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Tuesday, 24 July 2007

Making Sense of the Hedge Fund Meltdown

A Podcast with Frank Armstrong, founder and CEO, Investor Solutions

Frank Armstrong, Investor Solutions
Frank Armstrong
From The Wall Street Journal, (July 18, 2007) ..."The net value of assets in Bear Stearn's  highly indebted fund, High-Grade Structured Credit Strategies Enhanced Leverage Fund, is wiped out, according to people familiar with the matter, who were briefed on the contents of a late-afternoon call with brokers. The net value of assets in its other, larger, less-leveraged fund is roughly 9% of the value at the end of March, these people said. The net-asset value represents the value of an investor's holdings after debts have been paid. "

Tranches, CDO's - ABX, going long, going short. Sub-prime.  If your trying to make sense of the hedge fund mess and what the implications for the economy might be, Frank Armstrong is here to tell it like it is. "Junk by any other name is junk." Which sounds a lot different from "High-Grade Structured Credit Strategies Enhanced Leverage Fund." 

1 Minute with Frank Armstrong:

18 Min:

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Frank  is a pioneer in intergrating academically driven portfolio management techniques with institutional best practices for individual investors around the world. . He is the author of The Informed Investor, A Hype-Free Guide to Constructing a Sound Financial Portfolio, published by AMACOM.

Frank has over 30 years experience in the securities and financial services industry. He holds a B.A. in Economics from the University of Virginia and is a CERTIFIED FINANCIAL PLANNER® practitioner. His best selling book The Informed Investor was cited by Business Week as one of the best investment books of 2002. His first publication, Investment Strategies for the 21st Century, is one of the first books ever published and serialized on the internet in multiple languages.

Frank Armstrong was also a featured columnist on Morningstar.com for a number of years and is a frequent contributor to CNNfn.com, AccountsWorld.com, and Fundsinteractive.com. He has also appeared on "CNN Headline News", "Your Money with Stewart Varney", "PBS Morning Business Report", and Net Financial News. He has also been featured on numerous radio shows around the country including CNBC, Money Life with Chuck Jaffee, and Public Radio stations around the country. Frank is widely quoted in the media and lectures nationwide on principles of investment management.


Frank also served as Chief Investment Strategist for Direct Advice and has served on several boards of directors including the Advisory Board of Florida International University's (FIU) International MBA Program and the United Way of Miami Dade Professional Advisory Board and currently contributes professional education courses to the FIU's CFP® Advisory Board.

Resources

The Informed Investor Website
The Informed Investor (Link to Amazon.com)


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