Browsing: Featured Post

Featured Post

Hedge Funds in a Time of Wear and Tear

Oct 21st, 2018 | Filed under: Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Fund Industry Trends, Hedge Fund Strategies, Hedge Funds, Indexes, Newly Added, Relative Value Hedge Funds, The A.I. Industry

The latest report from Eurekahedge tells us that Asia-focused strategies in the hedge fund universe are showing the wear and tear of the US/China trade dispute. The Eurekahedge Greater China Hedge Fund Index shows losses of 8.16% through the first nine months of the year. The Eurekahedge commentary observes thatRead More


Some Clarity from the Delaware Supreme Court for Activists

Oct 18th, 2018 | Filed under: Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Fund Strategies, Hedge Funds, Legislation/Court rulings, Newly Added, Regulatory, Regulatory Environment, The A.I. Industry

The Delaware Supreme Court, on Oct. 9, upheld the Chancery Court’s dismissal of a buyout/squeeze-out related lawsuit. In the process, it issued an opinion that indicates that the room for activist investors to use litigation or the threat of litigation to derail controlling shareholder transactions may be quite small, andRead More


A Brief History of Asset Allocation

Oct 16th, 2018 | Filed under: Algorithmic and high-frequency trading, Business News, CAPM / Alpha Theory, Crowdfunding, Emerging Alternative Investments, Finance & Economics, Financial Economics Theory, Hedge Fund Strategies, Hedge Funds, Newly Added, Other Topics in A.I., Risk management, Risk Management Strategies & Processes, Risk Metrics and Measurement, The A.I. Industry

Glassbridge has put out an ambitious white paper about the “evolution of asset allocation across the investment management industry,” one that begins with the basics of the Capital Asset Pricing Model and ends with quantitative analysis and crowdsourcing. The premise is that new strategies, and new ranges of data, areRead More


National Market System: What to End; What to Mend

Oct 14th, 2018 | Filed under: Algorithmic and high-frequency trading, Business News, Commodities, Newly Added, Regulatory, Regulatory Environment, The A.I. Industry

The Principal Traders Group of the Futures Industry Association (FIA PTG) recently offered its thoughts on market structure, outlining one direction of reform for the Securities and Exchange Commission’s Reg NMS. Reg NMS (National Market System) was promulgated in 2005, in order to ensure competition among markets, and in theRead More


Pensions and Real Estate: CEM Benchmarking

Oct 11th, 2018 | Filed under: Allocating to A.I., Asset allocation, Asset Allocation Models, Institutional Asset Management, Institutional Investing, Newly Added, Operationally Intensive Real Assets, Real Assets, Real Estate, The A.I. Industry

A new paper by Alexander D. Beath and Chris Flynn examines the significance of real estate investing within the portfolios of large European institutional investors from 2005 to 2016. Beath is a senior research analyst with CEM Benchmarking, with a PHD. from McGill University on condensed matter and materials physics.Read More


Hedge Funds in the Slow-down Phase

Oct 9th, 2018 | Filed under: Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Fund Strategies, Hedge Funds, Macro and Managed Futures Funds, Newly Added, Relative Value Hedge Funds, The A.I. Industry

Fidante Partners, part of the Challenger Limited Group, has issued a white paper on the performance of hedge funds of various strategies in the slowdown and recession phases of a business cycle. The report, written by Joachim Klement, Fidente’s head of investment research, posits that the world is now inRead More


Self-Organizing Maps for Selecting Hedge Funds

Oct 9th, 2018 | Filed under: Allocating to A.I., Asset allocation, Asset Allocation Models, Benchmarking & Performance Attribution, Hedge Fund Strategies, Hedge Funds, Newly Added, Performance, Analytics & Metrics, Risk Management Strategies & Processes, The A.I. Industry

A new paper by Claus Huber, of Rodex Risk Advisers, looks at machine learning for risk analysis, working especially from the “self-organizing maps” associated with Finnish Professor Teuvo Kohonen. A SOM is a low-dimensional representation of input space (thinking of it as two dimensional makes the “map” analogy intuitive, andRead More


Goldman Sachs Equity Hedge Fund Report Deep Dives 13Fs

Oct 7th, 2018 | Filed under: Alpha Strategies, Equity Hedge Funds, Hedge Fund Industry Trends, Hedge Fund Strategies, Hedge Funds, Newly Added, Risk management, Risk Management Strategies & Processes, Structure of the Hedge Funds Industry, The A.I. Industry

