The Foreign Service Journal, July 1932
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Absolute Returns
Absolute Returns The Risk and Opportunities of Hedge Fund Investing by Alexander M. Ineichen John Wiley & Sons © 2002 514 pages Focus Take-Aways Leadership & Mgt. • Sociologist Alfred Winslow Jones set up the fi rst hedge fund in 1949. Strategy • Warren Buffett set up a fund that fi ts today’s perception of a hedge fund in the 1950s. Sales & Marketing • Absolute return money managers play both the long and short side of the market. Corporate Finance • Good hedge fund managers specialize. Analyzing their motivation and performance Human Resources is diffi cult. Technology & Production • Markets are never completely effi cient, and active managers can beat them sometimes. Small Business Economics & Politics • Arbitrage traders take offsetting positions in related instruments whose performance is fairly predictable. Industries & Regions • Market neutral strategies are a form of arbitrage that seeks to exploit market Career Development ineffi ciencies by holding roughly equivalent long and short positions. Personal Finance • These strategies have been quite profi table. Concepts & Trends • One investor’s risk is another’s opportunity. • Hedge fund investing may represent a paradigm shift or it may be a bubble. Rating (10 is best) Overall Applicability Innovation Style 8 8 8 7 To purchase individual Abstracts, personal subscriptions or corporate solutions, visit our Web site at www.getAbstract.com or call us at our U.S. offi ce (954-359-4070) or Switzerland office (+41-41-367-5151). getAbstract is an Internet-based knowledge rating service and publisher of book Abstracts. getAbstract maintains complete editorial responsibility for all parts of this Abstract. The respective copyrights of authors and publishers are acknowledged. -
I Hedge Fund Basics
ccc_strachman_ch01_9-44.qxd 6/15/05 12:03 PM Page 9 1Chapter Hedge Fund Basics or the better part of the past twenty years, the only time the press mentioned hedge funds was when one blew up or some Fsort of crisis hit one of the world’s many markets. All that changed in the late summer of 1998. The currency crisis in Asia spread to Russia, then crept into Europe, and finally hit the shores of the United States in mid-July and early August. Many who follow the markets assumed that things were bad and were going to stay that way for a very long time. And of course the first people who were looked at when the volatility hit was the hedge fund community. Although no one knew for sure what was going on and who and how much was lost, one thing was clear: Many of the most famous hedge funds were in trouble. After COPYRIGHTEDweeks of speculation and rumors, MATERIAL the market finally heard the truth: The world’s “greatest investor” and his colleagues had made a mistake. At a little before 4 P.M. eastern standard time (EST) on Wednesday, August 26, Stanley Druckenmiller made the an- nouncement on CNBC in a matter-of-fact way: The Soros organiza- tion, in particular its flagship hedge fund, the Quantum Fund, had lost more than $2 billion in recent weeks in the wake of the currency 9 ccc_strachman_ch01_9-44.qxd 6/15/05 12:03 PM Page 10 10 HEDGE FUND BASICS crisis in Russia. The fund had invested heavily in the Russian mar- kets and the trades had gone against them. -
Journal of World-Systems Research
JOURNAL OF WORLD-SYSTEMS RESEARCH ISSN: 1076-156X | Vol. # 21 No. 2 | http://dx.doi.org/10.5195/jwsr.2015.9 | jwsr.org From Socialism Vol.to Hedge 1 | DOI Fund: 10.5195/JWSR.1 The Human Element and the New History of Capitalism David Huyssen The University of York [email protected] Abstract Alfred Winslow Jones was a socialist who founded the first hedge fund in 1949. Born in 1900, he had occupied successive positions of diplomatic, academic, and journalistic influence, and his invention of the modern hedge fund has had an outsized impact on global capitalism’s contemporary round of financialization. His life would therefore appear to offer ideal material for a “great-man” biography. Yet this “great man” also recognized