Home prices continued to decline across the United States in November 2008, with 11 of 20 major metro areas seeing record annual price drops and over half of areas with declines over 10% from the previous year. The S&P/Case-Shiller 10-City and 20-City home price indices both fell 2.2% in November and matched or set new record lows, with prices back to early 2004 levels following a 25-30% decline from mid-2006 peaks. Phoenix and Las Vegas saw the largest annual declines of over 30%, while Dallas and Denver fared best with single-digit annual decreases.
Carol Bartz transformed Autodesk from a small single product company into one of the largest software providers in the world during her 14 year tenure as CEO. As Executive Chairman, she continues to help Autodesk expand into emerging markets. The document provides details on Autodesk's financial performance, leadership changes, and stock option review that resulted in financial restatements.
This document provides a semi-annual update on the performance of Fairfield Sentry Limited (Sentry), a fund that uses a strategy called a split strike conversion to invest in the S&P 100 index. In the second half of 2007 and January 2008, Sentry delivered returns of 3.21% and 0.63% respectively, outperforming the S&P 100 index despite market turbulence. Sentry's strategy aims to match the return of the index with lower volatility by alternating between exposure to the index through options and holding cash.
This document provides information on products and services from Bank Medici, a private bank based in Austria. It details the bank's location in Austria and partnership with Bank Austria Creditanstalt as providing safety, stability, and standard banking services. The document summarizes Bank Medici's offerings, including online banking and trading services, cash and investment products like mutual funds, structured products, and insurance.
1) The document describes a leveraged certificate (3x) linked to the Fairfield Sentry Ltd. fund, an established hedge fund with a 15-year track record.
2) Fairfield Sentry uses a split-strike conversion strategy, investing in S&P 100 stocks while hedging with put and call options.
3) The certificate aims to provide a significant yield improvement over Fairfield Sentry despite slightly higher volatility due to the 3x leverage.
- The Chester Global Strategy Fund is a fund of hedge funds that seeks capital preservation, appreciation, and superior risk-adjusted returns with low correlation to equity and fixed income markets.
- In July 2008, the fund was down 4.77% month-to-date and had a net asset value of 94.32. Its largest strategies by allocation were multi-strategy, credit and distressed, and event-driven.
- Over its lifetime, the fund has averaged annual returns of 9.72% with lower volatility than equity benchmarks, as measured by standard deviation.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
Home prices continued to decline across the United States in November 2008, with 11 of 20 major metro areas seeing record annual price drops and over half of areas with declines over 10% from the previous year. The S&P/Case-Shiller 10-City and 20-City home price indices both fell 2.2% in November and matched or set new record lows, with prices back to early 2004 levels following a 25-30% decline from mid-2006 peaks. Phoenix and Las Vegas saw the largest annual declines of over 30%, while Dallas and Denver fared best with single-digit annual decreases.
Carol Bartz transformed Autodesk from a small single product company into one of the largest software providers in the world during her 14 year tenure as CEO. As Executive Chairman, she continues to help Autodesk expand into emerging markets. The document provides details on Autodesk's financial performance, leadership changes, and stock option review that resulted in financial restatements.
This document provides a semi-annual update on the performance of Fairfield Sentry Limited (Sentry), a fund that uses a strategy called a split strike conversion to invest in the S&P 100 index. In the second half of 2007 and January 2008, Sentry delivered returns of 3.21% and 0.63% respectively, outperforming the S&P 100 index despite market turbulence. Sentry's strategy aims to match the return of the index with lower volatility by alternating between exposure to the index through options and holding cash.
This document provides information on products and services from Bank Medici, a private bank based in Austria. It details the bank's location in Austria and partnership with Bank Austria Creditanstalt as providing safety, stability, and standard banking services. The document summarizes Bank Medici's offerings, including online banking and trading services, cash and investment products like mutual funds, structured products, and insurance.
1) The document describes a leveraged certificate (3x) linked to the Fairfield Sentry Ltd. fund, an established hedge fund with a 15-year track record.
