What next after Lehman's?
-
Soros Say Two-Thirds Of Hedge Funds Will Sink
October 29, 2008Last week, GLG Partners co-founder Emmanuel said that he expected as many as one-third of hedge funds to close their doors. George Soros is doing him a third better.
Speaking at the Massachusetts Institute of Technology, the Soros Fund Management chief said that the hedge fund industry could shrink by as much as two-thirds, one of the more pessimistic appraisals of an industry in crisis.
"The hedge fund industry is going to move through a shakeout," Soros said. "In my estimation, it will be reduced in size by anywhere between half and two-thirds."
-
If you are invested in hedge funds related products....
-
Originally posted by AndrewPKYap:
I hate them, yes hate them, for persecuting Dr Chee Soon Juan and especially my ex-classmate... all she did was to join the law society when Dr Francis Seow was president and she got it from them. She was in the legal aid committee, for heaven's sake. They are big time assholes... and of course I disagree with many of their policies, which I see as self serving (for party, relatives, cronies) at the expense of the majority.
But because I never personally kenna from them, hahaha all I do is curse them. If my curses work, well that's just too bad for them, hahaha...
hate.....that's a strong word. would you think that it cause you to misjudge? i have think that you make good comment and views but abit too extreme -
for the normal citizen, the next thing could be credit cards related finanical difficulties
-
Your honor,
and Gentlemen, at this junction, i seek a recess to determine what is gambling and what is investment.Gambling is a chance, u dun need much knowledge or background of the game, just chip in and by pure luck you win and by pure bad luck you lost. You got no idea what the turn out will be. And when you won, most likely you go back to bet for more or spend it on some luxurious goods or dinning. And when you lost, you go back not blaming any one, cos you got no one to blame but yourself.
Investment is not by chance, there is a knowledge and history behind every invest products, you need to study it and get the best out of it, it depend on some luck too, but mostly on your good foresight and understanding of how the product or stock move. When you won, you usually keep the profit or reinvest in other stocks, when you lost, you start to blame the markets or people who asked you to invest but most importantly you get smarter.
Only one thing that is common for both gambling and investment, that is greed.
doesnt the relation manager say it was very very low risk?
considering the way many old retirees withdrew their money from the fixed deposit n invest into lehman minibonds. dont you see they could be force into submission? force selling should not be use by this relationship manager.
By the way, if there isnt any wrong doing, LKY, LHL, MAS, or even banks themselves, would not have come out and make partial compensation to burn investors.
Do you see any investors from the fail "ferrochina", sueing OCBC securities for providing misguiding financial standing of the company? you dont, that i would say, is not miss selling.coz they only give a " buy" rating, they never persuade or exert pressure for investor to buy.
I am saying no casino advertise" sure win" , if they do, we can quote them as " mis selling" too isnt it. " terms and condition apply!
-
i still sceptical about singapore property stocks especially the smaller developers, coz these developers doesnt have rental incomes as basic and with these gloomy situation, they can delay launching but how long can they delay with banks chasing their heels for interest payment and loans due date coming.
on the other hand, property counter like City Dev, Keppland, Cap Land are good bet coz their gearing is low( low debt and high cash) + these company has good rental income that is almost gurantee for 2-3 years which should see them thru these years of crisis.
-
USA
AIG is still a big problem.
Auto industry is still a big question.
Fed running out of ammo( interest rate almost 0.)
oil prices will probably rise! thus causing raise in commodity price and putting extra pressure for inflation.
-
Of course the serious problems are still there and here too... these kind of things need time to play out. Management do not act so fast, they will retrench people but they will not do it overnight.
There is also a very high possibility that OPEC can push up the price of oil.
-
You need to have a time frame of 5-10 years. Not 5-10 months.