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The credit markets are not quite seizing up, but there is a lot of nervousness evidence by a big move into short-term Treasuries. The costs of capital are certainly rising for Corporate America.... Read more...
Hedge fund performance perplexed a lot of people last year. Volatility should have made for outsized returns but it didn't really turn out that way. This year, however, things are different. Some... Read more...
In the asset management universe, it has long been accepted that equities outperform other asset classes over the long-term. Those gains, however, come with added volatility. That's the tradeoff.... Read more...
Portfolio magazine raises an interesting question: Is volatility good or bad for hedge funds? The conventional marketing wisdom, of course, is that volatility is what makes hedge funds so... Read more...
Among the companies most damaged by the credit meltdown: credit rating agencies. They were pilloried by investors, government officials and everyone in between. They were portrayed as greedy,... Read more...
State Street has announced that it will set aside $618 million to cover possible legal costs stemming from its foray into subprime securities. That will result in a $279 million loss. State Street... Read more...
The Financial Times asks, do derivatives help hedges against risk or exacerbate volatility. It really depends on which side of the trade you are on. In any case, the growth has been phenomenal. Read more...
According to a recent SEC filing, Morgan Stanley's quant traders lost a cool $395 million in a single day in August. Ouch. That's got to be some sort of record. Goldman Sachs also got hit by the... Read more...