2) Fairfield Sentry uses a split-strike conversion strategy, investing in S&P 100 stocks while hedging with put and call options.
3) The certificate aims to provide a significant yield improvement over Fairfield Sentry despite slightly higher volatility due to the 3x leverage.
- The Chester Global Strategy Fund is a fund of hedge funds that seeks capital preservation, appreciation, and superior risk-adjusted returns with low correlation to equity and fixed income markets.
- In July 2008, the fund was down 4.77% month-to-date and had a net asset value of 94.32. Its largest strategies by allocation were multi-strategy, credit and distressed, and event-driven.
- Over its lifetime, the fund has averaged annual returns of 9.72% with lower volatility than equity benchmarks, as measured by standard deviation.
The document discusses the benefits of meditation for reducing stress and anxiety. Regular meditation practice can help calm the mind and body by lowering heart rate and blood pressure. Studies have shown that meditating for just 10-20 minutes per day can have significant positive impacts on both mental and physical health over time.
The document is a letter from the board of directors of Fairfield Sentry Limited to its shareholders regarding the company's investments with Bernard Madoff and Bernard L. Madoff Investment Securities LLC (BMIS). It summarizes that no money has been paid out by Fairfield Sentry since December 11, 2008. It also notes that the company manager has suspended fees and the board is taking steps to realize assets. The letter mentions the appointment of a Securities Investor Protection Corporation trustee to liquidate BMIS and analyze the company's rights and potential claims regarding its investments. The board pledges to keep shareholders informed of developments.
The letter informs shareholders about developments regarding Fairfield Sigma Limited and Bernard Madoff's fraud. It states that no money has been paid out by the company since December 11, 2008. The directors are working to realize any assets of the company and are liaising with the court-appointed trustee to retrieve assets and represent the company's interests. The SEC is also investigating Madoff's records and has found evidence that he used complicated schemes to deceive investors.
Bernard Madoff perpetrated a massive fraud through his investment firm, Bernard L. Madoff Investment Securities. UBP had invested around $700 million total across various funds of hedge funds in four investment vehicles that were managed by Madoff. While Madoff claimed to employ a "split-strike conversion strategy", he was actually running a Ponzi scheme. The document discusses UBP's due diligence on Madoff over the years, the consistency of his returns, the implications for the hedge fund industry, and UBP's financial strength in light of the fraud.
This document is an estimated monthly NAV report from Fairfield Greenwich Group for November 2008. It provides the name, investment strategy, net asset value, month-to-date return, and year-to-date return for 39 different funds managed by Fairfield Greenwich Group. The funds cover a wide range of strategies including equity long/short, arbitrage, multi-manager, and macro funds focused on regions including Greater China, Asia, Australia, and Japan. Performance varied significantly among the funds, with month-to-date returns ranging from -9.09% to 5.67% and year-to-date returns from -58.25% to 24.57%.
This document provides the estimated weekly net asset values (NAVs) for 37 funds managed by Fairfield Greenwich Group as of various dates in December 2008. For each fund, it lists the fund name, fund type, date of NAV estimate, current NAV, monthly return, and year-to-date return. The funds cover a range of strategies including equity long/short, multi-strategy, arbitrage, quantitative macro, and fund of funds. NAVs ranged from $72.64 to $90,573.63 with most funds showing negative monthly and year-to-date returns in this period.
The Fairfield Investment Fund seeks low volatility exposure to alternative asset managers through a diversified portfolio of 20 sub-funds. The sub-funds pursue conservative strategies like hedged, arbitrage, and relative value positions. In October 2008, the fund had a return of -5.58% as many of its underlying sub-funds also had negative returns that month. The fund has over $400 million in assets under management and was founded in 1983 to provide clients with superior alternative investment options.
The document provides information on the Irongate Global Strategy Fund Limited, a fund of hedge funds. It seeks capital preservation, appreciation and superior risk-adjusted returns with low correlation to traditional markets. The fund invests with experienced managers employing strategies like macro, long/short equities, emerging markets, fixed income arbitrage, and more. Performance figures for 2004-2008 are provided showing the fund outperforming benchmarks like the MSCI World Index and HFRI Fund of Funds Composite Index over various periods.
