed out. Fellow actor John Cusack also walked away with big gains, as did former New York City Mayor Ed Koch and a trust fund for the children of investor Henry Kravis. Now, they are all being sued to give money back. What none realized, according to their lawyers, was that Lipper never made all that money. A portfolio manager had inflated profits by at least 40 percent, Lipper discovered in 2002. "We want all the money to be put back in the pool, so we can divvy it up equitably among all the partners," says Thomas Dubbs, an attorney representing the federal trustee overseeing Lipper. ...