that structural forces were continually undermining his hopes for social change. Following Georgi Derluguian, Giovanni Arrighi, and Marc Bloch, this article proposes a world-system biography of Jones as a method better suited for mapping the internal dialectics of twentieth-century capitalism, using Jones as a human connection between cyclical and structural transformations of capitalism, and across changes of phase from financial to material expansion—and back again. Contemporary hedge funds are the material and symbolic quintessence of the current, hyper-financialized world-system and its ongoing crises of inequality and overaccumulation, or David Harvey’s “vulture capitalism.” Yet they were conceived by a man devoted to rectifying the political-economic chaos following an earlier crisis of overaccumulation. On another level, this article suggests a theoretical reorientation—toward what Bloch called “the human element”—for studies of capitalism’s cultural and material history. -
Irving╎s Income As a Diplomat
Studies in English, New Series Volume 5 Special American Literature Issue, 1984-1987 Article 18 1984 Irving’s Income as a Diplomat Ralph M. Aderman The University of Wisconsin, Milwaukee Follow this and additional works at: https://egrove.olemiss.edu/studies_eng_new Part of the American Literature Commons Recommended Citation Aderman, Ralph M. (1984) "Irving’s Income as a Diplomat," Studies in English, New Series: Vol. 5 , Article 18. Available at: https://egrove.olemiss.edu/studies_eng_new/vol5/iss1/18 This Article is brought to you for free and open access by the Studies in English at eGrove. It has been accepted for inclusion in Studies in English, New Series by an authorized editor of eGrove. For more information, please contact [email protected]. Aderman: Irving’s Income as a Diplomat IRVING’S INCOME AS A DIPLOMAT RALPH M. ADERMAN THE UNIVERSITY OF WISCONSIN, MILWAUKEE Although Washington Irving earned his living primarily by his writing, his income from his service as a diplomat supported him when his literary earnings were slow or non-existent. His nephew and biographer, Pierre Munroe Irving, who has itemized the receipts from the sale of his copy-righted writings from Knickerbocker's History of New York to the Life of George Washington and the collected editions published by G. P. Putnam, has arrived at a total of $205,383.34 by the time of Irving’s death in November 1859. An additional $34,237.03 accrued from sales during the next four years.1 Since P. M. Irving did not include income from Irving’s journalistic writing for the Morning Chronicle, the Analectic Magazine, and the Knickerbocker Magazine and payments for other volumes not included in the tally, we can assume that his literary earnings probably totaled about $250,000. -
Seasons in Hell: Charles S. Johnson and the 1930 Liberian Labor Crisis Phillip James Johnson Louisiana State University and Agricultural and Mechanical College
Louisiana State University LSU Digital Commons LSU Doctoral Dissertations Graduate School 2004 Seasons in hell: Charles S. Johnson and the 1930 Liberian Labor Crisis Phillip James Johnson Louisiana State University and Agricultural and Mechanical College Follow this and additional works at: https://digitalcommons.lsu.edu/gradschool_dissertations Part of the History Commons Recommended Citation Johnson, Phillip James, "Seasons in hell: Charles S. Johnson and the 1930 Liberian Labor Crisis" (2004). LSU Doctoral Dissertations. 3905. https://digitalcommons.lsu.edu/gradschool_dissertations/3905 This Dissertation is brought to you for free and open access by the Graduate School at LSU Digital Commons. It has been accepted for inclusion in LSU Doctoral Dissertations by an authorized graduate school editor of LSU Digital Commons. For more information, please [email protected]. SEASONS IN HELL: CHARLES S. JOHNSON AND THE 1930 LIBERIAN LABOR CRISIS A Dissertation Submitted to the Graduate Faculty of the Louisiana State University and Agricultural and Mechanical College in partial fulfillment of the requirements for the degree of Doctor of Philosophy in The