funding

Quoted: There are two forms of exotic beta. 1) Apply "normal" strategies to "exotic" assets like investing in Namibian and Mongolian equities, timber, shipping freight, wine, uranium, art, movies, violins or footballers. Or 2) apply "exotic" strategies to "normal" securities with new trading styles and finding arbitrages in traditional markets. Personally I prefer alternative strategies for any security ("normal" or "exotic") but then as a risk averse, conservative investor I am not prepared to speculate on traditional OR exotic beta. They are too hazardous for my risk tolerance. Alpha is safer.

Quoted: The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.

Quoted: The top 25 managers earned, on average, $877 million in 2007, up from $532 million in 2006.
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This "may well prove to be the greatest display of individual wealth creation in any year in the modern history of finance," Alpha said in the note.

Quoted: In the post, Twitter cofounder Biz Stone also talks about their aspirations to become a communications utility, and not to worry about the business model too much until their infrastructure is stable.

ข้อมูลและรายละเอียดเกี่ยวกับกองทุนรวมอสังหาริมทรัพย์สนามบินสมุย รวมถึงผลการวิเคราะห์และผลการดำเนินงาน

James Surowiecki wrote a great piece for The New Yorker on how misaligned hedge-fund manager compensation is.

Quoted: The New Yorker

Quoted: ETFs, which have exploded onto the investing scene over the past few years, are basically index mutual funds with one hugely important difference. They trade during the day. By that I mean their price changes constantly throughout the day, based on what buyers and sellers are willing to pay at any given moment while the stock market is open.
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Actively managed funds have a whopping tragic flaw. When you buy actively managed fund shares, you literally inherit all the capital gains that fund owns. That means you could invest on Monday, and if on Wednesday the fund made a capital gains distribution, you would be stuck paying the tax on the distribution even though you didn't own the shares long enough to enjoy any of that gain.

Quoted: Consider this a rumor at this point.
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If true, that would give Facebook a $750 million war chest, which is more than most companies make in an IPO. That should be more than enough to pay for those 700 employees next year.

Sad!

Quoted: After learning last week that city funding for the Cascade People's Center is not being renewed, program director Myla Becker said the center will have to shut down at the end of the year...