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<title> SecondMarket</title>
<link>http://www.secondmarket.com</link>
<description>With 3,000 members managing over $1 trillion in investable assets, SecondMarket brings together buyers and sellers in the largest marketplace for illiquid assets. SecondMarket's members include global financial institutions, hedge funds, private equity firms, mutual funds, and other institutional and accredited investors.</description>
<language>en-us</language>
<pubDate>Thu, 09 Sep 2010 16:50:42 -0500</pubDate>
<lastBuildDate>Thu, 09 Sep 2010 16:50:42 -0500</lastBuildDate>
<copyright>Copyright 2010, SecondMarket</copyright>
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<title><![CDATA[U.S. to Auction Hartford, Lincoln Warrants]]></title>
<link>http://www.secondmarket.com/articles/us-to-auction-hartford-lincoln-warrants.html</link>
<pubDate>Thu, 09 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    The U.S. Treasury Department plans to dispose of the outstanding warrant positions it holds in Hartford Financial Services (HIG) and Lincoln National (LNC) leftover from the two firms' repayment of taxpayer bailout funds.
    The Treasury will conduct public Dutch auctions to sell its remaining positions in the two companies over the next several weeks, it says. Both Hartford and Lincoln have fully repaid the preferred stock received through the Troubled Asset Relief Program (TARP).
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<title><![CDATA[Hedge funds shrink in July as billions walk]]></title>
<link>http://www.secondmarket.com/articles/hedge-funds-shrink-in-july-as-billions-walk.html</link>
<pubDate>Wed, 08 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    The global hedge fund industry shriveled a little more in July when investors pulled out nearly $3 billion after the loosely regulated portfolios posted losses in May and June, researchers reported on Tuesday
    Assets stood at $1.53 trillion, their lowest level since November 2009, according to data released jointly by TrimTabs and BarclayHedge, firms that track performance and flow data
    Meanwhile funds specializing in fixed income strategies -- often favored during uncertain...]]></description>
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<title><![CDATA[Goldman To Shutter Prop. Desk]]></title>
<link>http://www.secondmarket.com/articles/goldman-to-shutter-prop-desk.html</link>
<pubDate>Tue, 07 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Goldman Sachs&rsquo; proprietary trading business&mdash;the cradle of many of the world&rsquo;s most successful hedge fund managers&mdash;will close to comply with new U.S. financial regulations, but not before spawning another hedge fund or two.
    New York-based Goldman has decided to shut down its Principal Strategies group, which accounts for some 10% of its annual revenue, following the enactment of the Volcker rule, which bars banks from proprietary trading.
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<title><![CDATA[Hedge Fund Trade Group Endorses OTC Derivatives Reform - FINALternatives]]></title>
<link>http://www.secondmarket.com/articles/hedge-fund-trade-group-endorses-otc-derivatives-reform-finalternatives.html</link>
<pubDate>Thu, 02 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    The G20 has stated that all OTC derivative contracts should be reported to trade repositories, while all standardized contracts should be cleared through central counterparties and, where appropriate and practical, traded on an exchange or electronic trading platform.
    AIMA states that hedge fund managers&mdash;heavy users of OTC derivatives&mdash;would have to bear significant costs associated with administrative and operational changes the reforms would require. However, the...]]></description>
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<title><![CDATA[Beware This Chinese Export]]></title>
<link>http://www.secondmarket.com/articles/beware-this-chinese-export.html</link>
<pubDate>Thu, 02 Sep 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    China's biggest businesses raise capital through underwritten initial public offerings. But in the past few years, hundreds of mid-market entities have gotten U.S. listings through a back-door maneuver known as a &quot;reverse takeover&quot;&mdash;in which an active Chinese business merges into a dormant American shell corporation that was registered for public trading.
    The lure for American investors is the wondrous growth of China's economy and the ascent of such benchmarks as the...]]></description>
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<title><![CDATA[Investors Pull $7.1 Billion From Stock Funds Globally]]></title>
<link>http://www.secondmarket.com/articles/investors-pull-71-billion-from-stock-funds-globally.html</link>
<pubDate>Fri, 27 Aug 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Investors withdrew a net $7.1 billion from equity funds tracked worldwide in the week to Aug. 25 and put some $5.2 billion into bonds amid concern economies in the U.S. and Europe are losing momentum
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<title><![CDATA[Polygon seeks to reinvent itself]]></title>
<link>http://www.secondmarket.com/articles/polygon-seeks-to-reinvent-itself.html</link>
<pubDate>Tue, 27 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Nearly two years after Polygon Investment Partners began winding down its flagship $7.5bn (&euro;5.8bn) fund, the firm has taken on its most difficult challenge yet: reinventing itself. In doing so, it is epitomizing the rise, fall and attempted resurrection of the hedge fund industry.
    In 2008, the flagship fund, caught out by its mixture of liquid and illiquid assets, booked a 48% loss. The firm shut the fund and began returning money to investors, a process it said would take almost...]]></description>
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<title><![CDATA[Hedge funds keep their heads down in bumpy markets]]></title>
<link>http://www.secondmarket.com/articles/hedge-funds-keep-their-heads-down-in-bumpy-markets.html</link>
<pubDate>Tue, 20 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Hedge funds have cut back their bets over a volatile summer for financial markets, worried that big swings in investor sentiment are playing havoc with their carefully-researched trades
    What managers call the &quot;risk-on, risk-off&quot; trade -- where calling a sudden switch to bearish or bullish sentiment is more important than picking undervalued stocks -- has become critical as fears over a double-dip recession suddenly grow or recede
    &nbsp;
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<title><![CDATA[Congress's Approval of Finance Bill Shifts Focus to Regulators]]></title>
<link>http://www.secondmarket.com/articles/congresss-approval-of-finance-bill-shifts-focus-to-regulators.html</link>
<pubDate>Mon, 19 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    U.S. Senate approval of the biggest overhaul of Wall Street oversight since the Great Depression will shift the financial industry&rsquo;s focus to the regulatory agencies charged with writing rules to implement the measure
    The Senate vote that sent the bill to President Barack Obama&rsquo;s desk yesterday ended a year of partisan wrangling among lawmakers over new protections for consumers and investors in the wake of the 2008 credit crisis. Obama&rsquo;s signing of the measure,...]]></description>
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<title><![CDATA[Grassley a No on Financial Reform Bill]]></title>
<link>http://www.secondmarket.com/articles/grassley-a-no-on-financial-reform-bill.html</link>
<pubDate>Thu, 15 Jul 2010 00:00:00 -0500</pubDate>
<description><![CDATA[
    Senator Charles E. Grassley, Republican of Iowa, said on Wednesday that he would vote against a sweeping overhaul of the nation&rsquo;s financial regulatory system because he said Democrats were using an accounting &ldquo;gimmick&rdquo; to pay for administrative costs of the bill and because the legislation, over all, was simply not tough enough on Wall Street
    Mr. Grassley voted in favor of the earlier Senate version of the bill, and he had been a strong advocate of tougher regulation...]]></description>
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