Department of History by Phillip James Johnson B. A., University of New Orleans, 1993 M. A., University of New Orleans, 1995 May 2004 ACKNOWLEDGEMENTS My first debt of gratitude goes to my wife, Ava Daniel-Johnson, who gave me encouragement through the most difficult of times. The same can be said of my mother, Donna M. Johnson, whose support and understanding over the years no amount of thanks could compensate. The patience, wisdom, and good humor of David H. Culbert, my dissertation adviser, helped enormously during the completion of this project; any student would be wise to follow his example of professionalism. -
The Diplomatic Stalemate of Japan and the United States: 1941
Portland State University PDXScholar Dissertations and Theses Dissertations and Theses 5-24-1973 The diplomatic stalemate of Japan and the United States: 1941 David Hoien Overby Portland State University Follow this and additional works at: https://pdxscholar.library.pdx.edu/open_access_etds Part of the Asian History Commons, Diplomatic History Commons, Political History Commons, and the United States History Commons Let us know how access to this document benefits ou.y Recommended Citation Overby, David Hoien, "The diplomatic stalemate of Japan and the United States: 1941" (1973). Dissertations and Theses. Paper 1746. https://doi.org/10.15760/etd.1746 This Thesis is brought to you for free and open access. It has been accepted for inclusion in Dissertations and Theses by an authorized administrator of PDXScholar. Please contact us if we can make this document more accessible: [email protected]. AN ABSTRACT OF THE THESIS OF David Hoien Overby for the Master of Science in Teaching History presented May 24, 1973. Title: The Diplomatic Stalemate of Japan and the United States: 1941. APPROVED BY MEMBERS OF THE THESI Bernard v. Burke, Chainnan George c. Hoffma~ ~ This thesis contends from the time of September 1940 to the Japanese attack on Pearl Harbor, the United States and Japan offered each no workable concessions that might have deterred war. A stalemate was finnly established between the two countries. The position ,of the Japanese nation was to expand and control "Greater East-Asia," while the position the United States held was one that claimed all nations should uphold certain basic principles of democracy, that all nations should honor the sanctity of treaties," and that they should treat neighboring countries in a friendly fashion. -
Walter Henry Judd Papers
http://oac.cdlib.org/findaid/ark:/13030/tf4g5003c4 Online items available Register of the Walter Henry Judd papers Finding aid prepared by Rebecca J. Mead Hoover Institution Library and Archives © 1998 434 Galvez Mall Stanford University Stanford, CA 94305-6003 [email protected] URL: http://www.hoover.org/library-and-archives Register of the Walter Henry Judd 85003 1 papers Title: Walter Henry Judd papers Date (inclusive): 1922-1988 Collection Number: 85003 Contributing Institution: Hoover Institution Library and Archives Language of Material: English Physical Description: 273 manuscript boxes, 24 oversize boxes, 25 envelopes, 10 motion picture film reels, 19 phonorecords(152.0 Linear Feet) Abstract: Correspondence, speeches and writings, reports, memoranda, minutes, statements, press releases, notes, printed matter, and audio-visual material relating to American domestic politics and foreign policy, anti-communist movements, the Chinese Civil War, American foreign policy towards China, the question of United States and United Nations recognition of China, and aid to Chinese refugees. Digital copies of select records also available at https://digitalcollections.hoover.org. Creator: Judd, Walter H., 1898-1994 Access The collection is open for research; materials must be requested at least two business days in advance of intended use. Publication Rights For copyright status, please contact the Hoover Institution Library & Archives Acquisition Information Acquired by the Hoover Institution Library & Archives in 1985. Preferred -
The Rise of the United States' Airfield Empire in Latin
