Europe’s life insurers fall into the hands of private equity – How will the investments be optimized? To enrich the PE owners or to cover insurance liabilities? https://www.ft.com/content/4e89ff8e-c8af-11e8-ba8f-ee390057b8c9 via @FT
The fall of another another stock picking “genius”. Article notes failure of regulators and so called experts like Hargreaves which trumpeted his funds to the very end. And by the way, Woodford’s prior employer settled a lawsuit related to exceeding risk limits in his funds. Didn’t matter to the regulators or the evangelists like Hargreaves …
I disagree somewhat. For example the 2 year is simply the 1 year spot rate (ie “fedzone”) and the 1 year, 1 year forward (ie future fedzone). I don’t think you can so neatly bifurcate the Tsy curve. https://www.cnbc.com/2019/05/31/yield-curve-is-no-longer-a-reliable-recession-predictor-wells-fargo.html
Barclays London Stocks Unit Is Thriving on Tax-Reduction Trades https://www.bloomberg.com/news/articles/2019-05-31/barclays-london-stocks-unit-is-thriving-on-tax-reduction-trades
https://leftfootforward.org/2019/05/prem-sikka-how-uk-regulators-have-covered-up-corruption-and-fraud/
How America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery Another example of how PE skills are really financial engineering not corporate reengineering. https://nyti.ms/2LgefBJ
Alternative Data: sequel to the Algo Wars? https://www.linkedin.com/pulse/alternative-data-sequel-algo-wars-michelle-y-lai
Robots scour earnings calls for ‘vague’ signals to sell – https://on.ft.com/2Pgpx7z via @FT
JPMorgan plan to coin it on the blockchain – https://www.ft.com/content/0bafd9d6-307e-11e9-8744-e7016697f225 via @FT
Patisserie Valerie auditor was ‘not looking for fraud’ – If an auditor can’t find massive fraud in a cake and coffee company what purpose do they serve? https://www.ft.com/content/f8828dc8-24b0-11e9-8ce6-5db4543da632 via @FT