HowWilltheU.S.StressTestsImpactAsia?byEnziovonPfeil
ThisweekshouldseepreliminaryresultsontheUSStresstestsfor19banks.WhatistheviewfromAsia?(Ihavetakensomeofmyviewsbelowfromtoday'sBloomberg("U.S.OfficialsSignalNoNeedforMoreTARPFundsFromCongress",byTimothyHomanandRobertSchmidt.)Releasedatesofthestresstests:ThemethodologybehindthestresstestsarescheduledforreleaseonFriday,24thApril,intheformofawhit...[阅读全文]
子夜读书心筆
写日记的另一层妙用，就是一天辛苦下来，夜深人静，借境调心，景与心会。有了这种时时静悟的简静心态， 才有了对生活的敬重。
博文
(2009-04-20 21:10:45)
(2009-04-20 21:08:07)
TheNatureoftheCurrentMarketRebound--BorisSobolev
Inobservingthecurrentstockmarketrally,stocksleadingthewayarenotthehighqualitycompanieswithsolidbalancesheetsandgoodprospectsforgrowthbutarethemostbeatendowntroubledentities.Weareconfidentthatthisisnotaninvestors’rallybutratheratraders'reboundwheremuchoftheupsidevolumeisduetoshortcovering.Thebankingsectorhasbeentheunquestionableleaderinthereboun...[阅读全文]
(2009-04-20 20:53:38)
Demandforhedgefundswillreturnpost-crisisByRitaRaagasDeRamos|21April2009
AstudybyTheBankofNewYorkandCasey,Quirk&Associatesshowsinstitutionalinvestorsarecommittedtoinvestinginhedgefunds.
Hedgefundassetsareexpectedtobottomoutataround$1trillionthisyear.However,capitalappreciationandanestimated$800billioninnetinflowsoverthenextfouryearsareexpectedtopushgloballevelsto$2.6trillionby2013.Allth...[阅读全文]
AstudybyTheBankofNewYorkandCasey,Quirk&Associatesshowsinstitutionalinvestorsarecommittedtoinvestinginhedgefunds.
Hedgefundassetsareexpectedtobottomoutataround$1trillionthisyear.However,capitalappreciationandanestimated$800billioninnetinflowsoverthenextfouryearsareexpectedtopushgloballevelsto$2.6trillionby2013.Allth...[阅读全文]
(2009-04-20 20:42:55)
FindingtruemarketvalueremainsachallengeByRitaRaagasDeRamos|21April2009
Anyexpectationofaglobalequitymarketrecoveryinthesecondhalfof2009istoooptimistic,saysAberdeenfundmanagerJamieCumming.
JamieCummingisanEdinburgh-basedseniorinvestmentmanagerontheglobalequitiesteam.JamiejoinedAberdeenviatheacquisitionofEdinburghFundManagersin2003,wherehewasaninvestmentmanagerontheJapaneseequitiesteam.Previ...[阅读全文]
Anyexpectationofaglobalequitymarketrecoveryinthesecondhalfof2009istoooptimistic,saysAberdeenfundmanagerJamieCumming.
JamieCummingisanEdinburgh-basedseniorinvestmentmanagerontheglobalequitiesteam.JamiejoinedAberdeenviatheacquisitionofEdinburghFundManagersin2003,wherehewasaninvestmentmanagerontheJapaneseequitiesteam.Previ...[阅读全文]
(2009-04-20 20:32:42)
BankofAmericafailstoconvincewith$4.2billionQ1profitByRupertWalker|21April2009
BankofAmericareliesontradinggainsatMerrillLynchasloanlossesmount.
BankofAmericayesterdayannouncedareturntoprofitabilityforthefirstquarterof2009,buthadtorelyonthebrokerageunitatcontroversiallyacquiredMerrillLynchformostofitsgains.Meanwhile,lossesonthebank'sloanscontinuetoincrease,forcingittoraiseprovisions.
Th...[阅读全文]
BankofAmericareliesontradinggainsatMerrillLynchasloanlossesmount.