The Rise of the United States’ Airfield Empire in Latin America, North Africa, the Middle East and Southern Asia (1927-1945) How America’s Political Leaders Achieved Mastery over the Global Commons and created the “American Century” By Jonathan Ruano de la Haza June 1, 2012 Supervisor: Professor Eda Kranakis HIS 9999 T Thesis submitted to the Faculty of Graduate and Postdoctoral Studies in partial fulfillment of the requirements for the PhD degree in History University of Ottawa Department of History Faculty of Graduate and Postdoctoral Studies University of Ottawa © Jonathan Ruano de la Haza, Ottawa, Canada, 2012 i Abstract The Rise of the United States’ Airfield Empire in Latin America, North Africa, the Middle East and Southern Asia (1927-1945): How America’s Political Leaders Achieved Mastery over the Global Commons and created the “American Century” Jonathan Ruano 2012 Professor Eda Kranakis Since the Second World War, the United States has mastered the global commons (the airspace and the sea lanes) with an empire of bases that encircled the earth. These U.S. military bases have not only supported military operations, but were also the foundations for American hegemony. U.S. military bases were key tools of economic domination and globalization, since their purpose was to insure that American corporations enjoyed privileged access to the world’s markets, raw materials and cheap labor. This dissertation seeks to explain the origins of the United States’ base empire, with the main focus being on its overseas aerial infrastructure. By the 1920s, Washington policymakers navigated through the currents of anti-imperialism and pacifism to create an empire that consisted of military bases, but also commercial airfields that could be converted to military use. -
American Visions of the Netherlands East Indies/ Indonesia: US Foreign Policy and Indonesian Nationalism, 1920-1949 Gouda, Frances; Brocades Zaalberg, Thijs
www.ssoar.info American Visions of the Netherlands East Indies/ Indonesia: US Foreign Policy and Indonesian Nationalism, 1920-1949 Gouda, Frances; Brocades Zaalberg, Thijs Veröffentlichungsversion / Published Version Monographie / monograph Zur Verfügung gestellt in Kooperation mit / provided in cooperation with: OAPEN (Open Access Publishing in European Networks) Empfohlene Zitierung / Suggested Citation: Gouda, F., & Brocades Zaalberg, T. (2002). American Visions of the Netherlands East Indies/Indonesia: US Foreign Policy and Indonesian Nationalism, 1920-1949. (American Studies). Amsterdam: Amsterdam Univ. Press. https://nbn- resolving.org/urn:nbn:de:0168-ssoar-337325 Nutzungsbedingungen: Terms of use: Dieser Text wird unter einer CC BY-NC-ND Lizenz This document is made available under a CC BY-NC-ND Licence (Namensnennung-Nicht-kommerziell-Keine Bearbeitung) zur (Attribution-Non Comercial-NoDerivatives). For more Information Verfügung gestellt. Nähere Auskünfte zu den CC-Lizenzen finden see: Sie hier: https://creativecommons.org/licenses/by-nc-nd/4.0 https://creativecommons.org/licenses/by-nc-nd/4.0/deed.de FRANCES GOUDA with THIJS BROCADES ZAALBERG AMERICAN VISIONS of the NETHERLANDS EAST INDIES/INDONESIA US Foreign Policy and Indonesian Nationalism, 1920-1949 AMSTERDAM UNIVERSITY PRESS de 3e PROEF - BOEK 29-11-2001 23:41 Pagina 1 AMERICAN VISIONS OF THE NETHERLANDS EAST INDIES/INDONESIA de 3e PROEF - BOEK 29-11-2001 23:41 Pagina 2 de 3e PROEF - BOEK 29-11-2001 23:41 Pagina 3 AmericanVisions of the Netherlands East Indies/Indonesia -
Excerpts from the Japan Country Reader
