By Aswini Bajaj, CA, CS, CFA, FRM, CAIA, CIPM, CCRA, CIRA, CIIB, AIM & Team Leveraged Growth Introduction Since the mid-20th century, mankind has faced the problem of self-induced climate change which has caused ecological havoc and is now also impac…
- 4 days ago, 13 Jan 21, 7:00pm -

By Winston Ma, CFA & Esq – Adjunct Professor, NYU School of Law Who holds the power in financial markets? For many, the answer would probably be the large investment banks, big asset managers and hedge funds that are often in the media’s spotligh…
- 5 days ago, 12 Jan 21, 7:00pm -

By Shana Sissel, CAIA – Chief Investment Officer of Spotlight Asset Group For almost two decades I have worked in roles that were heavily focused on investment manager due diligence across asset classes and legal structures. I began my career in du…
- 7 days ago, 10 Jan 21, 7:00pm -

By William Kinlaw, CFA This article offers commentary and highlights from “Private Equity and the Leverage Myth” by Megan Czasonis, William Kinlaw, Mark Kritzman and David Turkington in The Journal of Alternative Investments. You can read the ful…
- 11 days ago, 6 Jan 21, 7:00pm -

By Dinny McMahon, Economic Advisor to ShoreVest For the last few years, China has been involved in a slow-moving cleanup of its banking system, creating vibrant distressed debt and special situations opportunities for investors. Those opportunities h…
- 13 days ago, 4 Jan 21, 7:00pm -

By Aaron Filbeck, CFA, CAIA, CIPM, FDP – Director, Global Content Development at CAIA Association Well…we made it. This has been the longest decade year of our lives. Whether it’s been personal or professional circumstances, or simply having be…
- 14 days ago, 3 Jan 21, 7:00pm -

Security token offerings are not initial coin offerings. Three scholars affiliated with Erasmus University in Rotterdam explain the difference between the STO and the ICO markets in a new paper, contending that getting the distinction right is “cru…
- 21 days ago, 27 Dec 20, 7:00pm -

By John Bowman, CFA This week’s What About Beta column is an excerpt from our open letter to the incoming Biden-Harris Administration. Please read the full letter here. A hearty congratulations to President-elect Biden and Vice President-Elect Harr…
- 28 days ago, 20 Dec 20, 7:00pm -

By Chung-Hong Fu, Managing Director, Research Timberland Investment Resources, LLC As interest in Environmental, Social and Governance (ESG) issues increases, investors and investment managers are working to define and refine what ESG means and what…
- 31 days ago, 17 Dec 20, 7:00pm -

By Nicolas Rabener, CAIA, Factor Research & Karl Rogers, ACE Capital Investments INTRODUCTION Anyone who has watched the hit TV show “Billions” will have noticed that the hedge fund billionaire Bobby Axelrod and his former lieutenant, and occasio…
- 33 days ago, 15 Dec 20, 7:03pm -

 Untuk generasi 90-an, sangat mungkin untuk memahami berbagai jenis permainan tradisional. Tapi, bagaimana dengan generasi besar di era serba digital seperti saat ini?Bagi yang belum tahu, banyak permainan tradisional yang dulu dimainkan oleh an…
- 4 days ago, 14 Jan 21, 4:40am -

 Indonesia yang kaya akan ragam budaya dan alam tentunya memiliki keunikan tersendiri dibandingkan dengan negara lain. Salah satunya tentang jenis permainan tradisional yang sudah ada. Banyak mainan tradisional dari Kabupaten Dompu dan beberapa…
- 4 days ago, 14 Jan 21, 4:39am -

 Hadirnya gadget dan kecanggihan teknologi, membuat bentuk gamenya semakin berbeda. Cukup unduh penyedia aplikasi game, semuanya bisa bermain dan terhibur. Beberapa game juga bisa dimainkan tanpa musuh.Dengan kemudahan ini, permainan tradisional…
- 4 days ago, 14 Jan 21, 4:38am -

 Jika bosan dengan game yang sama, mungkin kamu membutuhkan game yang lucu dan lucu. Permainan tersebut dimaksudkan untuk menghilangkan kepenatan di waktu senggang. Namun, terkadang tidak semua game bisa membuat Anda bahagia.Mungkin beberapa gam…
- 10 days ago, 8 Jan 21, 6:03am -

 Jika bosan dengan game yang sama, mungkin kamu membutuhkan game yang lucu dan lucu. Permainan tersebut dimaksudkan untuk menghilangkan kepenatan di waktu senggang. Namun, terkadang tidak semua game bisa membuat Anda bahagia.Mungkin beberapa gam…
- 10 days ago, 8 Jan 21, 6:03am -

