HowWilltheU.S.StressTestsImpactAsia?byEnziovonPfeil
ThisweekshouldseepreliminaryresultsontheUSStresstestsfor19banks.WhatistheviewfromAsia?(Ihavetakensomeofmyviewsbelowfromtoday'sBloomberg("U.S.OfficialsSignalNoNeedforMoreTARPFundsFromCongress",byTimothyHomanandRobertSchmidt.)Releasedatesofthestresstests:ThemethodologybehindthestresstestsarescheduledforreleaseonFriday,24thApril,intheformofawhit...[閱讀全文]
子夜讀書心筆
寫日記的另一層妙用，就是一天辛苦下來，夜深人靜，借境調心，景與心會。有了這種時時靜悟的簡靜心態， 才有了對生活的敬重。
博文
(2009-04-20 21:10:45)
(2009-04-20 21:08:07)
TheNatureoftheCurrentMarketRebound--BorisSobolev
Inobservingthecurrentstockmarketrally,stocksleadingthewayarenotthehighqualitycompanieswithsolidbalancesheetsandgoodprospectsforgrowthbutarethemostbeatendowntroubledentities.Weareconfidentthatthisisnotaninvestors’rallybutratheratraders'reboundwheremuchoftheupsidevolumeisduetoshortcovering.Thebankingsectorhasbeentheunquestionableleaderinthereboun...[閱讀全文]
(2009-04-20 20:53:38)
Demandforhedgefundswillreturnpost-crisisByRitaRaagasDeRamos|21April2009
AstudybyTheBankofNewYorkandCasey,Quirk&Associatesshowsinstitutionalinvestorsarecommittedtoinvestinginhedgefunds.
Hedgefundassetsareexpectedtobottomoutataround$1trillionthisyear.However,capitalappreciationandanestimated$800billioninnetinflowsoverthenextfouryearsareexpectedtopushgloballevelsto$2.6trillionby2013.Allth...[閱讀全文]
AstudybyTheBankofNewYorkandCasey,Quirk&Associatesshowsinstitutionalinvestorsarecommittedtoinvestinginhedgefunds.
Hedgefundassetsareexpectedtobottomoutataround$1trillionthisyear.However,capitalappreciationandanestimated$800billioninnetinflowsoverthenextfouryearsareexpectedtopushgloballevelsto$2.6trillionby2013.Allth...[閱讀全文]
(2009-04-20 20:42:55)
FindingtruemarketvalueremainsachallengeByRitaRaagasDeRamos|21April2009
Anyexpectationofaglobalequitymarketrecoveryinthesecondhalfof2009istoooptimistic,saysAberdeenfundmanagerJamieCumming.
JamieCummingisanEdinburgh-basedseniorinvestmentmanagerontheglobalequitiesteam.JamiejoinedAberdeenviatheacquisitionofEdinburghFundManagersin2003,wherehewasaninvestmentmanagerontheJapaneseequitiesteam.Previ...[閱讀全文]
Anyexpectationofaglobalequitymarketrecoveryinthesecondhalfof2009istoooptimistic,saysAberdeenfundmanagerJamieCumming.
JamieCummingisanEdinburgh-basedseniorinvestmentmanagerontheglobalequitiesteam.JamiejoinedAberdeenviatheacquisitionofEdinburghFundManagersin2003,wherehewasaninvestmentmanagerontheJapaneseequitiesteam.Previ...[閱讀全文]
(2009-04-20 20:32:42)
BankofAmericafailstoconvincewith$4.2billionQ1profitByRupertWalker|21April2009
BankofAmericareliesontradinggainsatMerrillLynchasloanlossesmount.
BankofAmericayesterdayannouncedareturntoprofitabilityforthefirstquarterof2009,buthadtorelyonthebrokerageunitatcontroversiallyacquiredMerrillLynchformostofitsgains.Meanwhile,lossesonthebank'sloanscontinuetoincrease,forcingittoraiseprovisions.
Th...[閱讀全文]
BankofAmericareliesontradinggainsatMerrillLynchasloanlossesmount.
BankofAmericayesterdayannouncedareturntoprofitabilityforthefirstquarterof2009,buthadtorelyonthebrokerageunitatcontroversiallyacquiredMerrillLynchformostofitsgains.Meanwhile,lossesonthebank'sloanscontinuetoincrease,forcingittoraiseprovisions.
Th...[閱讀全文]
(2009-04-20 20:24:04)
ChinaCreditBoomSpursConcernByJASONLEOWinShanghaiandANDREWBATSONinBeijingChina'sgovernmentisconsideringmeasurestoregulatethetorrentofbanklending,arisingfromconcernsthatmuchofthecreditsurgethathashelpedkeeptheeconomygrowingcouldbewasted.AseniorofficialatalocalbranchoftheChinaBankingRegulatoryCommissionsaidthecommissionisconsideringrulesaimedatensuringthatloansgototherealeconomy,suchasgovernmentstimu...[閱讀全文]
(2009-04-20 20:15:34)
【名家訪談】與流動性共舞：7位頂級私募2009年投資之道每到年初，《巴倫周刊》都要舉辦圓桌會議，邀請一些成績卓越的投資人講解投資經驗，《證券市場周刊》將這一投資界優秀傳統帶入中國資本市場。3月31日，7位國內頂級私募基金經理聚首深圳，參加本年度的《證券市場周刊》圓桌會議，主題是經濟走勢、流動性、通貨膨脹，當然，還有投資策略及對價值投資的理念。[閱讀全文]
(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...[閱讀全文]
(2009-04-19 21:36:40)
Portfolioconstructionintheaftermathofthecrisis
Thebiggestlessontobelearnedfromtheglobalfinancialcrisisisthegreaterawarenessoftheimpactofriskonanyinvestment.Whethertheappreciationforriskwillremainwellbeyondtheendofthecrisis--wheneverthatmaybe--remainstobeseen.ShaneOliver,Sydney-basedheadofinvestmentstrategyandchiefeconomistatAMPCapitalInvestors,highlightstwokeypointsfromtheglobalfinancialcrisis...[閱讀全文]
Thebiggestlessontobelearnedfromtheglobalfinancialcrisisisthegreaterawarenessoftheimpactofriskonanyinvestment.Whethertheappreciationforriskwillremainwellbeyondtheendofthecrisis--wheneverthatmaybe--remainstobeseen.ShaneOliver,Sydney-basedheadofinvestmentstrategyandchiefeconomistatAMPCapitalInvestors,highlightstwokeypointsfromtheglobalfinancialcrisis...[閱讀全文]
(2009-04-19 21:32:21)
RiskappetitereturningtoinvestorsByRitaRaagasDeRamos|20April2009
However,assetallocatorsarestillunderweightequities,indicatingtheyhavenotfullyembracedtheideaofanewbullmarket,saysMerrillLynch.
InvestorssurveyedbyMerrillLynchhavebecomemoreoptimisticabouttheglobaleconomy,causingriskappetitetoincreasefurther.Optimismaboutglobaleconomicgrowthhasreacheditshighestlevelsinceearly2004.Anet26%ofrespo...[閱讀全文]
However,assetallocatorsarestillunderweightequities,indicatingtheyhavenotfullyembracedtheideaofanewbullmarket,saysMerrillLynch.
InvestorssurveyedbyMerrillLynchhavebecomemoreoptimisticabouttheglobaleconomy,causingriskappetitetoincreasefurther.Optimismaboutglobaleconomicgrowthhasreacheditshighestlevelsinceearly2004.Anet26%ofrespo...[閱讀全文]
