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Old 08-31-2009, 03:01 PM
 
12,867 posts, read 14,914,172 times
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Quote:
Originally Posted by Traderx View Post
oh please. So basically you have no answer. Whats wrong couldn't find a blog on the subject? Believe me people like me have no use for people like you and there's absolutely nothing you can do to help us except for showing up for work and keeping your mouth shut.
that is called a baiting post, usually offered when someone has no decent rebuttal.

i also saw another reason we should be concerned about the proliferation of unregulated hedge funds.
Last year may have been the worst ever for the global hedge fund industry, and it’s doubly true for the funds of hedge funds.

The redemption crises that struck many single-manager funds were amplified by the run on funds of funds, which in turn filed their own withdrawal requests with their underlying manager. It’s no surprise, then, that 42 of the 50 largest fund of funds firms in the world saw their assets drop, some dramatically so.

Last edited by floridasandy; 08-31-2009 at 03:20 PM..
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Old 08-31-2009, 06:20 PM
 
975 posts, read 1,754,983 times
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Quote:
Originally Posted by floridasandy View Post
that is called a baiting post, usually offered when someone has no decent rebuttal.

i also saw another reason we should be concerned about the proliferation of unregulated hedge funds.
Last year may have been the worst ever for the global hedge fund industry, and it’s doubly true for the funds of hedge funds.

The redemption crises that struck many single-manager funds were amplified by the run on funds of funds, which in turn filed their own withdrawal requests with their underlying manager. It’s no surprise, then, that 42 of the 50 largest fund of funds firms in the world saw their assets drop, some dramatically so.
So what? Hegde funds lost money big deal. Thats why you need to be an accredited investor in the first place. The more you go on the more obvious it is you have no clue what you're talking about.

Guess what? Hedge funds don't even have to redeem you. The manager decides when you get your money. Oooh scary!
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Old 09-01-2009, 04:47 AM
 
12,867 posts, read 14,914,172 times
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Quote:
Originally Posted by Traderx View Post
So what? Hegde funds lost money big deal. Thats why you need to be an accredited investor in the first place. The more you go on the more obvious it is you have no clue what you're talking about.

Guess what? Hedge funds don't even have to redeem you. The manager decides when you get your money. Oooh scary!
that would be scary if taxpayers' pension money was invested in them. thanks for pointing that out!
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Old 09-01-2009, 07:06 AM
 
975 posts, read 1,754,983 times
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Quote:
Originally Posted by floridasandy View Post
that would be scary if taxpayers' pension money was invested in them. thanks for pointing that out!
Pension plans probably shouldnt be allowed to invest in hedge funds given the average pension fund manager is an idiot. I could live with a rule that prevented pensions from investing in anything actually.
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Old 09-01-2009, 07:31 AM
 
12,867 posts, read 14,914,172 times
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instead what we have is potential government takeover of pension funds as proposed by this bill:


HARRISBURG - Legislation aimed at helping troubled municipal pension funds is moving through the House as the state budget impasse continues.

The measure by Rep. Tom Caltagirone, D-127, Reading, would lead to a state takeover of pension funds that have less than 50 percent of the assets they need to pay the retirement benefits of current and former employees. If the bill is enacted, the city of Pittsburgh and perhaps up to 30 municipal pension plans across Pennsylvania would be ripe for state takeover.

government, instead of doing its job with regulation, is trying for a takeover. good luck with that!
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Old 09-01-2009, 09:56 AM
 
975 posts, read 1,754,983 times
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Quote:
Originally Posted by floridasandy View Post
instead what we have is potential government takeover of pension funds as proposed by this bill:


HARRISBURG - Legislation aimed at helping troubled municipal pension funds is moving through the House as the state budget impasse continues.

The measure by Rep. Tom Caltagirone, D-127, Reading, would lead to a state takeover of pension funds that have less than 50 percent of the assets they need to pay the retirement benefits of current and former employees. If the bill is enacted, the city of Pittsburgh and perhaps up to 30 municipal pension plans across Pennsylvania would be ripe for state takeover.

government, instead of doing its job with regulation, is trying for a takeover. good luck with that!

State pension funds or any others that blowup should be allowed to fail. I agree. In fact, State and Federal pensions need to be completely overhauled if not eliminated as they're nothing but a huge ponzi scheme anyway and every state is going to end up in the same situation as GM was sooner or later.
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Old 09-02-2009, 06:09 AM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by lchoro View Post
Hedge funds are getting bailed out through TALF. They're getting backstopped through non-recourse loans from the Fed. They found out deleveraging the financial system wasn't so hot when the stock market fell by 60% and mortgage debt fell by 95%. So the Fed is back to supporting investment banks and hedge funds using 40-to-1 leverage if not more.
As an individual going through the legal process right now to create a hedge fund, I'm trying to figure out what makes you think hedge funds are getting bailed out? Name ONE..
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Old 09-02-2009, 06:12 AM
 
69,368 posts, read 64,108,083 times
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Quote:
Originally Posted by Traderx View Post
So what? Hegde funds lost money big deal. Thats why you need to be an accredited investor in the first place. The more you go on the more obvious it is you have no clue what you're talking about.

Guess what? Hedge funds don't even have to redeem you. The manager decides when you get your money. Oooh scary!
Not completely true, hedge funds in the initial stages of creation can have up to 35 non accredited investors.

I do agree though with the balance, big deal, hedge funds invested in the stock market of course would lose money, the stock market fell, it would be natural for funds to fall..
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Old 09-02-2009, 06:14 AM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by Traderx View Post
Pension plans probably shouldnt be allowed to invest in hedge funds given the average pension fund manager is an idiot. I could live with a rule that prevented pensions from investing in anything actually.
The fact that you think the average fund manager is an idiot, doesnt mean that pensions shouldnt be allowed to invest in them. I think the average cd poster is an idiot, so arent you glad I dont get to pick the qualifications for posting here?

You can live with pensions not investing? Really? You'd think pension holders should just sit on their cash and let depreciation eat away at them? Lets go back and discuss qualifications to post here again..

Last edited by pghquest; 09-02-2009 at 06:34 AM..
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Old 09-02-2009, 06:18 AM
 
12,867 posts, read 14,914,172 times
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Quote:
Originally Posted by pghquest View Post
As an individual going through the legal process right now to create a hedge fund, I'm trying to figure out what makes you think hedge funds are getting bailed out? Name ONE..
isn't that the problem with no transparency? the legacy loans program specifically guarantees hedge fund investments:


Legacy Loans Program


In order to cleanse bank balance sheets of distressed loans and other assets and reduce the associated market overhang, the FDIC and Treasury are launching the Legacy Loans Program.

The FDIC will provide oversight for the formation, funding, and operation of new public-private investment funds ("PPIFs") that will purchase loans and other assets from depository institutions. The Legacy Loans Program will attract private capital through an FDIC debt guarantee and Treasury equity co-investment. Private market equity investors ("Private Investors') are expected to include but are not limited to financial institutions, individuals, insurance companies, mutual funds, publicly managed investment funds, pension funds, foreign investors with a headquarters in the United States, private equity funds, and HEDGE FUNDS.
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