Christmas rally in the equity markets

The Christmas rally in the stock markets started on positive labor market data from the US and President Bush' rescue plan for US homeowners financing through subprime mortgages.
The composition of this portfolio is governed by the following criteria:
• The overall portfolio will have a max leverage of 200%.
• 25% of the capital will be allocated to Equities. 20% will stem from our Mean-Reversion Model for Equities. The remaining 5% will be a discre-tionary long or short indices position.
• 20% of capital will be allocated to do Market Neutral Equity trades. This part of the portfolio has been under revision due to a lack of per-formance. Going forward, we will base this part of the portfolio on our Fundamental Ranking Model.
• 35% of capital will be used to play FX Order Book break-outs and to hold FX mid- to long-term positions like Carry Trades and fundamental plays.
• 20% of capital will be allocated for other strategies such as fixed in-come and commodity spreads and other Market Neutral strategies. Other inputs will be pure commodity plays, FX options and single stock trades.
• The maximum drawdown on the entire portfolio from any single posi-tion will be 0.5%.
• The correlations between the positions composing the portfolio will be under constant scrutiny in order to ensure stable returns.

Educational loan

Are you seeking funds to finance your education at a college or university?



Do you need funds to pay for your degree or non-degree courses?



Global Student Loan Corporation can help make your goal of studying in the U.S. or in other selected countries a reality. Through our partners, GSLC can help ease your financial constraints and streamline your overall loan application process.



The Global Student Loan® is the ONLY comprehensive education loan for international and distance learning students that does not require a co-signer in the country in which you are studying. For example, if you seek to study in the U.S., you are not required to have a U.S. cosigner.



We partner with financial institutions throughout the world to provide loan programs that meet students' special needs. In many cases, principal payments may be deferred until graduation when your education will help you secure more financially rewarding career positions. In addition, most loan repayment schedules are spread over a longer period of time than typical consumer loans to significantly reduce your monthly payments.



In addition to covering your tuition, the Global Student Loan® provides funding for other school essentials such as computers, insurance, communications, travel, and housing. GSLC partners with schools and other service providers to fund these other educational expenses so that your attendance is not delayed.



We provide a Loan Certificate that may be used to demonstrate adequate funding to attend school, a requirement for securing a student Visa.



Our commitment to you stems from GSLC’s belief that an education is the best investment an individual and a society can make. The Global Student Loan offers students around the world the opportunity to attain a world-class education.



We recognize that selecting and attending the school of your choice is one of the biggest decisions of your life. Global Student Loan Corporation helps make your dream come true.



Global Student Loan Corporation - We help put the world through school.

Brazil Continues to Interven

For nearly two months, the Central Bank of Brazil was content to sit on the sidelines and watch its currency, the Real, appreciate rapidly against the Dollar. Beginning on October 8, however, the Central Bank has intervened in forex markets every day as part of a targeted effort to depress the Real. Its efforts have been relatively straightforward; rather than issue currency stabilization bonds, the Central Bank has opted to purchase massive quantities of Dollar-denominated assets in the open market, bringing its foreign exchange reserves to $168 Billion. Moreover, its efforts have been largely successful, as the Real has fallen slightly against the Dollar during this period of intervention. However, logic (and past experience) dictate that as soon as it stops intervening, the Real will resume its previous (upward) course against the Dollar. Bloomberg News reports:

Foreign flows into Brazilian financial markets and booming commodity exports have made the real the best performer against the dollar this year among the 16 most-actively traded currencies tracked by Bloomberg, gaining 20 percent.