Friday, March 23, 2007
SHAMELESS!
http://www.usatoday.com/money/markets/2007-03-23-amaranth_N.htm?csp=34
By Svea Herbst-Bayliss, Reuters
BOSTON — Brian Hunter, who engineered the biggest-ever hedge fund failure last year, is launching a new portfolio that analysts say will likely attract private investors ready to give the former star trader another chance.
Less than a year after Hunter's risky natural gas bets turned a $2 billion gain into a roughly $6 billion loss that sank Amaranth Advisors — once one of the world's largest hedge funds — he is launching Solengo Capital, papers show.
Would-be investors received offering documents this week for the new commodities fund, which will be based in Greenwich, Conn., home to hundreds of the world's estimated 9,000 hedge funds, and in Calgary, where Hunter lives.
Reuters obtained a copy on Friday.
The $1.9 trillion hedge fund industry had been buzzing for weeks about Hunter's rumored plans. Now people who advise managers and investors say private clients could be ready to turn a blind eye to Hunter's spectacular failure, while pension funds and endowments will likely steer clear of the new fund.
FIND MORE STORIES IN: Capital | Morgan Stanley | Hunter | Goldman Sachs
"I would expect that a number of people who know him and have invested with him in the past may be very eager to get in again," said Christopher Holt, managing director of Holt Capital Advisors.
"As ironic as it sounds, these people would have had the chance to hear Hunter's explanation of what went wrong the last time and be assured that it won't happen again," said Holt, who advises hedge funds on finding clients. "The guys who come back from the dead actually have a pretty high success rate."
According to several hedge fund investors who asked not to be named, Hunter has close to $1 billion in commitments. Investors would have to keep their money with Hunter for two years and pay a 2% management fee plus a 20% performance fee, the prospectus says.
Shondell Sabad, who will be the new fund's chief operating officer and chief financial officer, declined to comment.
Hunter, who earned degrees in applied mathematics and physics and previously traded natural gas with Deutsche Bank in New York, had significant freedom at Amaranth, people familiar with his trading style said.
At Solengo, Hunter and former Amaranth colleagues Shane Lee and Matthew Calhoun — both are listed as portfolio managers on the prospectus — will still be able to direct the funds as they see fit, but there are risk controls.
"The portfolio managers will have total freedom to develop their business," the prospectus says. But if someone were to violate the capital to margin restriction, all capital locks would immediately be voided, "enabling investors to redeem immediately at no cost," the prospectus added.
Despite the new assurances, public pension funds, which invest retirement benefits for state workers and others, will likely avoid Hunter, especially after prominent funds from Massachusetts and California lost money in Amaranth.
"I don't think the funds of funds are going to get near him right now. He is not the A Team. He is not Morgan Stanley or Goldman Sachs or anyone else in that arena," said Peter Fusaro, Chairman of Global Change Associates, whose Energy Hedge Fund Center tracks these loosely regulated portfolios.
Copyright 2007 Reuters Limited. Click for Restrictions.
Posted 37m ago
YOUR FREEDOM
This is real people. This email has been sent to many people, those of you who know me have heard what is happening to our stock market, I've been talking about it for a long time now. Now the sub prime market is looking very scary, the dollar appears to be an iminent collapse. Google it if you still don't believe. But to make issues worse, this is what is happening to herbs and suppliments:
URGENT!!!! New York Being Used to Destroy Supplements!
BY: Dr. Rima - Natural Solutions Foundation |
March 22, 2007 If you live in New York or know anyone who does, please take immediate action on this urgent issue. Send this to everyone you know in New York State and don't forget the health food stores and natural health practitioners you know in New York as well.
The legislative assault on our health freedoms has been broken up in state attacks: something in Minnesota, an attack in Michigan, something really bad in Alaska, and, little by little state laws are being introduced and passed that will then become generalized as states follow each other into the freedom abyss. We can only influence our state legislators in the districts and states that we live and vote in BUT we are a society with wide spread contacts. Keep your friends and loved ones, your whole circle of influence up to date on what is happening in their states. Let them carry the ball in their home territory and you can carry it in yours. This is the first of an on-going series of alerts on State issues. They count. Raise your voice and help others to raise theirs!
Four bills are before the New York State Legislature which will accomplish for the drug companies what they could not achieve at the federal levels: supplements will be regulated much more like drugs, burdened with unnecessary requirements to raise their prices and drive small companies out of business and take another step forward in making supplements unavailable while leaving horrifically toxic drugs as the only illness care alternative.
I urge you personally to take the time necessary to send the letter you will find at this link, AND involve your health food stores, friends and neighbors who live in New York State. If you have contact with natural health practitioners and doctors, dentists, chiropractors, etc., please give them this information along with the website for the Natural Solutions Foundation , www.HealthFreedomUSA.org, so they can become involved in the fight for natural health and health freedom, too.
