Press Releases

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NPR (National Public Radio)
Many major banks are still crippled by bad investments on their books.  Treasury Secretary Timothy Geithner says he wants to set up an investment fund to buy up a lot of those toxic assets.  Micheal Levas of Olympian Capital comments in radio interview with Chris Arnold of NPR.

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Alternative Universe
"At the end of the day, I think you have two good people, Paulson and Bernanke," Levas says.  "Paulson ran Goldman Sachs. Bernanke doesn't have experience on Wall Street, but he's been a great student of the Depression and understands it."

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Advanced Trading
"Specialists add a lot of credence to the market -- a certain amount of consistency and a reliability that we need in the marketplace."

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European Finance Convention
Michael Levas joins prominent public and private sector professionals to advise on such crucial issues as combating the opacity of financial markets, improving the existing supervisory framework, enhancing transparency requirements and achieving the ultimate goal of restoring confidence in the global financial markets.

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Wall Street & Technology
"It boils down to diversification," says Michael Levas, chief investment officer at Olympian Capital Management in Fort Lauderdale, Fla., who selected RBC Capital Markets as a prime broker because it has a triple-A rating and also has a second prime broker on tap in case he needs it.

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Advanced Trading
"The regulators are going to have a field day with this," Levas says. "Former SEC Chairman Levitt recently said that the soft regulatory system doesn't work and now everything we have stood for in the capital markets has been disintegrated."

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TradeTech Canada
Michael Levas, Chief Investment Officer of Olympian Capital Management presents Managing Counterparty Risk: The New Paradigm

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Markets Media Magazine
"I believe that most of the subprime mess is a result of the repeal of the Glass-Steagall Act," Levas says. "It seemed great in the beginning, but it was really a monumental mistake."

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Buyside Technology
Michael Levas at Fort Lauderdale, FL-based investment, hedge fund and wealth manager Olympian Capital Management, expects regulatory issues to stand front and centre in 2009, and also sees counterparty risk as a growing challenge.

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Securities Industry News
"When institutional investors evaluate my hedge fund they are looking my overall operations - my legal team, auditor, and administrator and the best names don't come cheap," says Levas.

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Thompson Hine Seminar
Michael Levas moderates panel at 3rd Annual New York Hedge Fund Seminar presented by Thompson Hine LLP

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Euromoney
"Some of these financial institutions have had a callous disregard for investors. Management has been over-paid, in some cases have received large bonuses on their departure, and have lost money for investors. Investors are owed more than this and I would expect hedge funds and shareholders to be more vocal about their maltreatment."

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ISF Magazine
"It's a constant battle and we really want to focus in on managing the assets instead of wondering if our counterparties are going to be here in a year's time," says Levas.

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TradeTech West
Michael J. Levas reflects on the potential impact of Hank Paulson's regulatory plans on the financial markets-and shows how we could have avoided the subprime debacle and the resulting economic condition we now find ourselves in.

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Business Week
"People who make money in options are the sellers," he says. "They're taking money in, and if the stock is called away, they've still made money on it."

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Absolute Return
"I expect there will be more blips like this ahead, but the fundamentals remain good," says Michael Levas, CIO of Olympian Capital Management

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Alternative Investments Review 
"The increasing expansion and growth of assets in the hedge fund industry worldwide will undoubtedly lead to impacting both the Institutional and retail investor in the years ahead."

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Dow Jones Newswires
Michael Levas, a principal at Olympian Capital and board member of the U.S. Hedge Fund Association, said there's no question of capital flight if margins are raised.  "It's kind of like what Sarbanes-Oxley did for the IPO market, and it could definitely have a similar effect on the futures market," he says.

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Stamford Advocate
Gold's slumping price, however, signals a buying opportunity, said Gus Ganoudis, an investment adviser for Olympian Capital Management of Fort Lauderdale, Fla. "Right now is a good time to get into precious metals. Gold is coming off its high," said Ganoudis.

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HFA Hedge Fund Marketing in the Internet Age
Michael Levas moderates panel to examine the rules that govern how hedge funds are allowed to communicate with qualified investors and the general public. 

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Hedge Fund Manager Week
Michael Levas, formerly a vice president of private client services at Lehman Brothers, is readying his maiden hedge fund.

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