B+
AIG's 10(b) 5 Fraud, And Goldman's CDO Collateral Calls
Submitted by Tyler Durden on 06/27/2009 17:24 -0500Recently uncovered critical documents disclosing details about AIG's CDO portfolio and collateral calls, indicate that during a December 5th conference call with Investors, Joe Cassano, famous for singlehandedly destroying capitalism and forcing most financial companies to be subsidized by US taxpayers in perpetuity, as well as then CEO Martin Sullivan, effectively commited 10(b) 5 fraud by misrepresenting material company conditions.
RenTec's RIEF/B Is Now Toe To Toe With S&P At 1.37% MTD For Both
Submitted by Tyler Durden on 05/15/2009 21:20 -0500After posting a deplorable relative performance in the first week of May, Simons' REIF is now matched with the S&P at 1.37% for both MTD. Did J.S. finally turn to the dark side and start buying SPY? If so, who is the marginal buyer left now that everyone is just a little pregnant.
RIEF/B Underperforms S&P By 8.3% In First Week Of May
Submitted by Tyler Durden on 05/09/2009 00:05 -0500Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.
RIEF/B Underperforms S&P By 8.3% In First Week Of May
Submitted by Tyler Durden on 05/09/2009 00:05 -0500Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.
RIEF/B Underperforms S&P By 8.3% In First Week Of May
Submitted by Tyler Durden on 05/09/2009 00:05 -0500Combined with the 18.7% underperformance for the month of April, RenTec's external fund is
now down 27% versus the S&P since April 1.
RIEF/B Underperforms S&P By 18.7% In April
Submitted by Tyler Durden on 05/01/2009 00:05 -0500Also the quant fund has underperformed the S&P by 14.3% YTD. Oddly Medallion manages to dodge the land mines.
D.B. Zwirn: RIP
Submitted by Tyler Durden on 04/29/2009 11:56 -0500Bloomberg reports that the former bastion of massively mismarked distressed loans and crazy CDS trades, DB Zwirn is to be taken over by Fortress Management. And by taken over we mean liquidated.
Phrase Of The Day: Last Nail In The Coffin Of ... a) US Autos; b) Ken Lewis
Submitted by Tyler Durden on 04/23/2009 17:16 -0500S&P is out with a report which basically says car scrappage will be the new black... At least for autos. From a report just released, S&P sees a 13.6 million SAAR... in 2011!
Global Downturn In Auto And Truck Industries To Continue Through 2009, Reports Say
Berkshire Class B Set To Open Much Lower
Submitted by Tyler Durden on 03/02/2009 14:22 -0500BRK/B Indicated $2,200-$2,400 as market is about to open after closing at $2,564
Ukraine Debt Rating Cut To B from B+ By Fitch
Submitted by Tyler Durden on 02/12/2009 17:38 -0500Fitch Ratings-London-12 February 2009: Fitch Ratings has today downgraded Ukraine's Long-term foreign and local currency Issuer Default Ratings to 'B' from 'B+'. This reflects increased risk of a banking and currency crisis in Ukraine, due to intensified stress on the financial system and greater risks to successful implementation of Ukraine's IMF-supported programme. The Outlooks on both IDRs are Negative. The agency has also downgraded the Country Ceiling to 'B' from 'B+'. The Short-term foreign currency IDR is affirmed at 'B'.