Working from a database drawn from 13F filings, authors of a new report from Goldman Sachs Asset Management maintain: (1) hedge funds tend to overweight equities in three markets: information technology, consumer discretionary, healthcare; (2) quarter-on-quarter turnover for equity hedge funds’ portfolios is limited; and (3) a long-only sample portfolioRead More


Peeling the Onion of Equity Hedge Fund Alpha

Oct 4th, 2018 | Filed under: CAPM / Alpha Theory, Equity Hedge Funds, Finance & Economics, Financial Economics Theory, Hedge Fund Strategies, Hedge Funds, Newly Added, The A.I. Industry

The founder of CEO of MSR Indices, a Parsippany, N.J.-based index-investors consultancy, has authored a white paper on target volatility, also known as intertemporal risk parity. The gist of the paper is that: (1) equity hedge funds do secure alpha for their investors, obvious if one measures their performance againstRead More


Women-owned Businesses: Over a Threshold

Oct 2nd, 2018 | Filed under: Angel investing, Newly Added, Private Equity, Private Investments, The A.I. Industry, Venture capital

In a new report on the condition of women-owned businesses, part of an annual ongoing examination of business trends by American Express, researchers first take a big picture view (1972 to the present) and then do a swoop-down into the details of 2018.   The conclusion of the study isRead More


Substance Over Form

Oct 1st, 2018 | Filed under: Alternative Investments in Context, Investor Relations, Newly Added, Sales & Marketing in the AI Industry

By Diane Harrison In the final months of 2018, a mid-term election year here in the U.S., rhetoric is forming and tempers are soaring as candidates try to create narratives that suit their political objectives. It calls to mind the phrase “form over substance,” where what is said often bearsRead More


European Hedge Funds and their Prime Brokers

Sep 30th, 2018 | Filed under: Equity Hedge Funds, Hedge Fund Industry Trends, Hedge Fund Strategies, Hedge Funds, Newly Added, Structure of the Hedge Funds Industry, The A.I. Industry

A recent article by three Deloitte risk advisory executives looked at what European hedge fund managers value most in their prime brokers. The short answer: counterparty strength; good working relationships; competitiveness of fees; and the performance of core PB roles at a high level. Let’s drill down a bit intoRead More


Cryptocurrency Arbitrage: Two Looks

Sep 27th, 2018 | Filed under: Currencies, Digital currencies, Emerging Alternative Investments, Finance & Economics, Newly Added, Other Topics in A.I., The A.I. Industry, The Global Economy & Currencies

Do investors arbitrage cryptocurrencies? Two recent studies offer a “yes” answer, though they in certain other respects differ significantly in their conclusions. Specifically, one study shows that in one respect arbitrage has done its duty and effectively eliminated the opportunities for arb profits, enforcing efficiency. In other situations, though, theRead More


Cracking the Illiquidity Code

Sep 26th, 2018 | Filed under: Benchmarking & Performance Attribution, Equity Types of Private Equity, Newly Added, Other Issues in Private Investments, Performance, Analytics & Metrics, Private Equity, Private Investments, Risk Metrics and Measurement, The A.I. Industry

By Tom Keck, Partner & Head of Research; Lisa Larsson, Vice President, Research Researchers at StepStone Group, a global private markets firm, recently released a white paper that puts the illiquidity of private equity into perspective. A fund’s life they reckon is too coarse a measure; the picture comes into focusRead More


Intralinks/Global Fund Media Survey of LPs Shows Satisfaction

Sep 25th, 2018 | Filed under: Allocating to A.I., Debt Types of Private Equity, Endowments & Foundations, Equity Types of Private Equity, Family Offices, Hedge Funds, High-net-worth investors, Institutional Asset Management, Institutional Investing, Liquid and Fixed Income Real Estate, Newly Added, Other Issues in Private Investments, Private Equity, Private Investments, Real Assets, Real Estate, Real Estate Equity Investments, The A.I. Industry

Intralinks has once again collaborated with Global Fund Media in a survey of limited partners on their satisfaction with recent results and on how they see global investment opportunities near-term. As to satisfaction: 18% of LPs say that their results from alternative investments have been better than they expected. ARead More


The View from Las Vegas: Quiet Buying? Aggressive Buying?

