Hints and tips:
...Another short-selling aspect that often gets forgotten is how higher interest rates also help L/S hedge fund returns by increasing their cash returns....
...Even so, it is worth consulting the catalogue online (“Découvrez l’univers des tomates”) as it is full of advice and detail even if you cannot import the plants across the English Channel....
...Unlike many trading firms, Jane Street also makes a point out of paying its people according to their contribution to the broader company, rather than tying it to personal P&L or the earnings of their desk...
...Whenever I visit in September I am ashamed at my potted pelargoniums compared with hers, ranging from two ivy-leaved variegated varieties, Rose Silver Cascade and L’Elegante, to two Uniques, Scarlet and...
...The best paper on this is probably Jean-François L’Her, Rossitsa Stoyanova, Kathryn Shaw, William Scott, and Charissa Lai’s paper “A Bottom-Up Approach to the Risk-Adjusted Performance of the Buyout Fund...
...L&I ETFs do not currently pose a risk to UK financial stability, but this could change if they grow in popularity....
...Before I experienced Barkley L Hendricks’ revelatory retrospective at the Studio Museum in Harlem in 2008, I had never seen more than a couple of his works at a time....
...Banco Popular Del Peru or Allied Bank Int’l v. Banco Credito Agricola de Cartago is your idea of fun....
...The rest comes from visitors; fees, events and the support of many Friends worldwide (l.saintleger@vaux-le-vicomte.fr, for details)....
...Remember that at the time a lot of people thought this would become a redux of the S&L crisis and that a recession was unavoidable as banks retrenched....
...Well, l that’s the right thing to do at the individual level....
...Easier monetary policy “may only lead to an “L-shaped” recovery in the sector in coming years”, Goldman noted. JPMorgan’s China economists are also alarmed at recent developments....
The TVA org chart; S&L echoes; analyst bootcamp; and valuing Substack
...Lemmons often visits the New Orleans home Blanchard shares with his wife, Robin....
...The ad hoc group includes funds and accounts managed by King Street Capital Management, L.P., funds and accounts managed by BlackRock, funds and accounts managed by Brigade Capital Management, and other...
...While it was still unclear whether the SVB debacle would cascade into a big fat new S&L Crisis, “it does seem inevitable that some banks will now need to pull back on lending to shore up their balance sheets...
...Essentially, to juice its P&L in the short term, SVB ambled into 2023 almost completely unhedged — in effect, a massive multibillion-dollar bet that interest rates were approaching their peak....
...Some can establish discretionary loss-absorbing buffers before accounting P&L is calculated (eg NBB and DNB)....
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...Head pastry chef Jérémy Prakhin has hand-crafted the creature – which is filled with hazelnut gianduja – from chocolate supplied by Valrhona, a luxury French chocolatier based in the small town of Tain-l’...
...You would not stay there very long unless you boosted the P&L....
...On one hand they have a balance sheet and a P&L like anyone else, and right now they’re not looking great....
...Perriand went on to succeed as a designer and architect in a man’s world: her mantra – “l’art de vivre” (“the art of living”) – born of the belief that good design could transform lives....
...And it’s that L-word that really gets people worried....
...“Next slide, please” by Claire L Evans in the MIT Technology Review also charts the moment when PowerPoint changed everything: the person giving the presentation could also prepare it....
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