8-14-07 Charles Gradante on Bloomberg TV Taking Stock Explains Reverting to The Mean

Charles Gradante is one of Wall Street's most sought after opinion leaders on matters of the stock market, the global economy, hedge fund strategy and asset allocation. He is the Co-Founder of Hennessee Group (www.HennesseeGroup.com) and he is shown on Bloomberg TV's "Taking Stock" program with host, Brian Sullivan.

Noteworthy highlights from this particular interview include:


- Sentinel Management Group seeks to halt redemptions, a move that causes concern about money market investments

- Toxic subprime mortgages will be a major drawback on the markets in the coming year

- The hedge fund industry is deleveraging, a fact that will be a major drag on the stock and bond markets due to necessary sell-offs necessary to meet prime broker deleveraging requirements

-Big Cap stocks are being dumped as part of the deleveraging process, when they otherwise would have been held

- David Tice, a notorious short seller, well positioned to take advantage of prevailing market conditions in 2007

- Hedge funds are still long credit default swaps and thus are profiting

- Damage from Goldman Sachs Hedge Fund collapse mitigated by the intervention of investments from Ace Greenberg, Eli Broad, and Perry Capital

Hennessee Group LLC is a Registered Investment Adviser that consults direct investors in hedge funds on asset allocation, manager selection, and ongoing monitoring of hedge fund managers. In addition, in 1987 the company created the Hennessee Hedge Fund Index, the hedge fund industry's completely independent manager index. The Index has been in continuous use since 1987 and monitors a diverse community of 1,000 hedge fund managers representing essentially every existing hedge fund management style and strategy.

The firm, Hennessee Group (www.HennesseeGroup.com) is located at 500 5th Avenue, New York, NY 10110 (212) 857-4400.

Category:

News & Politics

Tags:

• hedge funds
• bernard madoff
• louis bacon
• carl icahn
• sec
• CDO
• money market funds
• david tice
• credit default swaps
• eli broad
• perry capital
• goldman sachs hedge fund
• hedge fund performance
• derivatives
• 2007 stock market
• investmnent analysis
• federal reserve bank
• hedge fund index