Sep 23rd, 2018 | Filed under: Alternative Investments in Context, Commodities, Commodities: Examples, Digital currencies, Emerging Alternative Investments, Emerging markets, Gold, Newly Added, Personalities in AI, The A.I. Industry

On Sept. 24, the 9th Annual Inside Alternatives and Asset Allocation event convenes at Wynn Las Vegas, with CAIA sponsorship. The purpose of the event: to look beyond traditional alternative investments and strategies, to take the measure of a new breed of alternatives, including impact/SRIs, cryptocurrencies, and the application ofRead More


10 Years Later: Glasner Looks Back at the GFC

Sep 20th, 2018 | Filed under: Equity Hedge Funds, Finance & Economics, Hedge Funds, Macroeconomics, Newly Added, The A.I. Industry, The Global Economy & Currencies

David Glasner, an economist with the Federal Trade Commission, in a new Mercatus Research Paper, offers what he calls a “deeper explanation of the financial crisis of 2008 and the subsequent recovery.” Deeper than what? Deeper than attributing the bust to the bursting of the housing price bubble. Glasner’s newRead More


Prepping for an Emerging Market Rebound

Sep 17th, 2018 | Filed under: Currencies, Emerging markets, Finance & Economics, Newly Added, The A.I. Industry, The Global Economy & Currencies

Two executives at the Neuberger Berman Group have prepared a paper on what they call the “overall case for a recovery in emerging market debts” in the months to come. Investors will want to “be around” for such a rebound, they say. There are obviously now, and there will continueRead More


Are ICOs Encoding Their Governance Promises?

Sep 16th, 2018 | Filed under: Currencies, Digital currencies, Emerging Alternative Investments, Finance & Economics, Newly Added, Other Topics in A.I., The A.I. Industry, The Global Economy & Currencies

Scholars affiliated with the University of Pennsylvania recently produced a paper about digital currencies and initial coin offerings, “Coin Operated Capitalism.” The gist of the paper is that the purchase of such tokens may be riskier than investors have thus far been led to expect and may entail more risk thanRead More


Oil Trading and Round Number Effects

Sep 13th, 2018 | Filed under: Behavioral finance, Commodities, Commodities: Examples, Finance & Economics, Financial Economics Theory, Investing in Commodities, Newly Added, oil, The A.I. Industry

The “round number effect” is an endless source of fascination in the worlds of both trading and statistics. Human brains, after all, tend to think in round numbers. A market pundit on television may say, “If the price of stock XYZ gets below $8.00, it’ll be worth buying.” He won’tRead More


The Connection between Audit Fees and Derivative Hedging

Sep 11th, 2018 | Filed under: Commodities, Commodities: Examples, Hedge Fund Operations and Risk Management, Newly Added, oil, Risk management, Risk Management Strategies & Processes, The A.I. Industry

It is generally acknowledged that there exists a positive association between business risk and audit fees. There is room for dispute as to what that means. On the one hand, the riskier clients for whom an audit firm works might simply be the ones that have the most complicated books,Read More


McKinsey Study: Where are the women in financial services?

Sep 9th, 2018 | Filed under: Industry Size & Managers, Institutional Asset Management, Newly Added, The A.I. Industry

A new report from McKinsey looks at the women in the financial services industry in North America, in the expectation that the findings will be pertinent even beyond the expanses of North America, that the insights and implications will “have global relevance.” The research is part of a collaborative effortRead More


Back to the 1980s for future market insights

Sep 6th, 2018 | Filed under: Business News, Economics, Finance & Economics, Newly Added, Other Topics in A.I., The A.I. Industry

Christina Zhu, of the University of Pennsylvania, in a recent paper, looks at the consequences of Big Data for corporate management. What “Big Data” means depends on who is talking or writing about it. For economists working within the classic microeconomic framework, it means a drastic fall in the cost of acquiring information.Read More


Pitchbook 2018 Report: Where are the unicorns?

