Hugh Hendry, the voluble hedge fund manager well known for his bearish but highly successful calls on the global economy over the past two years, has taken a big position that is designed to profit from a crash in China.
Hendry takes big bet on China crash
Submitted by cahn on 23 May, 2010 - 4:37am- cahn's blog
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Scientists create a living organism
Submitted by cahn on 23 May, 2010 - 3:33amhttp://www.ft.com/cms/s/2/3dbad5ca-6431-11df-8618-00144feab49a.html
Scientists have turned inanimate chemicals into a living organism in an experiment that raises profound questions about the essence of life.
Craig Venter, the US genomics pioneer, announced on Thursday that scientists at his laboratories in Maryland and California had succeeded in their 15-year project to make the world’s first “synthetic cells” – bacteria called Mycoplasma mycoides.
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More on Happy Employees
Submitted by cahn on 15 March, 2010 - 3:41amIn my last post, I wrote about my desire to have happy people working for me. Perhaps I could have been clearer when I said that I fire unhappy people.
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The Secret to Having Happy Employees
Submitted by cahn on 15 March, 2010 - 3:38amAbout 10 years ago I was having my annual holiday party, and my niece had come with her newly minted M.B.A. boyfriend. As he looked around the room, he noted that my employees seemed happy. I told him that I thought they were.
Then, figuring I would take his new degree for a test drive, I asked him how he thought I did that. “I’m sure you treat them well,” he replied.
“That’s half of it,” I said. “Do you know what the other half is?”
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A Brief History of Derivatives - Don Chance
Submitted by cahn on 30 January, 2010 - 1:21pmTo start we need to go back to the Bible. In Genesis Chapter 29, believed to be about the year 1700 B.C., Jacob purchased an option costing him seven years of labor that granted him the right to marry Laban's daughter Rachel. His prospective father-in-law, however, reneged, perhaps making this not only the first derivative but the first default on a derivative.
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What did I say then?
Vega funds 'almost halved' in a year
Submitted by cahn on 30 June, 2005 - 11:44pmHedge funds managed by Vega Asset Management, the Madrid firm that was until recently the largest hedge fund manager in the world, have fallen from almost $13bn last July to just over $7bn.
An investment consultant said the firm had suffered heavy redemptions and investments losses which have almost halved the value of the firm's funds in just under a year.
He said the firm's flagship Relative Value fund has fallen from $4.1bn at the end of July to $2.5bn at the end of May and that the fund is down 6% for the year to date.
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