Nobody buys the idea that China will save the world
Thursday, 19 March 2009 | 4:36 pm
Nobody buys the idea that China will save the world. Rightly. China is just not big enough to drag the world out of the mire. Of course China is a major player in certain areas of the global economy e.g. commodities (it accounted for around one-quarter of global copper consumption last year, for example), but if the
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Hedge Fund Fees. Suggestions for the Future
Thursday, 19 March 2009 | 8:04 am
I have argued before that hedge fund fees were poorly designed, and in that article had suggested a possible design for performance fees. Here I provide more detail into what I think is a practical solution which addresses some but not all of the problems with current fee structures.
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Leverage: Nothing is Good or Bad…
Tuesday, 17 March 2009 | 5:19 pm
Leverage. It always gets blamed whenever bad things happen to investments and markets. But leverage in itself is neither good nor bad. Leverage is a magnifier of returns, both positive returns and negative returns. The idea behind leverage is that it can be used to make a small return into a big return. Here is
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China US Dialogue
Monday, 16 March 2009 | 10:49 am
Dear China, Thank you for being a good partner over the last decade. You have been a great help in helping to keep inflation low by being a low cost producer. We have been happy to export our productive capacity to you. We have been happy to buy your exports. While this has created
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Asia to rally
Friday, 13 March 2009 | 9:59 am
We never used to use the ANR function on Bloomberg – it always seemed a bit pointless tracking analysts’ recommendations and target prices which for the most part followed share prices with a six month lag – but we have now become converts.
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