Sep 4th, 2018 | Filed under: Angel investing, Debt Types of Private Equity, Industry Size & Managers, Newly Added, Other Issues in Private Investments, Private Equity, Private Investments, The A.I. Industry, Venture capital

PitchBook has posted its 2018 VC Unicorn Report. The introduction explains the meaning of the term. (It has only been in use in its financial sense since 2013, so explanations may still be deemed necessary.) “Unicorn” refers to an entity upon which the private investment markets have bestowed a valuationRead More


HBS looks at 40 years of private equity performance

Sep 3rd, 2018 | Filed under: Debt Types of Private Equity, Equity Types of Private Equity, Newly Added, Other Issues in Private Investments, Private Equity, Private Investments, The A.I. Industry, Venture capital

In a new study by Harvard Business School scholars looks into the performance of LPs invested with private equity over four decades. In the paper, Investing Outside the Box, the scholars found that it is generally better to invest inside the box. Specifically, they found that the performance of alternativeRead More


Cryptocurrencies: Alpha and Malta

Aug 30th, 2018 | Filed under: Currencies, Digital currencies, Newly Added, Other Topics in A.I., The A.I. Industry, The Global Economy & Currencies

Malta was the first jurisdiction within the EU to develop a regulatory system for collective investment schemes that invest in cryptocurrencies. A new paper offering what it calls a “top-down analysis” of hedge funds involved with cryptos details the regulatory framework now in force in Malta, highlighting the set-up andRead More


Inaccurate News Analytics: When Robots Get Things Wrong

Aug 28th, 2018 | Filed under: Algorithmic and high-frequency trading, Business News, Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Funds, Newly Added, The A.I. Industry

A new study prepared for the Federal Reserve Board looks at the use of algorithms to read and interpret financial news. While there have been a lot of studies that have looked at this topic, one unique feature of this new paper, “First to ‘Read’ the News,” is that itRead More


Making Sense of Private Credit Funds

Aug 26th, 2018 | Filed under: Asset Managers, Debt Types of Private Equity, Industry Size & Managers, Newly Added, Private Equity, Private Investments, The A.I. Industry

A new study takes what is called a “first look” at the aggregate performance of private credit funds. Using data going back to 2004, the authors (two of whom are affiliated with Adams Street Partners) determine that private credit funds “have performed about as well, or better than, leveraged-loan, high-yield,Read More


Hedging or Trading? Why Italian Banks Use Derivatives

Aug 23rd, 2018 | Filed under: Commodities, Credit Derivatives, Derivatives, Economics, Hedge Funds, Institutional Asset Management, Newly Added, Risk management, Risk Management & Operations, Risk Management Strategies & Processes, The A.I. Industry, The Global Economy & Currencies

A recent report by the Bank of Italy looks at why the various banks of Italy use derivatives. Specifically, the central bank of that country wanted to know: is it a matter of hedging? Or is it a matter of keeping a proprietary book? Hedge fund managers and other pursuersRead More


Asia-Pacific Region Will Continue to Dominate M&A Activity in 2H2018

Aug 21st, 2018 | Filed under: Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Funds, Newly Added, The A.I. Industry

Intralinks has issued its Deal Flow Predictor for mergers and acquisitions activity through the fourth quarter of 2018. This report doesn’t involve a crystal ball, nor the leak of inside information. Rather, Intralinks tracks early-stage M&A activity, the better to predict the volume of as-yet unmade announcements. The gist ofRead More


Eurekahedge: Hedge Funds Trailing Behind Last Year’s Performance

Aug 19th, 2018 | Filed under: CTA, Equity Hedge Funds, Event-Driven Hedge Funds, Hedge Fund Industry Trends, Hedge Fund Strategies, Hedge Funds, Industry Size & Managers, Macro and Managed Futures Funds, Newly Added, Relative Value Hedge Funds, The A.I. Industry

According to Eurekahedge, with the July numbers on hedge fund performance now available, 8.5% of hedge fund managers have posted double-digit gains in 2018 to date. Most of that gain is focused on those with a long/short equities mandate. That number is quite low. Eurekahedge contrasts it with the firstRead More


Illuminating Gender Differences in Entrepreneurship

Aug 16th, 2018 | Filed under: Angel investing, Debt Types of Private Equity, Equity Types of Private Equity, Newly Added, Other Issues in Private Investments, Private Investments, The A.I. Industry, Venture capital

Illuminate Ventures, an early-stage high-tech VC firm, has posted a paper by its founder and managing partner, Cindy Padnos, on “gender differences in entrepreneurship.” The paper begins with the observation that nearly half of the Illuminate portfolio companies have a woman as a co-founder. This doesn’t mean of course thatRead More


Agtech Investment and the Future of Food

Aug 14th, 2018 | Filed under: Agriculture, Angel investing, Equity Types of Private Equity, Farmland, Natural Resources and Land, Newly Added, Private Equity, Private Investments, Real Assets, The A.I. Industry, Venture capital