Think about it: if you go to Organics4U at http://www.healthfreedomusa.org/store/cart.php you will find a large selection of totally clean, organic and healthy products for you. Vitamins, minerals, delicious bars, amino acids, co-factors, herbs, homeopathics, all there for you at reasonable cost and high effectiveness. Not one of them is sourced from genetically modified bacteria, yeasts or plants. None of them is producd from plant or animal sources which have been exposed to pesticides, artificial hormones, antibiotics and so on. Most nutrients are not organic, not clean and full of synthetic residues and the products of genetic modification. If you have a really good health food store, you'll find some of these excellent products there too.
But what happens if not only the clean products you can purchase at Organics4U are no longer available, but even the poor quality, synthetic ones are not there and, for those few that remain, they are priced closer to drugs than to nutrients and herbs. What happens to your freedom and what happens to your choice?
New York State is the latest battle ground for this contest between Big Pharma and your freedom. Take action now. Doing nothing votes for Big Pharma in this contest.
Thanks in advance for your activism!
Yours in health and freedom,
Dr. Rima
Medical Director
- - - - -
BY: Dr. Rima - Natural Solutions Foundation |
March 22, 2007 If you live in New York or know anyone who does, please take immediate action on this urgent issue. Send this to everyone you know in New York State and don't forget the health food stores and natural health practitioners you know in New York as well.
The legislative assault on our health freedoms has been broken up in state attacks: something in Minnesota, an attack in Michigan, something really bad in Alaska, and, little by little state laws are being introduced and passed that will then become generalized as states follow each other into the freedom abyss. We can only influence our state legislators in the districts and states that we live and vote in BUT we are a society with wide spread contacts. Keep your friends and loved ones, your whole circle of influence up to date on what is happening in their states. Let them carry the ball in their home territory and you can carry it in yours. This is the first of an on-going series of alerts on State issues. They count. Raise your voice and help others to raise theirs!
Four bills are before the New York State Legislature which will accomplish for the drug companies what they could not achieve at the federal levels: supplements will be regulated much more like drugs, burdened with unnecessary requirements to raise their prices and drive small companies out of business and take another step forward in making supplements unavailable while leaving horrifically toxic drugs as the only illness care alternative.
I urge you personally to take the time necessary to send the letter you will find at this link, AND involve your health food stores, friends and neighbors who live in New York State. If you have contact with natural health practitioners and doctors, dentists, chiropractors, etc., please give them this information along with the website for the Natural Solutions Foundation , www.HealthFreedomUSA.org, so they can become involved in the fight for natural health and health freedom, too.
Think about it: if you go to Organics4U at http://www.healthfreedomusa.org/store/cart.php you will find a large selection of totally clean, organic and healthy products for you. Vitamins, minerals, delicious bars, amino acids, co-factors, herbs, homeopathics, all there for you at reasonable cost and high effectiveness. Not one of them is sourced from genetically modified bacteria, yeasts or plants. None of them is producd from plant or animal sources which have been exposed to pesticides, artificial hormones, antibiotics and so on. Most nutrients are not organic, not clean and full of synthetic residues and the products of genetic modification. If you have a really good health food store, you'll find some of these excellent products there too.
But what happens if not only the clean products you can purchase at Organics4U are no longer available, but even the poor quality, synthetic ones are not there and, for those few that remain, they are priced closer to drugs than to nutrients and herbs. What happens to your freedom and what happens to your choice?
New York State is the latest battle ground for this contest between Big Pharma and your freedom. Take action now. Doing nothing votes for Big Pharma in this contest.
Thanks in advance for your activism!
Yours in health and freedom,
Dr. Rima
Medical Director
- - - - -
This letter also went to various gov agencies. What the hell is going on in this country? I tell you what it is, YOUR FREEDOM IS BEING TAKEN AWAY. Please do it for you, do it for your children, do it for OUR FUTURE!
Tell the government what you think. Tell them they work for you. Tell them elections are coming up. Tell them WE will NOT stand for this nonsense. This is America. Not Corprica or the New World Order. Get active and start talking to your representatives .. before your wondering why they have taken away everthing including your house.
Those in government, you should be ashamed of this behavior. Those in law enforcement, YOU TOOK AN OATH, we need you to defend your country. This is no longer the "tin hat crowd" crying conspiracy. This is real, THIS IS YOUR FREEDOM AT STAKE.
Please take the time to ask yourself seriously, am I a Patriot or Fed .... well, which side are you on?
Disturbing to say the least,
ME
Sunday, March 18, 2007
Watch "The Reality of the Diamond Trade" on Google Video
Your friend, fall@crash.com, has sent you the following video from Google Video:
The Reality of the Diamond Trade
9 min 57 sec - Mar 15, 2007
Description: Are diamonds really as valuable as they are made out to be? In fact, in a London warehouse, tons upon tons of gem-quality diamonds are stored, and many mines are suppressed by the De Beers Cartel. This short film explores what is behind all of this.
Want to see more cool videos?
Go to video.google.com/
Think you have an even cooler video?
Add it at video.google.com/videouploadform
If you're having trouble watching the video, try copying the following URL into your browser:
http://video.google.com/videoplay?docid=-2480163029529024711&q=diamond&pr=goog-sl
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