Guest Post: A Case For Legalized Insider Trading
Submitted by Martin Sibileau of A View From The Trenches, Public securities, ceteris paribus, should trade at a discount to private securities, to compensate for the risk of lack of control and...
View ArticleAs Redemptions Surge, The Dreaded Hedge Fund "Gate" Is Back
Hedge Fund "gating", or the forced administrative limit on how much money hedge fund investors can redeem at any given moment, is one of those bad memories that most wish could remain dead and buried...
View ArticleFrontrunning: November 6
Obama-Romney: Breaking the Tie (BBG)Fiscal cliff looms over campaign climax (FT)Tough Calls on Deficit Await the Winner (WSJ)Election Likely to Leave Housing Unmoved (WSJ)Regulator Investigating...
View ArticleHow To Bring Back Capitalism
"Capitalists seem almost uninterested in Capitalism" is how Clayton Christensen describes the paradox of our recovery-less recovery. In an excellent NYTimes Op-ed, the father of the Innovator's Dilemma...
View ArticleFrontrunning: November 9
Greek Aid Payment Call Won’t Be Made Next Week, EU Official (Bloomberg)Central Bank Says Athens Aid Up to Euro Zone (WSJ)Eurozone faces brinkmanship on Greece (FT)Pressure Rises on Fiscal Crisis...
View ArticleFrontrunning: November 12
Jefferies to be bought by Ian Cumming's Leucadia in an all-stock deal for $3.59 billion or about $17/share (WSJ)FBI Scrutinized on Petraeus (WSJ)Identity of second woman emerges in Petraeus' downfall...
View ArticleGuest Post: Real Danger Of “Obamacare”: Insurance Company Takeover Of Health...
Via Nomi Prins of NomiPrins.com,Election rhetoric shuns the big picture in favor of the bigger platitude. Now that The Show is over, we are left with the equivalent of a Sunday morning hangover...
View ArticleFrontrunning: November 14
Don't jump to conclusions over general, Pentagon chief says (Reuters)Bad times for generals: Pentagon demotes 4-star General Ward (Reuters)Investors Pay to Lend Germany Money (WSJ)Noda will no longer...
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The Hostess Liquidation: A Curious Cast Of Characters As The Twinkie Tumbles
Perhaps one of the most interesting aspects of the just announced Hostess liquidation, one that will be largely debated and discussed in the media, or maybe not at all, is the curious cast of...
View ArticleFrontrunning: November 20
More QE could distort rather than deliver (FT)Soros Buying Gold as Record Prices Seen on Stimulus (BBG)EU Leaders Face Greek Aid Gap in Brinkmanship With IMF (BBG)Weak data point to bigger economic...
View ArticleGoldman Interviews Bain Capital On The Future Of... Outsourcing And Labor
After this year's presidential campaign, private equity and certainly Bain Capital, will likely be the last entity that those pandering to populist agendas will go to advice over the future of the...
View ArticleFrontrunning: December 4
Two weeks ago here: The Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To Fund Massive Hedge Fund Profits... and now on Bloomberg: "Hedge Funds Win as Europe Will Pay More for Greek...
View ArticleFrontrunning: December 7
Bundesbank cuts growth outlook as crisis bites (Reuters)Strong quake hits off Japan near Fukushima disaster zone (Reuters)Greece to Buy Debt It Already Owns to Reach Target (BBG)Draghi’s Go-to ECB Seen...
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Investor Sentiment: More Issues
Add extreme selling by corporate insiders to last week's list of worries. This "smart money" is selling to a degree last seen February 18, 2011. Following this signal, the SP500 spent the next 6 months...
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Real Numbers That Show Why Facebook's Ad Model Means Google Will Put It Out...
Isn't it amazing that you can get more notoriety for showing your ass and a pretty smile than you can get for outing the scam of the decade through intellectual analysis? More money was lost through...
View ArticleFrontrunning: December 19
Republicans put squeeze on Obama in "fiscal cliff" talks (Reuters)Inquiry harshly criticizes State Department over Benghazi attack (Reuters)Banks See Biggest Returns Since ’03 as Employees Suffer...
View ArticleFrontrunning: December 20
IMF Demands Partial Default for Cyprus (Spiegel)Boehner's 'Plan B' Gets Pushback (WSJ)Beijing criticises US ‘political checks’ (FT)White House Said to Tell Business Groups Talks Stall (BBG)NYSE tries...
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A Potentially Nasty Snapshot Of Risk Resulting In Another Trillion Of...
While perusing the news today, I came across this most interesting article in Bloomberg, Swaps ‘Armageddon’ Lingers as New Rules Concentrate Risk'. Before we delve into it, I want to review how...
View ArticleFrontrunning: December 24
Global Currency Tensions Rise (WSJ) - in other words, when everyone eases "to infinity", nobody easesEU to give Spain, France more time to cut deficit (Reuters) - But not because their economies are...
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Will Rising Union Activism Expose The Zombified US Pensions
Over the last few years, and at an increasing pace as of more recently, unions have become more and more confident of their ability to effect change and taken much more aggressive activist...
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