Excerpts from the Japan Country Reader (The complete Reader, more than 1300 pages in length, is available for purchase by contacting [email protected].) JAPAN COUNTRY READER TABLE O CONTENTS on Carroll Bliss, Jr. 1924-1926 Commercial Attach*, Tokyo Cecil B. ,yon 1933 Third Secretary, Tokyo .a/ 0aldo Bishop 1931-1932 ,anguage Training, Tokyo 1932 3ice Consul, Osaka 1938-1941 Political Officer, Tokyo 7lrich A. Straus 1936-1940 Childhood, Japan 1946-1910 8-2 Intelligence Officer, 7nited States .ilitary, Japan .arshall 8reen 1939-1941 Secretary to Ambassador, Tokyo 1942 Japanese ,anguage School, Berkeley, California Niles 0. Bond 1940-1942 Consular Officer, Yokohama Robert A. Fearey 1941-1942 Private Secretary to the 7.S. Ambassador, Tokyo Cliff Forster 1941-1943 Japanese Internment, Philippines Ray .arshall 1941-1946 Naval Occupying Forces, Japan Christopher A. Phillips 1941-1946 7.S. Army = Staff of 8eneral .acArthur, Tokyo Eileen R. onovan 1941-1948 Education Officer, Civil Information and Education, Tokyo 1948-1910 Japan-Korea esk Officer, 0ashington, C Abraham .. Sirkin 1946-1948 Chief of News ivision, 8eneral .acArthurAs BeadCuarters, Tokyo Boward .eyers 1946-1949 ,egal Assistant to 8eneral 0illoughby, Tokyo Benry 8osho 1946-1910 Japan esk, 7SIS, 0ashington, C 0illiam E. Butchinson 1946-1911 Staff of 8eneral .acArthur, Tokyo 1912-1914 Information Officer, 7SIS, Tokyo John R. ODBrien 1946-1948 Press Analyst, Civil Information and Education, Japan 1948-1911 Public Affairs Information Officer, 7SIS, Tokyo Kathryn Clark-Bourne 1942-1910 .ilitary Intelligence, Tokyo Richard A. Ericson, Jr. 1942-1910 Consular Officer, Yokohama 1910-1912 Economic Officer, Tokyo 1913 Japanese ,anguage Training, Tokyo 1914-1918 Economic Officer, Tokyo Richard B. -
Calculated for the Use of the State Of
i: m^4- 3n.3M31 H41 A " REGISTER, AND FOR 1835. ALSO CITY OFFICERS IN BOSTON, AND OTHER USEFUL INFORMATION. BOSTON: JAMES LORING, 132 WASHINGTON STREET. — ECLIPSES IN 1835. Tliere will be bvt two Eclipses this year of the Sun, and one of the Monty and a Transit of Mercury, as follows, viz.— I. The first will be of the Sun, May, 27th day, 8h. 48m. evening, invisible. II. The second will be of the Moon, June, 10th day, 6h. Im. eve- ning, invisible. III. The third will be of the Sun, November, 26th day, 5h. 46m. morning, invisible. The Transit of the Planet Mercury, over the Sun's Disk, will take place, November, 7th day, partly visible, as follows, viz. Transit begins Oh. 46m. "^ Mercury wholly entered on the Sun...O 49 / Mo=n *imtx Nearest the Sun's centre 3 21 V^t^n®^®"' Sun's lowest limb sets 4 42 C Transit ends 5 56 j ^ Nearest approach to the Sun's centre, 5m. 34sec. ^fCr The Compiler of the Register has endeavoured to be accurate in all the statements and names which it contains ; but when the difficulties in such a compilation are considered, and the constant changes which are occurring, by new elections, deaths, &c. it is seen at once to be impossible to attain perfect accuracy. He therefore distinctly states, that he declines this responsibleness, and only pre- sents information to the best of his knowledge. 3)7,3 M3 Mil A INDEX. Academy of Music ... 165 Convention of Cong. Min. 123 Agricultural Society .. -
Imageinserate
FONDS & DERIVATE The history of hedge funds: Longer than you might think Many people, even sophisticated investors, believe that hedge funds are a very recent arrival on the investment scene. But that is a very popular misconception.Although Asia saw its first hedge funds only in the 1980s, the very first hedge fund seen anywhere in the world was, in fact, launched four decades earlier, in the United States. It is the widespread and growing popularity of hedge funds that is new, rather than the underlying concept. In fact, their popularity has grown exponentially since the start of the 1990s, and that growth currently shows no signs of slowing. conclude that there Jones that nobody can keep up with”. had to be a system This contained details of his invest- superior to those ment approach, together with the reve- used for managing lation that his partnership had outper- money at the time, formed the most successful mutual and he set about fund that year by 44%. Moreover, it proving it. was reported that between 1949 and Jones raised 1966 his fund had outperformed the US$100,000, US$ average mutual fund by 85% net of 40,000 of which fees. was his own mon- ey, and established A difficult period in the early 1970s an investment part- By the end of 1968 the number of nership utilizing hedge funds had increased to 210, from the theories he had just 80 at the start of the year. The pe- researched for his riod from 1970 to 1974 was a real test article.