2010. Looking back. Looking forward.
Monday, 04 January 2010 | 7:14 am
2009 was an interesting year in a different way that 2008 was an interesting year. In 2008 we thought that financial markets would disintegrate. In 2009, equities rallied, credit spreads tightened, the TED spread and LIBOR tightened while commodities recovered and emerging market sovereign bonds saw robust demand. Low risk developed world government bonds fared
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Hedge Fund Performance 2009 09
Monday, 16 November 2009 | 4:22 am
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The Problem With Our Financial System and a response to Jeremy Grantham
Thursday, 05 November 2009 | 5:17 am
Jeremy Grantham of GMO in a recent letter writes about a number of interesting points: Bernanke missing the housing bubble and its bursting, the potentially disastrous implications interactions between lower house prices and new financial instruments (MBS, CDOs), and international distribution of the associated risk. Other Teflon Men: Larry Summers, encouraging deregulation and lighter regulation
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Hedge Fund Performance 2009 09
Wednesday, 04 November 2009 | 4:37 pm
Hedge Fund Performance 2009 09 Hedge funds as represented by the HFRI returned 17.01% year to date. In the same time period, the MSCI World returned 38.08% YTD. Global Bonds measured by the Barclays Global Bond Index (the old Lehman Agg) gained 8.14%, and the CRB Index (Commodities) gained 17.71%. Adding more
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Hedge Fund Leverage. Too much or too little?
Monday, 02 November 2009 | 3:05 pm
Hedge Fund Leverage. Too much or too little? Every time there is a hedge fund crisis the subject of leverage comes up. But how does one define leverage in a hedge fund? Is it the same definition you would use for a proprietary trading desk being allocated risk?
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