Messy funds and the illusion of skill | The Evidence-Based Investor
https://www.evidenceinvestor.com/messy-funds-and-the-illusion-of-skill/
Kent’s pension advisers criticised over role in Woodford saga
Kent’s pension advisers criticised over role in Woodford saga Yet more investment “experts” exposed in Woodford saga. https://on.ft.com/2SpIF4v via @FT
Bond Exchange-Traded Funds Pass $1 Trillion in Assets – The Wall Street Journal.
Bond Exchange-Traded Funds Pass $1 Trillion in Assets https://www.wsj.com/articles/bond-exchange-traded-funds-pass-1-trillion-in-assets-11561986396
Why the UK’s biggest fund supermarket stayed so loyal to Woodford
Why the UK’s biggest fund supermarket stayed so loyal to Woodford Funds advisory business in UK is hopelessly broken. Decades behind the US. Woodford’s career has thrown up more red flags than Amity Island on shark feasting day. They were ignored. And for those of you not familiar, Woodford was considered the Warren Buffett of …
Europe’s life insurers fall into the hands of private equity
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
Woodford’s fall shows that investment genius rarely last
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 …
Yield curve is no longer a reliable recession predictor: Wells Fargo
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
NYTimes: How America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery
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?
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
Robots scour earnings calls for ‘vague’ signals to sell – https://on.ft.com/2Pgpx7z via @FT