New Listed Diamond Hedge Fund

Foreign markets, especially London, continue to innovate with listed alternatives far more than the US. The US just recently listed the first quasi-hedge fund (GLRE), although there is news that Man is preparing to list the first true hedge fund in the US.(Although I must say I am looking forward to returning to the "cheaper" cities of NYC...

US States Renamed For Countries With Similar GDPs

Thought this picture was interesting. . .full text here.

Summer Reading

I don't know how CXO does it, I really don't. They consistently churn out great reviews of cutting edge academic papers. In a recent review, CXO takes a look at a Andrew Lo paper titled, Financial Econometrics. An interesting aside, here is the book(s) that forever altered Lo's college career choice towards economics. :Paul Samuelson's...

100th Post, Tally Ho!

It has been slightly more than 5 months since I started my blogging experiment, and today is officially my 100th post! (It certainly feels much longer than that.) It is a bit surreal to be in a London cafe right now, having just polished off some of the best dim sum I have ever had after watching my...

London Trip

If you live or work in London, drop me a line. I am in town for a couple of speaking engagements. Battle of the Quants, June 14IRC Asset Allocation Summit, June 18-22If anyone is attending either conference, please introduce yourself!

Top 100 Stock Blogs

Based on the Technorati and Alexa rankings.

Q&A with Harvard’s El-Erian

The full article can be found here.Q: Could you give us some specific pointers as to how you do that ?A: Absolutely. We feel that there are four distinct, albeit inter-related, issues that long-term investors need to take into account - and they're what we think of when constructing and managing the Harvard portfolio. They're factors we believe will...

Hedge Fund Best Ideas L/S & Market Neutral

I am not sure why I didn't think about this before, but below is a table with hedged versions of the Hedge Fund Best Ideas Portfolio. The L/S version is 50% hedged, rebalanced yearly. The Market Neutral version is 100% hedged, rebalanced yearly. I repeated the portfolio with both S&P and Russell 2000 Indices as hedge...

When a Picture is Worth 1000 Dollars. . .

The first chart is the spread between corporate bonds and 3-Month T-Bills. The second chart is the spread between emerging market bonds and U.S. Three possible plays on tight credit spreads would be to buy AFBIX, or to short LQD or HYG.