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Nobel prizes have been won in pursuit of the simple fact that diversification is a good idea. But there are times when it seems like an awful idea. For big pensions, now may be one of those times.... Read more...
One good thing about the maligned credit default swaps market is that it allows people to make targeted bets--or buy specific insurance--on just about any bond that trades. It thus offers a barometer... Read more...
This is not the first time Goldman Sachs has faced a crisis. Recall that in 1994, a bond market meltdown forced the partners to dig deep into their own bank accounts to finance a bailout.... Read more...
The New York Times offers a snap history of home equity loans, which used to be known as second mortgages, via the many memorable ads the banking industry churned out. Citigroup's "Live Richly"... Read more...
Many thought we'd be saying farewell to a lot more hedge funds this year. Instead, they have fared surprisingly well. The Greenwich Global Hedge Fund Index is up more than 10 percent year-to-date,... Read more...
The stock market has certainly taken some hits due to uncertainty over the credit crunch. Now it appears that more customers are exiting stock funds. Read more...