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...In 2018 Credit Suisse’s short volatility XIV ETP was killed off after collapsing 90 per cent in one day. Two years later the Swiss bank delisted and suspended nine more leveraged and inverse products....
...The majority of GTCR’s equity commitment will come from two of its funds, and be split about evenly between its $7.9bn Fund XIII, raised in 2020, and its $11.5bn Fund XIV, which was closed in May, said a...
...In 2018 Credit Suisse’s $1.6bn short volatility XIV ETN was killed off after collapsing 90 per cent in one day....
...To saleroom applause, representatives of French museums stood up to exercise the right, including the Château de Versailles, which bought a pair of Louis XIV marquetry pedestals originally delivered to their...
...Bigger, more important indices like the S&P 500 are more assiduously monitored than niche ones, such as that volatility-linked XIV, are tracked. Minor glitches are exceptionally rare....
...The hard cows-milk variety was invented at the behest of Jean-Baptiste Colbert, finance minister under Louis XIV, in the late 17th century to rival Edam sold by the enemy Dutch....
...Credit Suisse killed off XIV in 2018....
...A version of this article was first published by the Nikkei Asian Review on March 20, 2019. ©2019 Nikkei Inc. All rights reserved....
...I bought the XIV, ’cause I’ll make my money back. I’m a bad boy, ’cause I bought even more. Now XIV is free falling....
...XIV had at one point been the largest inverse ETN, with assets under management peaking at $1.8bn (see chart above)....
...But XIV was just one part of a vibrant, if controversial, corner of the market for trading volatility....
...Investors using them to bet on lower volatility had done well, until the spike in the Vix blew up instruments such as the now notorious “XIV”, the VelocityShares Daily Inverse VIX Short-Term ETN....
...Then Credit Suisse said it would close an exchange traded note, known by the ticker XIV — which is designed to move in the exact opposite direction to the Vix each day, and had thus collapsed as volatility...
...For example, the XIV ETP may have been a money machine over the past five years, but it dived almost 50 per cent in just three torrid trading days in late August 2015....
...Love affair France’s love for state intervention goes back to the 17th century, pioneered by Jean-Baptiste Colbert, Louis XIV’s finance minister....
...Saint-Gobain, a company that was started in 1665 to make glass for French King Louis XIV, first promised to sell the business in 2007 to focus on making building and construction materials....
...And apart from another – probably apocryphal story – of a suit of spider silk clothes made for Louis XIV, this will be the first time any serious piece of clothing has ever been attempted.”...
...An online Lara Croft title was released this week, while Final Fantasy XIV will be available later this year as a massively multiplayer online game, competing with the likes of Activision Blizzard’s World...
...Jean-Baptiste Colbert, Louis XIV’s finance minister, said the art of budgets was to pluck the maximum amount of feathers with the minimum amount of hissing....
...His account ranges ambitiously across history: Jean-Baptiste Colbert, style adviser to Louis XIV, appears in a discussion of brand marketing; Franklin D Roosevelt’s Federal Housing Authority is blamed for...
...In recent years, the family-controlled group that once built cannons for Louis XIV had converted itself into a blue-blooded investment company....
...The group, whose origins go back to making cannons for Louis XIV, abandoned its traditional policy of only taking majority stakes in companies to become more akin to an activist fund....
...“Louis XIV was a very proud and self-confident man: he had such and such mistresses and such and such ministers and he ruled France badly......At the end of the 18th century a couple of dozen men in Paris...
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