Hints and tips:
Related Special Reports
...Washington D.C., March 18, 2024 — The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false...
...The best way to get pinged new AV content is to add us to “myFT” and set up an email alert, but if you’d prefer a weekly AV round-up — plus some occasional deep cuts — then this should do the trick....
...TL;DR: The size of funds that directly affect the Vix calculation is too modest, and if they were to blame you’d see a very different pattern in options prices. So what is to blame?...
...So you’d basically be giving up a fairly nice, simple, cheap, transparent model for a bit more opacity, a lot more costs....
...Even with stagnant listings you’d expect average daily volumes to rise over time simply because of inflation – FTSE 100’s market cap has roughly doubled to £2tn over the past two decades....
...Please let us know if you’d prefer NOT to be named in the post that’ll go up on Monday. On all matters, the judge’s decision is final. Godspeed....
...As you’d also expect, the impact was the greatest on the first day of announcement, with negligible effects from subsequent reiterations or new but similar announcements (zoomable version)....
...But we’d suggest that Franklin should have other priorities....
...And if that wasn’t enough to take all this with a pinch of salt, remember that this time last year 85 per cent of economists thought we’d be in a recession by now....
...I’d note that the current pace of asset runoff is around twice what it was in the first half of 2019....
...One Twitter user reported that she’d edited her parents’ missive to remove the number of funerals they’d attended....
...It kept banging on about “May” and “June”, even when they weren’t the possible months they’d used in the revised puzzle, and started making obvious logical errors in its reasoning....
...I am a Robin, last Wednesday was Valentine’s Day, but I am not a bird. I was in my garden, pondering, not tweeting....
...As you’d expect, this rocketed when Covid-19 erupted, to an average of almost 11 hours....
...But in this paper, Hengjie Ai, Ravi Bansal and Hongye Guo review the entire historiography of the field, and show that the effect is actually growing larger rather than shrinking, which is what you’d normally...
...But we’d still love to know a bit more about how investors have done in growth equity — especially some of the more recent vintages....
...You’d be mad to buy and hold it, given both the ongoing management fees and the cost of the embedded leverage (some people have timed it pretty well though)....
...(d) Dividends provide an extra 10%+ return. This is based on est. $12B of cumulative dividends over 3 yrs. on market cap <$100B....
...many dang acronyms Investors can do well enough by sticking to the Agg Relative value trades don’t exist in fixed income There’s no benefit to adding just another bond sector to a portfolio As you’d...
(Not a headline we thought we’d ever write)
...We’d also be apoplectic if we’d waited for a restructuring for three years, only to see it collapse at the last minute....
Private equity’s unhealthy relationship with care
...You’d be forgiven for missing it, but last week the US government quietly reversed one of the biggest deregulatory moves the Trump administration made for the finance industry....
...For example, here are the bid-ask spreads for various benchmark Treasuries (zoomable version): More worryingly but in line with what you’d expect with the Treasury market’s ongoing evolution towards more...
The new Japan
International Edition