Market update - a strange thing about Goldman Hedge Funds - data about the CDS market

Markets started stronger than I thought but they now reached the target areas. After all, for wave A up which is 990/1000 SPX and 1450/60 NDX. The unfinished business of yesterday is finished by now and from here markets should see a retreat the next days. More later as the day progresses.

Excerpt:

http://www.cnbc.com/id/27530827

This is a new Hedge Fund of Goldman, which has lost 16% in 9 months. The flagship alpha Fund has lost substantial money within the last 2 years, which is amazing as the almighty boys beat their peers frequently but not with their Hedge Funds ?.

Goldman Fund Loses Nearly $1 Billion in 9 Months: Report

Excerpt:

http://www.bloomberg.com/apps/news?pid=20601087&sid=awdIS.zeotuY&refer=home

A Goldman Sachs hedge fund that launched in January with over $6 billion under management lost close to $1 billion by September, according to the Financial Times.

The fund, known as Goldman Sachs Investment Partners, has told investors it lost $989 million by September, the newspaper said on Monday.

Excerpt

http://www.bloomberg.com/apps/news?pid=20601087&sid=awdIS.zeotuY&refer=home

Depository Trust to Provide Credit-Default Swaps Data

Nov. 4 (Bloomberg) -- The Depository Trust & Clearing Corp. will publish details of the top 1,000 credit-default swaps today, bowing to regulatory pressure for more transparency in the $47 trillion market.

The data from the DTCC, which operates a central registry, will for the first time offer a clearer picture of the amount wagered on the creditworthiness of the world's companies and governments.

The industry has stepped up efforts to counter critics among U.S. lawmakers and regulators who say the lack of transparency in the market exacerbated the financial turmoil. The collapse of Lehman Brothers Holdings Inc. contributed to a decline in financial markets last month because no one knew how many contracts were outstanding on the securities firm, or who had held them. Estimates ranged as high as $400 billion, though the actual amount turned out to be $72 billion, the DTCC said.

DTCC is controlled by a board of members, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and other dealers that created and control trading in the credit-default swap market. Trading exploded during the past decade as the market went from being largely a tool for banks to hedge loans to a place where hedge funds, insurance companies and asset managers could speculate on the creditworthiness of companies, governments and other borrowers, including homeowners.