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Many convertible bonds trading at deep discount, J.P. Morgan says
Convertible bonds were among the potentially valuable assets left trampled underfoot as hedge funds stampeded out of securities in the past half year, leaving bargains for investors who want to look through the rubble.
Market Watch

Barack Obama flies into London to face the challenges
. Merkel and Sarkozy move to seize summit initiative . City prepares for G20 protests as Barack Obama arrivesBarack Obama flew into Britain last night ahead of the G20 summit to face demands that world leaders make significant progress on financial regulation.Angela Merkel, the German ­chancellor, and Nicolas Sarkozy, the French ­president, will throw down the gauntlet today by staging a joint press conference in ­London demanding the G20 summit usher in a new era of global regulation of banks, ­executive bonuses, hedge funds andoffshore tax havens.In what will be seen as a challenge to Obama, they will also insist nobody at the summit should discuss a fresh stimulus package, despite a report from the ­Organisation for Economic Co-operation and Development that 'world trade is now in freefall'.The expected Franco-German show of solidarity will come amid frantic rounds of diplomacy, starting with a joint press conference by Gordon Brown and Obama this morning, and culminating in a state
Guardian

Apollo Fund Fell 60% on $1.2 Billion in Write-Downs
A publicly traded fund that invests alongside private-equity firm Apollo Management reported a 60% drop in the value of its assets in 2008.
Wall Street Journal

Atticus signals halt to Deutsche Börse siege
Atticus Capital, one of two funds that have run on-off assaults on the German exchange for the past four years, said it had sold almost all of its stake
FT

Vietnam allows forex swaps to offset dong scarcity - Forbes
Vietnam allows forex swaps to offset dong scarcityForbes, NYHANO I, March 31 (Reuters) - Banks in Vietnam in need of short-term dong funds after a surge in lending under a government stimulus package can use foreign exchange swap deals with the central bank to meet their needs, the State Bank of Vietnam said. ...
Info 5000

`Tarp cop` launches probes into bail-out fraud
US authorities have launched more than a dozen criminal investigations into possible fraud involving bank bail-out funds, the special inspector-general for the troubled assets relief programme told Congress
FT

Judge Freezes Madoff Assets
Family and feeder-funds executives barred from selling assets.
Forbes

Hedge Funds: Carhart, Iwanowski to retire as Goldman reorganizes quant unit
Mark Carhart and Ray Iwanowski, who ran what used to be Goldman Sachs' largest hedge fund, are retiring as the investment bank reorganizes its so-called Quantitative Investment Strategies team, according to a memo.
Market Watch

Sequoia Fund Sticks To Its Guns (BRK.A, BRK.B, MLM, FAST, MHK)
The Sequoia Fund is one of the best performing mutual funds in the last generation. Its solid history makes it a smart investment today.
Investopedia.com

Hedge funds mostly OK with closer oversight
Hedge funds generally accept the Obama administration's proposal to require managers to register with regulators, but want to ensure their information will be kept confidential.
Msn

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