Comments on: On Sovereign and Quasi-Sovereign Risks http://alephblog.com/2009/12/01/on-sovereign-and-quasi-sovereign-risks/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Propinvestor007http://alephblog.com/2009/12/01/on-sovereign-and-quasi-sovereign-risks/comment-page-1/#comment-23815 Propinvestor007 Thu, 03 Dec 2009 21:51:21 +0000 http://alephblog.com/?p=2177#comment-23815 As we look at all of these markets how do we sort out the opportunities. I am interested in looking into buying distressed debt instruments and would like to see what anyone might know. I am looking at alternative new investment opportunities and I have found a new resource for Distressed Debt Investing through buying pre-foreclosure notes through auction. Has anyone been engaged in this activity. One sight that I have found offers auctions on these properties, and I would like to know if anyone has used them or knows of similar websites out there targeting Distressed Debt Investing... Check out www.RealtyNoteBid.com and let me know your thoughts…have you used them? Do you know anyone who has? Any feedback? Do you have any other resources / info that might help in my understanding this investment channel. As we look at all of these markets how do we sort out the opportunities. I am interested in looking into buying distressed debt instruments and would like to see what anyone might know. I am looking at alternative new investment opportunities and I have found a new resource for Distressed Debt Investing through buying pre-foreclosure notes through auction. Has anyone been engaged in this activity. One sight that I have found offers auctions on these properties, and I would like to know if anyone has used them or knows of similar websites out there targeting Distressed Debt Investing… Check out http://www.RealtyNoteBid.com and let me know your thoughts…have you used them? Do you know anyone who has? Any feedback? Do you have any other resources / info that might help in my understanding this investment channel.

]]> By: Craighttp://alephblog.com/2009/12/01/on-sovereign-and-quasi-sovereign-risks/comment-page-1/#comment-23813 Craig Wed, 02 Dec 2009 23:56:16 +0000 http://alephblog.com/?p=2177#comment-23813 Add Brazil to the list. Ask any B holders of Aracruz. NYSE/ADR listing didn't help much. Add Brazil to the list. Ask any B holders of Aracruz. NYSE/ADR listing didn’t help much.

]]> By: matthttp://alephblog.com/2009/12/01/on-sovereign-and-quasi-sovereign-risks/comment-page-1/#comment-23812 matt Wed, 02 Dec 2009 23:44:27 +0000 http://alephblog.com/?p=2177#comment-23812 "Complexity in bonds is usually a loser for the lender" This is especially sage. The convertible bond arb that has been going on for the last 25 years or so is a perfect example of how issuers get crushed by straying from the plain vanilla. “Complexity in bonds is usually a loser for the lender”

This is especially sage. The convertible bond arb that has been going on for the last 25 years or so is a perfect example of how issuers get crushed by straying from the plain vanilla.

]]> By: Natehttp://alephblog.com/2009/12/01/on-sovereign-and-quasi-sovereign-risks/comment-page-1/#comment-23810 Nate Wed, 02 Dec 2009 15:22:02 +0000 http://alephblog.com/?p=2177#comment-23810 What about investing in corporate bonds in emerging markets? In countries without strong laws with regards to shareholder rights there are usually strong debt laws protecting creditor rights. In most emerging or frontier markets debt tends to trade like an equity. I see two potential problems with this: 1) In most emerging markets credit is from bank lending and not market driven leaving few securities available for purchase. 2) For the US investor without the resources to invest in individual emerging market corporate issues but who still wants to create a diversified portfolio of issues there are almost no options available. Most foreign bond funds focus on sovereign issues not corporates. Many foreign bond funds also act as a sort of currency play, there are a few hedged funds, but they still focus on sovereign issues. Any thoughts? What about investing in corporate bonds in emerging markets? In countries without strong laws with regards to shareholder rights there are usually strong debt laws protecting creditor rights. In most emerging or frontier markets debt tends to trade like an equity.

I see two potential problems with this:
1) In most emerging markets credit is from bank lending and not market driven leaving few securities available for purchase.
2) For the US investor without the resources to invest in individual emerging market corporate issues but who still wants to create a diversified portfolio of issues there are almost no options available. Most foreign bond funds focus on sovereign issues not corporates. Many foreign bond funds also act as a sort of currency play, there are a few hedged funds, but they still focus on sovereign issues.

Any thoughts?

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