Finistere Ventures, a venture capital firm that describes itself as in the business of helping “ambitious founders transform food and agriculture,” has teamed up with Pitchbook to produce a dataset that would enable “clear insights into financing activity and metrics in the agtech sector.” The result was the Agtech InvestmentRead More


New SEC Commissioner Dissents on a Bitcoin ETF

Aug 9th, 2018 | Filed under: Commodities, Crowdfunding, Emerging Alternative Investments, Newly Added, Other Topics in A.I., Regulatory, Regulatory Environment, The A.I. Industry

The U.S. Securities and Exchange Commission recently (on July 26) disapproved of proposed rules changes that would have greenlit listing of the Winklevoss Bitcoin Trust on the Bats BZX Exchange.  In essence, the SEC has now rejected the listing of a Bitcoin exchange-traded product (ETP) on a national exchange. TheRead More


European Private Equity Activity Increases in Q218

Aug 7th, 2018 | Filed under: Equity Types of Private Equity, Industry Size & Managers, Newly Added, Private Equity, Private Investments, The A.I. Industry

Pitchbook has a new report out about private equity activity in Europe. It indicates that, despite a slow start to the year, PE deal activity picked up notably in the second quarter. Across the continent there were 804 deals 2Q with a total valuation of  €88.5 billion. Deals above the Read More


What is Behind the Momentum Factor? Informed Trades?

Aug 5th, 2018 | Filed under: CAPM / Alpha Theory, Finance & Economics, Financial Economics Theory, Newly Added

A new paper by four U.S. scholars makes a contribution to the literature on factors and the modeling of stock prices. The paper, “An Information Factor,” proposes in essence that the momentum factor isn’t what it seems to be. Ever since the publication of a 1993 paper by Jegadeesh andRead More


The Structure of the Securities Lending Market

Aug 2nd, 2018 | Filed under: Behavioral finance, Finance & Economics, Financial Economics Theory, Macroeconomics, Newly Added, The Global Economy & Currencies

An author affiliated with the National University of Singapore and one with Goethe University Frankfurt, Germany, have co-authored a paper on the structure of the securities lending market: specifically, on the fact that this market is an oligopoly, and on the implications that has for pricing. The general outlines areRead More


Active Management, the Business Cycle, and the Silk Road

Jul 31st, 2018 | Filed under: Allocating to A.I., Alpha & Beta, Finance & Economics, Macroeconomics, Newly Added, Other Topics in A.I., Retail Investing, The Global Economy & Currencies

LPL Financial’s 2018 Forum Conference for investors took place in Boston this week, Sunday through Tuesday. This is an annual event that brings together thousands of advisors and program managers to discuss industry issues and new products. LPL is an independent broker-dealer headquartered in Boston, with offices in Fort Mill,Read More


Volatility Arbitrage and Cross-Border Options

Jul 29th, 2018 | Filed under: Alpha Strategies, Commodities, Hedge Fund Strategies, Hedge Funds, Investing in Commodities, Macro and Managed Futures Funds, Newly Added, Risk management, Risk Management & Operations, Risk Management Strategies & Processes

A new paper, by Adriano Tosi, of the University of Zurich, Switzerland, looks at the mispricing of a cross-section of international option returns, which suggests that there is money to be made (in more decorous language a “positive risk premium” may be “commanded,”) by selling exchange-traded products and buying theRead More


Centralized Exchanges and Cryptocurrencies

Jul 26th, 2018 | Filed under: Commodities, Currencies, Digital currencies, Emerging Alternative Investments, Finance & Economics, Financial Economics Theory, Investing in Commodities, Newly Added, The Global Economy & Currencies

Cryptocurrencies are increasingly traded on centralized exchanges, such as Gemini and Coinbase. This fact itself has generated some resentment in the crypto world, because the very idea of  centralized exchange seems to violate the original anarchic animating spirit of the cryptocurrencies, even of “Satoshi” himself. Vitalik Buterin, who as the creatorRead More


A Counterintuitive Result on Bank Size and Too Big to Fail

Jul 22nd, 2018 | Filed under: Behavioral finance, Finance & Economics, Financial Economics Theory, Newly Added

Ten years ago, a series of bank failures rocked the financial and economic worlds. One of the immediate political consequences of those failures was the creation, by the US government, of a Troubled Asset Relief Program (TARP). This almost immediately morphed into a troubled equity relief program, because as TreasuryRead More


