Established in January 1999‚ Pine Street Capital (PSC) was a market-neutral hedge fund that specialized in the technology field‚ facing market risk and trying to decide whether and which way to use in order to hedge equity market risk. They choose technology sector because the partners of PSC felt that they have enough ability to evaluate this sector and specially be good at picking out-performing stock. Short-selling of NASDAQ and options hedging strategy are the two major hedging choices for PSC
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Pine Street Capital Discussion and Analysis 1 PINE STREET CAPITAL – WHAT RISK TO HEDGE & WHAT TO BEAR? Hedge: market related risks 1. Currently managing a market neutral fund ($32 AUM) In the past the market risk was hedged by shorting or short-selling representative shares of the market index In the past the market riskunder was The alternative hedged by shorting hedging the consideration was or shortselling representativehelp of put market risk with the shares of the market the market
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Josephine Baker was an American singer‚ dancer‚ and actress who rose to fame in France during the Harlem Renaissance: “a literary and intellectual flowering that fostered a new black cultural identity in the 1920s and 1930s”(Rowen). Josephine Baker was the first African American female to star in a movie‚ the only woman to speak during the March on Washington alongside of Martin Luther King Jr.‚ and the first black international pop icon (Lewis). Jo Baker is best known for‚ her “jungle banana dance”
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John Brehm’s “sea of Faith” is a short 46 line poem written in 2004‚ which vividly describes a conversation being played out in the speaker’s head. A student asks the teacher (speaker) if the Sea of Faith is physically real‚ to which the poems view shifts to the thoughts occurring in the teachers head. While he is forming his thoughts‚ he comes to the conclusion that the students in his class are unknowledgeable and don’t pay attention very well. His thoughts further develop to a pool of insults
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Background Pine Street Capital is a market-neutral hedge fund in the technology field and is facing market risk and has to decide which way to use in order to hedge the risk. It can either use short selling of NASDAQ or options hedging strategy. Each strategy has its own advantage in different economic conditions. As the fund has just gone through a volatile period in NASDAQ’s history‚ PSC has to choose between two choices. Choice 1: Continuing to hedge market risk by short selling Choice 2:
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Analysis of the poem “Sea Fever” by John Masefield The poem is about a person whose intense desire is to return to the sea. The person or the speaker has been to the sea before and the repetition of the line “I must go down to the seas again” in every stanza‚ brings out the speaker’s longing to experience sea life again. The speaker wants only a star to guide his tall ship‚ with the sails moving to the wind thereby wishing for a solitary life‚ with only nature taking control in directing him. “And
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with becoming a spy. I had started a spy training class for kids at Winstead. Every recess we would climb up to the top of a hill and spar‚ then I became homeschooled and the club died. During homeschool my mom would have us do research papers. Two of the papers I remember the most are MLK Jr. and Josephine Baker. Josephine Baker opened my eyes‚ she showed me that a spy had to be brave and willing to risk everything. Not only was Josephine an example for me she was an inspiration and an idol for so
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not end until after a 71 day standoff February 28th‚ 1973 at Wounded Knee against Indians and the American government in a protest. The Indians were fighting for their treaty rights (Wounded Knee the Longest War). The Indians wanted the world to see what it was like to be them‚ to live in poverty and feel racism as well as being powerless against the government. The elder women were just as involved in the standoff as men. The Indians had demands such as the United States should recognize the Oglala
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Clienteling the Bakers’ Way Statistical Importance “Most wealthy consumers (86%) are willing to provide personal information to luxury firms if it results in a superior experience.” “More than three-fourths (77%) are happy to supply their email address.” Bakers has an opportunity to go beyond email capturing via clienteling. While we already provide outstanding customer service‚ we have yet to seize superior service by establishing and maintaining relationships with our customers. Grandmothers
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Heldt Mr. Bender English 10000 8 May 2012 The Sea After reading The Old Man and the Sea‚ written by Ernest Hemingway‚ I found the most interesting part of the book to be the sea itself. One can almost consider the sea another character‚ due to the vital role it plays in the short novella. The sea provides a glimpse at Santiago’s knowledge and experience that he has acquired throughout the course of his life. As well as the sea is used as a metaphor to the literary community‚ if one
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