 Jika semuanya harus dilakukan di rumah, konferensi harus berfungsi dan kantor juga dapat menggantikan Google Meet atau Zoom. Seperti Google Meet, Zoom, Skype, dan lainnya telah menjadi kantor baru kami. Tetapi juga merupakan rutinitas yang berb…
- 10 days ago, 8 Jan 21, 6:02am -

 Hingga saat ini, game tersebut tentunya dipadukan dengan unsur kekerasan. Meski tidak semua game seperti itu. Jika ada peristiwa kekerasan yang melibatkan remaja dan dia menjadi seorang gamer, game yang dimainkan akan disalahkan.Selain fakta ba…
- 10 days ago, 8 Jan 21, 6:01am -

 Tidak hanya game online yang bisa membuat Anda sibuk sepanjang hari. Jika Anda dapat memilih game offline terbaik untuk Android 2020, Anda akan bepergian ke mana-mana. Pada artikel kali ini, ada 7 game offline terbaik di HP Android secara grati…
- 10 days ago, 8 Jan 21, 6:00am -

 Untuk menekan penyebaran virus Corona, semuanya harus dikarantina di rumah masing-masing. Tinggal di rumah tentunya bukanlah hal yang mudah untuk dilakukan, apalagi bagi mereka yang biasanya memanfaatkan waktu di luar.Namun, karantina sendiri j…
- 10 days ago, 8 Jan 21, 6:00am -

 Kesadaran dirinya kepada masyarakat Indonesia, khususnya Jakarta, untuk mengisolasi diri di rumah, saya terbilang besar karena terkena virus positif corona di Indonesia terus luar biasa. Makanya, cara terbaik untuk mencegah semua penggunaan kar…
- 10 days ago, 8 Jan 21, 5:58am -

Note: It is possible the 7-day average cases has peaked. Stay safe! I'm looking forward to not posting this data in a few months. The US is now averaging close to 2 million tests per day. Based on the experience of other countries, for adequate t…
- 4 hours ago, 17 Jan 21, 6:45pm -

Way back in 2006 I disagreed with some analysts on the outlook for the Inland Empire in California. I wrote: As the housing bubble unwinds, housing related employment will fall; and fall dramatically in areas like the Inland Empire. The more an area…
- 10 hours ago, 17 Jan 21, 1:01pm -

Note: It is possible the 7-day average cases is nearing a peak. I'm looking forward to not posting this data in a few months. The US is now averaging close to 2 million tests per day. Based on the experience of other countries, for adequate test-a…
- 1 day ago, 16 Jan 21, 7:11pm -

The key reports this week are December housing starts and existing home sales.For manufacturing, the January Philly Fed manufacturing survey will be released.----- Monday, Jan 18th -----All US markets will be closed in observance of Martin Luther Kin…
- 2 days ago, 16 Jan 21, 8:11am -

Note: It is possible the 7-day average cases is nearing a peak. I'm looking forward to not posting this data in a few months. The US is now averaging close to 2 million tests per day. Based on the experience of other countries, for adequate test-a…
- 2 days ago, 15 Jan 21, 7:30pm -

The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):1) Overall sales were at 9,666 in December, up from 8,886 in November, and up from 7,585 in December 2019. Sales were down 8.8% from November 2020 (previous month), and up…
- 2 days ago, 15 Jan 21, 4:33pm -

Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.This data is as of January 5th.From Black Knight: Slow Improvement in Forbearance Numbers ContinuesThe number of mortgages…
- 2 days ago, 15 Jan 21, 2:20pm -

From Merrrill Lynch: We revise up 1Q 2021 GDP growth to 4.0% qoq saar from 1.0%, but take down 2Q to 5.0% from 7.0%, reflecting the earlier passage of stimulus in December. This leaves annual 2021 growth at 5.0% from 4.6% previously, with risks tilte…
- 2 days ago, 15 Jan 21, 12:36pm -

The CAR reported: California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports Despite a global pandemic that lingered most of the year, two lockdowns and a strugg…
- 2 days ago, 15 Jan 21, 11:41am -

From the Fed: Industrial Production and Capacity UtilizationIndustrial production advanced 1.6 percent in December, with gains of 0.9 percent for manufacturing, 1.6 percent for mining, and 6.2 percent for utilities. The increase for utilities resulte…
- 3 days ago, 15 Jan 21, 9:22am -

Saving the planet is easier to say than do.
- 3 days ago, 15 Jan 21, 10:24am -

Giuliani; Heike Pauls; Bitcoin; and much more.
- 3 days ago, 15 Jan 21, 2:39am -

Just another day in crypto-paradise.
- 3 days ago, 14 Jan 21, 2:04pm -

But does it matter?
- 4 days ago, 14 Jan 21, 9:53am -

“The Line”; Elon and China; fishy delays; magic internet money; and much more.
- 4 days ago, 14 Jan 21, 12:00am -

Some policymakers at Threadneedle Street now appear keen on the policy, years after other central banks tried it.
- 5 days ago, 13 Jan 21, 6:47am -

Surviving a Chinese “re-education” camp; coronapolitics; lost bitcoin keys; and much more.
- 5 days ago, 13 Jan 21, 12:00am -

Unbelievable Jeff.
- 6 days ago, 12 Jan 21, 10:12am -

Global liquidity will continue to pour into the world economy. But how will that impact asset prices and the recovery?
- 6 days ago, 12 Jan 21, 12:00am -

Tesla lottery tickets; Capitol attacks; William Basinski and much more . . . 
- 6 days ago, 11 Jan 21, 11:55pm -

Turmoil at Cadogan led the Alaska Retirement Management Board to shake up its whole portfolio.
- 28 Feb 10, 7:00pm -

Aksia's reputation soared when a warning not to invest in Madoff became public last year, and the firm has taken off. The consultant talks about the next red flags, how fees are changing and how Aksia's due diligence process works.
- 28 Feb 10, 7:00pm -

The fund invested in small emerging managers and was not limited to the commodities sector.
- 1 Feb 10, 7:00pm -

- 31 Jan 10, 7:00pm -

The new 7% portfolio is the pension fund's first formal allocation to hedge funds.
- 31 Jan 10, 7:00pm -

FRM plans to invest between $700 million and $1 billion, with an average allocation of around $50 million to each manager.
- 26 Jan 10, 7:00pm -

CIO Borden says trimming funds of funds should boost returns, cut costs.
- 17 Dec 09, 7:00pm -

Philadelphia puts its money into single-manager funds to get more control, better access & lower fees.
- 28 Oct 09, 8:00pm -

Instead of controlling risk, portable alpha added to it, largely because of the leverage involved.
- 22 Sep 09, 8:00pm -

The biggest U.S. pension plan is dumping celebrated names, demanding more power and making plans to run money itself.
- 24 Aug 09, 8:00pm -

Total allowances for loan losses are 95% larger than at end-2019
- 2 days ago, 15 Jan 21, 4:39pm -

Around 16% of the bank’s exposures were excluded from the ratio in Q4
- 2 days ago, 15 Jan 21, 1:06pm -

Esma’s reinterpretation ahead of Brexit reduces need for equivalence system, says AMF official
- 2 days ago, 15 Jan 21, 11:16am -

The quality of a tail model, which is determined by data from an unknown distribution, depends critically on the subset of data used to model the tail. Based on a suitably weighted mean square error, the authors present a completely automated method…
- 3 days ago, 15 Jan 21, 9:50am -

EU banks that lost passporting rights after Brexit are unlikely to have to establish UK subsidiaries
- 3 days ago, 15 Jan 21, 6:52am -

State fund and MIT’s business school look to improve ESG data and to reflect all investors’ views
- 3 days ago, 14 Jan 21, 11:30pm -

Italian banks see public guarantee scheme loans increase the most quarter on quarter
- 3 days ago, 14 Jan 21, 2:00pm -

Appointment follows departure of Bakhshi to CRO role at LSEG
- 4 days ago, 14 Jan 21, 8:42am -

Quants unveil new technique for controlling extrapolation by neural networks
- 4 days ago, 14 Jan 21, 6:40am -

The authors explore the effects of market capitalization on the dynamics of cryptocurrencies within both returns and volatility networks and show that these cryptocurrencies exhibit scaling properties in volatility with respect to market capitalizati…
- 4 days ago, 14 Jan 21, 3:29am -

Intrinsic Alpha April 2014
- 5 Apr 14, 3:42pm -

Intrinsic Alpha January 2013 - Fancy a Punt? by The Actuary
- 28 Jan 14, 6:07pm -

Portable Smart BetaThe rise of smart beta raises an interesting question: “Why don’t you extract the smart beta as “alpha”?”  If a smart beta strategy consistently out performs an index tracker then it should be simple enough to constru…
- 22 Dec 13, 8:36am -

PDF download hereIntrinsic Alpha Nov 2013 We All Want to Go To Hell
- 7 Dec 13, 6:13am -

Intrinsic Alpha June 2013 by The Actuary
- 26 Nov 13, 4:32pm -