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September 6, 2007


Most Read Stories (6-Sep-2007 8:41:09)

Here are the top five most read stories on the Bloomberg in the last day with selected excerpts (and my comments, if any, in italics).

As of 6-Sep-2007 at 8:41:09 (Beijing time):

  1. Seth Tobias, Hedge-Fund Boss and TV Commentator, Dies

    2. “Tobias’s family has a history of coronary disease, said Spence Tobias, Seth’s brother and a money manager at Circle T. ‘It was apparently a heart attack,’ he said by telephone from New York.”

    Only 44 years old … reminds me to get the ticker checked out at the end of October.

  2. A Wall Street Trader Draws Some Subprime Lessons

    3. “People complain about the rich getting richer and the poor being left behind. Is it any wonder? Look at them! Did it ever occur to even one of them that they might pay me back by WORKING HARDER? I don’t think so.”

    Satire from Michael Lewis.

  3. Commercial Real Estate in U.S. Poised for Price Drop

    4. “Commercial mortgage rates have climbed as defaults rose in the subprime part of the residential real estate market. About six months ago, a 30-year commercial loan with 5 to 10 years of interest-only payments would have cost the borrower about 120 basis points more than the yield of the 10-year Treasury note. A similar loan would now cost about 160 to 200 basis points more than the 10-year Treasury’s yield of 4.6 percent.”

    Hap Stein gets it just right: “As far as the pricing of credit, it was greed six months ago and it’s fear today.”

  4. Global Stocks, U.S. Futures Decline; Citigroup, Bradford Drop

    5. “The overnight deposit rate for euros rose to a six-year high, prompting calls for the European Central Bank to supply more cash.”

  5. Citigroup to Shut Tribeca Hedge Fund, Expand Old Lane

    6. “Citigroup’s alternatives division oversees about $59 billion including real estate and private-equity assets. It has about $23 billion in hedge-fund assets, including client money allocated to outside managers … Old Lane began operating with $3.7 billion in assets, the second-largest start by a hedge fund in 2006.”

    Even a “large” hedge fund like Old Lane runs a relatively small amount of money.

This entry was posted on Thursday, September 6th, 2007 at 9:25 am (utc+8) and is filed under Trading and Investing.

3 Responses to “Most Read Stories (6-Sep-2007 8:41:09)”

  1. Rod Roth said:
    September 6th, 2007 at 10:36 pm

    Michael Lewis does it again.

    Thanks for picking it out!

    Rod

  2. Dereck said:
    September 7th, 2007 at 6:55 am

    I have been searching for and reading various blogs hoping to find suitable ones to link to in my blog. I especially have come to like yours. I was wondering if you would like to exchange links.

    Dereck

  3. C. Maoxian said:
    September 7th, 2007 at 7:13 am

    Dereck: Thanks, but I don’t do link exchanges. Blogspot is blocked from China which makes it hard for me to check out your blog, but I’ll take a look when I get the chance.

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