Risk

Cribbing from Charles Dickens, February was the best of times and the worst of times.

• Read more

Recent “hedge” fund trauma marks the end of hedge fund mania. The risk in quantitative models: Never bet the entire farm on any statistical model when the unpredictability of the human factor is involved.

• Read more

Bonds as attractive Risk/Reward substitutes...disguise them with fictional names such as Bondo Ltd., etc.

• Read more

Economic expansion now 40 months old...Yes, it has been somewhat anemic, but nevertheless it may be well past middle age. Getting real about risk: risk is not the same as volatility.

• Read more

Is sophisticated the same as smart? Market neutral operations are supposed to involve little or no market risk, so how could the entire asset base go down the drain?

• Read more