Archive - Feb 22, 2009
Summary Of Q4 Hedge Fund Investing and Holdings Trends
Submitted by Tyler Durden on 02/22/2009 23:55 -0500As the October Volkswagen debacle demonstrated all too well, keeping a tab on crowded hedge fund positions is important to avoid six sigma type blow ups. Furthermore, as hedge funds tend to (generally) be better early indicators of overall market direction, it is useful to keep track of investing trends within the hedge fund community.
Summary Of Q4 Hedge Fund Investing and Holdings Trends
Submitted by Tyler Durden on 02/22/2009 23:55 -0500As the October Volkswagen debacle demonstrated all too well, keeping a tab on crowded hedge fund positions is important to avoid six sigma type blow ups. Furthermore, as hedge funds tend to (generally) be better early indicators of overall market direction, it is useful to keep track of investing trends within the hedge fund community.
Lazard In Trouble, May Be Forced To Resign as Tribune Advisor
Submitted by Tyler Durden on 02/22/2009 21:34 -0500One of the major problems with having relatively few restructuring advisors and a whole slew of newly bankrupt companies, is that sooner or later advisors will trip over their own feet as previously undisclosed conflicts of interest come to light. This is exactly what may soon force Lazard to forfeit over $16 million in revenue it had hoped to generate by advising bankrupt Tribune in its chapter 11 plight.
Expanded Death Watch List: Over $185 Billion In Corporate Defaults Upcoming
Submitted by Tyler Durden on 02/22/2009 19:56 -0500Recently Moody's has been trying hard to atone for its near terminal dropping the ball in misguided ratings over the past decade. One of the byproducts of an internal reevaluation of how it does business is its Speculative Grade Liquidity (SGL) rating system, which supplements the old letter-based risk system, that has for decades split debt-laden companies into Investment Grade and Junk, with assorted gradations.
A brief run down on Moody's SGL rating system:
Expanded Death Watch List: Over $185 Billion In Corporate Defaults Upcoming
Submitted by Tyler Durden on 02/22/2009 19:56 -0500Recently Moody's has been trying hard to atone for its near terminal dropping the ball in misguided ratings over the past decade. One of the byproducts of an internal reevaluation of how it does business is its Speculative Grade Liquidity (SGL) rating system, which supplements the old letter-based risk system, that has for decades split debt-laden companies into Investment Grade and Junk, with assorted gradations.
A brief run down on Moody's SGL rating system:
