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
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
Debt machine: are risks piling up in leveraged loans? – https://www.ft.com/content/64c9665e-1814-11e9-9e64-d150b3105d21 via @FT
Beyond the bottom line: should business put purpose before profit? – https://www.ft.com/content/a84647f8-0d0b-11e9-a3aa-118c761d2745 via @FT
Hedge Fund Makes Billions Off Americans’ Underwater Mortgages https://www.wsj.com/articles/a-hedge-fund-makes-billions-off-americans-underwater-mortgages-11545742800
Cities Look to Shed Ratings While Taking On More Debt Ratings shopping is alive and well 10 years after financial crisis. Cost savings as an excuse for single ratings is oldest trick in the book. Retail, as always, loses. https://www.wsj.com/articles/u-s-cities-look-to-shed-ratings-while-taking-on-more-debt-11545220801