The Fairfield Sentry Limited fund declined slightly in October 2008, returning -0.06% compared to a -14.6% decline in the S&P 100 index. Since mid-September, the fund has held a "cash" position in U.S. Treasury bills to avoid exposure to declining markets, allowing it to protect investors' capital as the S&P 100 fell over 16% in that period. A small portion invested in non-split-strike conversion investments contributed to the modest negative return. Overall, the fund has pursued a risk-management strategy since inception through active timing and use of cash positions during difficult markets.
The SEC filed a complaint alleging insider trading by Matthew Devlin and several associates. Devlin misappropriated confidential corporate deal information from his wife's PR firm and tipped friends who traded for profits over $4.8 million. Devlin received gifts in return like watches and trips. The SEC is seeking to enjoin further violations of securities laws, disgorgement of profits plus interest, and civil penalties.
Rye Select Broad Market Xl Fund Lp Ppm 2.1.07hblodget
This document is a confidential private placement memorandum for the Rye Select Broad Market XL Fund, L.P., a Delaware limited partnership. It describes an offering of limited partnership interests in the fund. The fund will be managed by Tremont Partners, Inc., its general partner. The memorandum provides an overview of the fund's investment objective, strategies, management, allocations, terms of the offering, and withdrawals. It also contains notices regarding the private and speculative nature of the investment and risks involved.
This document is a criminal complaint filed against Rod Blagojevich and John Harris. It alleges two criminal counts:
1) Conspiring to commit honest services fraud by devising a scheme for Blagojevich to use his office for personal gain through campaign contributions in exchange for official acts.
2) As agents of Illinois, corruptly soliciting the firing of Chicago Tribune editorial members critical of Blagojevich in exchange for $100 million in state assistance for Wrigley Field, intending to be influenced for transactions worth $5,000 or more.
The affidavit provides background on the investigation and intercepted communications supporting allegations that Blagojevich solicited contributions for official acts and tried to
This document is a complaint filed by the Securities and Exchange Commission against Mark Cuban for insider trading. The SEC alleges that Cuban sold his entire stake in Mamma.com after learning confidential information about an upcoming stock offering, avoiding losses of over $750,000. While Cuban had agreed to keep the information confidential, he is accused of selling his shares based on this non-public information in violation of securities laws. The SEC is seeking to enjoin Cuban from further violations and require disgorgement of losses avoided.
The document is a letter from the board of directors of Fairfield Sentry Limited to its shareholders regarding the company's investments with Bernard Madoff and Bernard L. Madoff Investment Securities LLC (BMIS). It summarizes that no money has been paid out by Fairfield Sentry since December 11, 2008. It also notes that the company manager has suspended fees and the board is taking steps to realize assets. The letter mentions the appointment of a Securities Investor Protection Corporation trustee to liquidate BMIS and analyze the company's rights and potential claims regarding its investments. The board pledges to keep shareholders informed of developments.
The letter informs shareholders about developments regarding Fairfield Sigma Limited and Bernard Madoff's fraud. It states that no money has been paid out by the company since December 11, 2008. The directors are working to realize any assets of the company and are liaising with the court-appointed trustee to retrieve assets and represent the company's interests. The SEC is also investigating Madoff's records and has found evidence that he used complicated schemes to deceive investors.
Bernard Madoff perpetrated a massive fraud through his investment firm, Bernard L. Madoff Investment Securities. UBP had invested around $700 million total across various funds of hedge funds in four investment vehicles that were managed by Madoff. While Madoff claimed to employ a "split-strike conversion strategy", he was actually running a Ponzi scheme. The document discusses UBP's due diligence on Madoff over the years, the consistency of his returns, the implications for the hedge fund industry, and UBP's financial strength in light of the fraud.
