Category Archives: Risk and risk management

Climate Damages: Uncertain but Ominous, or $51 per Ton of Carbon?

The dark and contested art of pricing carbon emissions.

Even Endowments Not Beating Vanguard….So What Good Are Those High Fee Private Equity and Hedge Funds?

Even endowments, the supposed best of best among diversified investors, are finding that their old alternative investment mojo isn’t working these days.

Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership

Trading stocks can be a lot like buying a used car.

The UK’s Reform of Limited Partnership Law: Dead on Arrival (I)

Scottish Limited Partnerships and International Crime: NO evidence??

CalPERS Admits Its New Private Equity Funds Will Dilute Returns, Seeks to Change Benchmark to Hide That; Presents Other Questionable Claims as Top Investors Underperform Due to “Alternative Investments”

Awfully late in the game, CalPERS finally tries to ‘splain its private equity plans. The giant fund only digs its hole deeper.

Is This Time Different? Examining Recent Emerging-Market Turbulence

Some emerging-market economies look wobbly. How likely are we to see more crises?

Boeing, Crapification, and the Lion Air Crash

Boeing looks culpable for the Lion Air crash that killed 189 people.

Contagion in the European CoCos Market

the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.

Mr. Market’s Hissy Fit May Be Over….For Now

Puzzling out the markets have changed, and not changed, since the crisis.

Bankers’ Liability and Risk Taking

Why limited liability for banks is not such a hot idea.

The Bank of International Settlement’s Claudio Borio, Who Warned About the Crisis, Says the World Economy Is About to Get Very Sick

BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris

Something Russia and EU Appear to Agree on – the Euro

The very rational case for Russia and the EU to trade oil in euros.

Post Crisis Measures Have Failed to Tame Derivatives Risks

Derivatives remain an untamed systemic risk.