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...XTX, one of the world’s biggest proprietary trading and market-making groups, had sought to use Aviva Investors’ and L&G Investment Management’s money-market funds to invest some of its own cash....
...*Update: G-Research’s Oli Withers also got all three right, but his email landed after we started the winner’s post. He’s already won twice anyway, so the hat-trick will have to come some other time....
...You can probably guess who remains the reigning champ of earnings call swearing: Ryanair’s Michael O’Leary....
...Market impact from the option-driven funds is more likely to be visible in nuanced vol-market metrics (e.g. correlation) than in overall market volatility....
...“Once forces of financialisation are unleashed, it will be very hard to rein them back in,” said Michael Useem, a professor of management at the Wharton School....
Work hard, fly hard
Did Kenny G call the top?
...Which is why we were so intrigued by the abstract of a new paper by Michael Bradley and Irving De Lira Salvatierra of Duke University and occasional Alphaville contributor Mitu Gulati of the University of...
...M&G Investments thinks interest rates are going down, but not by much (and predicts a “new era for active management,” lol) “Flux” is also a favourite word of Lazard, whose 2024 outlook at least features...
...It seemed like vindication for people like Carl Icahn and Michael Burry, who had warned that ETFs had become so big that they were dangerous — especially in less traded markets like bonds....
...Morgan Stanley analyst Michael Cyprys predicts that traditional active managers will account for about a quarter of the global investment industry’s overall assets* by 2027, down from over a third in 2021...
...(Guardian) — Michael Lewis’s big contrarian bet (New Yorker) — Market bipolarity: exuberance versus exhaustion!...
...Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...An Ordinary Youth by Walter Kempowski, translated by Michael Lipkin, Granta/New York Review Books £18.99, 480 pages Join our online book group on Facebook at FT Books Café...
...Plus, the FT’s Robin Wigglesworth examines whether private equity is a good fit for Norway’s sovereign wealth fund....
...To be fair to Kenny G, his position is more nuanced than this quote would suggest (even if we think there’s an element of Rorschach’s “you’re locked in here with me” vibe here)....
...Additional reporting by Peter Campbell and Claire Jones Letter in response to this article: Baltimore disaster must address totality of risks / From Richard G Little, Visiting Research Scholar Industrial...
...There are also potentially profits from other Riksbank holdings, e.g. gold and the FX reserve in general which could limit the size of the capital injection, although this is uncertain given discrepancies...
...There could of course still be some bodies that float to the surface, but the New York Federal Reserve’s Michael Fleming has now done some more data grunt work to show that the Treasury market’s liquidity...
Succession, Mike-style
...real interest expense and the federal debt-to-GDP ratio look much worse than just a couple of years ago, when the interest rate on government debt (r) was expected to remain well below nominal GDP growth (g)...
...LLMs are generally large portions of the Internet, the quality of LLM responses especially on very specialised topics can be incorrect because the type of text where the “correct” knowledge is stored (e.g....
...That exemption is subject to the following conditions: (1) the issuer of the relevant debt securities (e.g. CS’s bail-in-bonds) and the new equity securities (e.g....
...We estimate that market implied r - g, the difference between real interest rates and growth rates, is now positive for many countries....
...Michael Hi, this is Michael from Ireland. It seems like quantitative easing helped push up stock prices in the US. Did it just seemed like that, or is that what actually happened?...
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