MoneyScience: All site news items

Hedge funds buy AUD as range tops obliterated http://dlvr.it/c2X2R

http://t.co/belnBSj New Yorker Review: Ray Dalio And His Hedge Fund - HedgeCo.net

S&P500 volatility has been lower this week (-13% on past week to date), but our #quant model predicts volatile trading today and tomorrow.

Apple reported earnings this week, and the balance sheets shows an enormous amount of cash: $76 billion!   For the first time, we are beginning to hear more investors clamor for clarity about what will happen with this cash. Some even would like to see some cash returned to shareholders. In the Wall Street Journal today, we see a quote from one investor: "If they can't find ways to use it to grow, they should be returning it to shareholders," said Tim Ghriskey, chief investment officer of Solaris Asset Management, which owns Apple stock.

On the other hand, some investors don't mind Apple's financial strategy at all: "It provides me enormous comfort that their balance sheet is so strong," said Mike Binger, a fund manager at Thrivent Asset Management, which owns Apple stocks. As far as he is concerned, "They have the flexibility to do whatever they want with it."

I am astounded by the amount of cash on the balance sheet. Normally, I worry about firms that have this amount of cash. I don't want them squandering the cash on flawed acquisitions or poor diversification strategies. The question, though, is whether Apple deserves more of a benefit of the doubt, given their tremendous track record, coupled with the fact that they are still growing very rapidly.    To me, we should worry most about a cash pile like this when we have:

1. Slowing growth at the firm's core business
2. A history at the firm of flawed diversification or acquisition strategies.
3. Poor corporate governance practices at the firm
4. A lack of opportunities for productive R&D investments

To me, Apple does not raise concerns on these four points.   However, the situation bears watching as the pile of cash continues to grow at an incredible pace.

S&P500 volatility has been lower this week (-13% on past week to date), but our #quant model predicts volatile trading today and tomorrow.

Global stock markets rise sharply on reports eurozone leaders have reached a draft agreement on measures to tackle the eurozone debt crisis.

Financial technology buy for Patsystems: Financial technology buy for PatsystemsM&A dealsElectronic trading tech... http://bit.ly/r1jNI0

Of course hedge funds are going to do their best to make money off the Republicans taking the debt ceiling hosta... http://bit.ly/mY4jjf

Balloon Juice Â» How To Make Money in the Apocalypse: Of course hedge funds are going to do their best to make mo... http://bit.ly/nSa7gg

Citadels pushed e-trade to explore a possible sale. I didn't know you could invest in hedge funds on e-trade.

Apologies to Citadel. At first I thought they were going to sell hedge funds on e-bay. Please see below. Slim

Hedge funds and innovation? New survey finds "being innovative hasnât really counted much for being innovative" What câ¦http://lnkd.in/FAhpZP

Gensler up NOW. CFTC held 43% of 2,000 meetings post- Dodd-Frank. Banks, Manuf, Insurers, Hedge Funds worried abt OTC deriv. clearinghouse.

Just finished watching @MMFlint film #CapitalismALoveStory deep shit!!! Kinda makes not aspire to be a hedge fund manager.

NEW YORK, July 21, 2011 /PRNewswire/ -- Kramer Levin Naftalis & Frankel LLP's Corporate Restructuring and Bankruptcy Department announced today the launch of its "Broken Bench Bytes" blog (www.brokenbenchbytes.com). Each week, blog posts by different attorneys in the group will discuss notable t

NEW YORK, July 21, 2011 /PRNewswire-USNewswire/ -- Leading Independent and Senior Energy Executive Karl W. Miller today renewed calls for President Obama to start listening to senior industry executives and experts, resolve the U.S. real estate crisis, address depression era unemployment and put a c

MANCHESTER, N.H., July 21, 2011 /PRNewswire/ -- QED Connect, Inc. (OTC: QEDN), a New York corporation ("QED Connect"), today announced that its partner in Sofame Energy, Sofame Technologies Inc. ("Sofame Technologies") (TSXV:SDW), has received a powerful endorsement from the Canadian Center of Excel

PROVIDENCE, R.I., July 21, 2011 /PRNewswire/ -- Citizens Financial Group has been cited as a 2011 Computerworld Honors Laureate for accessMOBILE, its breakthrough corporate mobile banking application. Through accessMOBILE's easy-to-use and intuitive interface, Citizens Bank and Charter One cash man

Latest Images