BankofAmericayesterdayannouncedareturntoprofitabilityforthefirstquarterof2009,buthadtorelyonthebrokerageunitatcontroversiallyacquiredMerrillLynchformostofitsgains.Meanwhile,lossesonthebank'sloanscontinuetoincrease,forcingittoraiseprovisions.
Th...[阅读全文]
(2009-04-20 20:24:04)
ChinaCreditBoomSpursConcernByJASONLEOWinShanghaiandANDREWBATSONinBeijingChina'sgovernmentisconsideringmeasurestoregulatethetorrentofbanklending,arisingfromconcernsthatmuchofthecreditsurgethathashelpedkeeptheeconomygrowingcouldbewasted.AseniorofficialatalocalbranchoftheChinaBankingRegulatoryCommissionsaidthecommissionisconsideringrulesaimedatensuringthatloansgototherealeconomy,suchasgovernmentstimu...[阅读全文]
(2009-04-20 20:15:34)
【名家访谈】与流动性共舞：7位顶级私募2009年投资之道每到年初，《巴伦周刊》都要举办圆桌会议，邀请一些成绩卓越的投资人讲解投资经验，《证券市场周刊》将这一投资界优秀传统带入中国资本市场。3月31日，7位国内顶级私募基金经理聚首深圳，参加本年度的《证券市场周刊》圆桌会议，主题是经济走势、流动性、通货膨胀，当然，还有投资策略及对价值投资的理念。[阅读全文]
(2009-04-20 19:11:15)
MarketDiary(April21,2009)---ABustNightforEveryoneAsdiscussedyesterday,itlookslikethelongawaitedcorrectionhasbegunandmostofmyconcerningfactorsmatured.USmarketscamedown4.3%ledby1)thebiggestdropinfinancials(BOA-21%,Citi-19%,BKX-15%)asconcerngrewthatcreditlossesareworsening,while2)weakergrowthoutlook(MarchLEI-0.3%)andlowercommodityprice(Crude-7.55%,CRYindex-4%)draggeddownenergyandmaterialstocks.Inaddi...[阅读全文]
(2009-04-19 21:36:40)
Portfolioconstructionintheaftermathofthecrisis
Thebiggestlessontobelearnedfromtheglobalfinancialcrisisisthegreaterawarenessoftheimpactofriskonanyinvestment.Whethertheappreciationforriskwillremainwellbeyondtheendofthecrisis--wheneverthatmaybe--remainstobeseen.ShaneOliver,Sydney-basedheadofinvestmentstrategyandchiefeconomistatAMPCapitalInvestors,highlightstwokeypointsfromtheglobalfinancialcrisis...[阅读全文]
Thebiggestlessontobelearnedfromtheglobalfinancialcrisisisthegreaterawarenessoftheimpactofriskonanyinvestment.Whethertheappreciationforriskwillremainwellbeyondtheendofthecrisis--wheneverthatmaybe--remainstobeseen.ShaneOliver,Sydney-basedheadofinvestmentstrategyandchiefeconomistatAMPCapitalInvestors,highlightstwokeypointsfromtheglobalfinancialcrisis...[阅读全文]
(2009-04-19 21:32:21)
RiskappetitereturningtoinvestorsByRitaRaagasDeRamos|20April2009
However,assetallocatorsarestillunderweightequities,indicatingtheyhavenotfullyembracedtheideaofanewbullmarket,saysMerrillLynch.
InvestorssurveyedbyMerrillLynchhavebecomemoreoptimisticabouttheglobaleconomy,causingriskappetitetoincreasefurther.Optimismaboutglobaleconomicgrowthhasreacheditshighestlevelsinceearly2004.Anet26%ofrespo...[阅读全文]
However,assetallocatorsarestillunderweightequities,indicatingtheyhavenotfullyembracedtheideaofanewbullmarket,saysMerrillLynch.
InvestorssurveyedbyMerrillLynchhavebecomemoreoptimisticabouttheglobaleconomy,causingriskappetitetoincreasefurther.Optimismaboutglobaleconomicgrowthhasreacheditshighestlevelsinceearly2004.Anet26%ofrespo...[阅读全文]
