Beware of the private equity “innovation,” the long-lived or “permanent capital” fund. It is virtually guaranteed to short change investors on returns needed to compensate for the longer holding period.
Read more...Double whammy regularity revelations wallop Deutsche bonds and shares, raising the old question: When will she buckle?
Read more...Collateralized loan obligations and other risky corporate credit assets are trading at tight risk spreads despite stock market upheaval. What gives?
Read more...Shareholders step up demands for companies disclose more information about the impact of climate change; these calls extend beyond energy companies.
Read more...Musing on the market swan dive yesterday.
Read more...SEC staff letter raises detailed concerns about offering products based on bitcoin or other cryptocurrencies to retail investors.
Read more...Billions, nay trillions, of processors. What, if anything, to do?
Read more...What makes a board effective?
Read more...Genworth’s flagging long-term insurance business as a window into the challenges facing even the high-functioning elderly.
Read more...AI may revolutionise risk management and financial supervision, but also threatens to destabilise markets and increase systemic risk.
Read more...Beware of old CDO risk re-imaged as “nonlinear finance”.
Read more...PG&E, tree-trimming, and profit.
Read more...CalPERS refuses to change its election procedures to comply with California law, and has doubled down on ridiculous justifications instead.
Read more...How pipeline risk poses a danger to banks even in an “originate to distribute” business like loan syndication.
Read more...Hollywood relies ever more heavily on repetitive content.
Will firms like Netflix, Facebook, Amazon, and Google swallow it whole?
