PIMCO was the first to offer a portable alpha strategy (StocksPLUS). They now have a book out on the concept – Portable Alpha Theory and Practice: What Investors Really Need to Know
When you have the worlds largest endowment at $35 billion, why do your students pay tuition at all? From MetaFilter:
Pay to play. The children of big-donor Harvard alums are systematically given preference over legacy offspring of lesser means. Additionally David Karen, now a professor at Bryn Mawr, concluded that alumni children at Harvard lose most of their admissions advantage if they apply for financial aid.
Time.com’s First Annual Blog Index…what, no World Beta?
“We decided that systematic trading was best. Fundamental trading gave me ulcers.” – Simons
No uclers in 2007, Medallion up 70%.