This document is an estimated monthly NAV report from Fairfield Greenwich Group for November 2008. It provides the name, investment strategy, net asset value, month-to-date return, and year-to-date return for 39 different funds managed by Fairfield Greenwich Group. The funds cover a wide range of strategies including equity long/short, arbitrage, multi-manager, and macro funds focused on regions including Greater China, Asia, Australia, and Japan. Performance varied significantly among the funds, with month-to-date returns ranging from -9.09% to 5.67% and year-to-date returns from -58.25% to 24.57%.
This document provides the estimated weekly net asset values (NAVs) for 37 funds managed by Fairfield Greenwich Group as of various dates in December 2008. For each fund, it lists the fund name, fund type, date of NAV estimate, current NAV, monthly return, and year-to-date return. The funds cover a range of strategies including equity long/short, multi-strategy, arbitrage, quantitative macro, and fund of funds. NAVs ranged from $72.64 to $90,573.63 with most funds showing negative monthly and year-to-date returns in this period.
The Fairfield Investment Fund seeks low volatility exposure to alternative asset managers through a diversified portfolio of 20 sub-funds. The sub-funds pursue conservative strategies like hedged, arbitrage, and relative value positions. In October 2008, the fund had a return of -5.58% as many of its underlying sub-funds also had negative returns that month. The fund has over $400 million in assets under management and was founded in 1983 to provide clients with superior alternative investment options.
The document provides information on the Irongate Global Strategy Fund Limited, a fund of hedge funds. It seeks capital preservation, appreciation and superior risk-adjusted returns with low correlation to traditional markets. The fund invests with experienced managers employing strategies like macro, long/short equities, emerging markets, fixed income arbitrage, and more. Performance figures for 2004-2008 are provided showing the fund outperforming benchmarks like the MSCI World Index and HFRI Fund of Funds Composite Index over various periods.
The Fairfield Sentry Limited fund declined slightly in October 2008, returning -0.06% compared to a -14.6% decline in the S&P 100 index. Since mid-September, the fund has held a "cash" position in U.S. Treasury bills to avoid exposure to declining markets, allowing it to protect investors' capital as the S&P 100 fell over 16% in that period. A small portion invested in non-split-strike conversion investments contributed to the modest negative return. Overall, the fund has pursued a risk-management strategy since inception through active timing and use of cash positions during difficult markets.
The SEC filed a complaint alleging insider trading by Matthew Devlin and several associates. Devlin misappropriated confidential corporate deal information from his wife's PR firm and tipped friends who traded for profits over $4.8 million. Devlin received gifts in return like watches and trips. The SEC is seeking to enjoin further violations of securities laws, disgorgement of profits plus interest, and civil penalties.
Rye Select Broad Market Xl Fund Lp Ppm 2.1.07hblodget
This document is a confidential private placement memorandum for the Rye Select Broad Market XL Fund, L.P., a Delaware limited partnership. It describes an offering of limited partnership interests in the fund. The fund will be managed by Tremont Partners, Inc., its general partner. The memorandum provides an overview of the fund's investment objective, strategies, management, allocations, terms of the offering, and withdrawals. It also contains notices regarding the private and speculative nature of the investment and risks involved.
This document is a criminal complaint filed against Rod Blagojevich and John Harris. It alleges two criminal counts:
1) Conspiring to commit honest services fraud by devising a scheme for Blagojevich to use his office for personal gain through campaign contributions in exchange for official acts.
2) As agents of Illinois, corruptly soliciting the firing of Chicago Tribune editorial members critical of Blagojevich in exchange for $100 million in state assistance for Wrigley Field, intending to be influenced for transactions worth $5,000 or more.
The affidavit provides background on the investigation and intercepted communications supporting allegations that Blagojevich solicited contributions for official acts and tried to
This document is a complaint filed by the Securities and Exchange Commission against Mark Cuban for insider trading. The SEC alleges that Cuban sold his entire stake in Mamma.com after learning confidential information about an upcoming stock offering, avoiding losses of over $750,000. While Cuban had agreed to keep the information confidential, he is accused of selling his shares based on this non-public information in violation of securities laws. The SEC is seeking to enjoin Cuban from further violations and require disgorgement of losses avoided.