BarclayHedge Numbers Show Cryptocurrency Dive

Jul 19th, 2018 | Filed under: Commodities, CTA, Currencies, Digital currencies, Emerging Alternative Investments, Macro and Managed Futures Funds, Newly Added, Other Topics in A.I., The A.I. Industry, The Global Economy & Currencies

BarclayHedge says that its flash estimate for the Barclay CTA Index shows a 0.05% loss in June, and a 2% loss year to date. More remarkably, the flash estimate shows a 16.23% drop in June and a 45.43% drop YTD for the CryptoCurrency Traders Index. The founder and president ofRead More


Believe Your Eyes!

Jul 18th, 2018 | Filed under: Investor Relations, Newly Added, Other Topics in A.I., Sales & Marketing in the AI Industry

By Diane Harrison It’s simple human nature to believe more of what you see than what you hear. The human brain is wired to process visual information more easily than contextual words. According to a June 15 Washington Post article, “Charts Change Hearts And Minds Better Than Words Do,” chartsRead More


The Problem With Unicorns

Jul 17th, 2018 | Filed under: Debt Types of Private Equity, Equity Types of Private Equity, Newly Added, Other Issues in Private Investments, Private Equity, Private Investments, Venture capital

A new book by the Wall Street Journal’s John Carreyrou, Bad Blood: Secrets and Lies in a Silicon Valley Startup, works as a compelling test case in how the hunger for the next “unicorn,” a hunger that has been a feature in alternative investing for years now, can go badlyRead More


Using the Variance Risk Premium to Predict Futures Markets

Jul 15th, 2018 | Filed under: Commodities, Commodities, Commodities: Examples, Energy, Gold, Hard metals, Newly Added, oil, Risk management, Risk Management Strategies & Processes, Risk Metrics and Measurement

A new study of volatility in commodity prices indicates that both the total and the decomposed variance risk premiums of at least certain commodities markets contain information with predictive power. The variance risk premium is the pay-off of the synthetic variance swap contract. Specifically, it’s the difference between the floatingRead More


Neural Networks and EPS Prediction

Jul 12th, 2018 | Filed under: Newly Added, Other Topics in A.I., Risk Management & Operations, Risk Management Strategies & Processes, Technology

Yes, it sounds a bit like the phrase “jumbo shrimp,” in terms of sense, but a “long short-term memory neural network” is an important recent advance in artificial intelligence research. The term refers to a neural network devised with “forget gates” attached to cells of memory, originally in order toRead More


Justice Anthony Kennedy and Securities Law

Jul 10th, 2018 | Filed under: Legislation/Court rulings, Newly Added, Regulatory, Regulatory Environment, The A.I. Industry

When Justice Kennedy announced that he is stepping down from the US Supreme Court, the profiles of his time on that bench said a good deal about abortion, homosexual rights, and other hot-button issues, but relatively little about Kennedy’s contribution to securities law. Yet it is worth remembering that heRead More


Asset Management in China: Expect Growth

Jul 8th, 2018 | Filed under: Asset Allocation Models, Consultants, Finance & Economics, High-net-worth investors, Institutional Asset Management, Institutional Investing, Newly Added, What about beta?

A new study by Casey Quirk looks at asset management in China. It makes a bold claim: that by 2030, asset management strategies broadly defined will account for 10% of total Chinese wealth. That will be a more than doubling of the corresponding number at present: 4%. If China getsRead More


The Crypto ‘Bubble’ as Seen From Boston College

Jul 5th, 2018 | Filed under: Digital currencies, Emerging Alternative Investments, Newly Added, Other Topics in A.I., The Global Economy & Currencies

Two scholars affiliated with Boston College, Carroll School of Management, have published a study of initial coin offerings (ICOs), that has given a mixed verdict on the common contention that cryptocurrencies in general and ICOs in particular constitute a “bubble” akin to, say, 17th century tulips or the mortgage derivativesRead More


Ben Graham Conference at Fordham: Value Very Much Alive

Jul 2nd, 2018 | Filed under: Alternative Investments in Context, Newly Added, Risk Management & Operations, The A.I. Industry

The fifth Ben Graham Annual Conference, the marquee event of the CFA Society New York, took place as scheduled on June 27, at Fordham University, Lincoln Center. As its name suggests, this conference is intended to promote, and to share ideas about the application of, the investment principles of BenjaminRead More