Fiscal madness continues in the US, with proposals to embed milkfare: Under President Harry S. Truman’s farm policy, the government bought supplies of a product until its price reached “parity” with the cost immediately before …
Search Results for: performance
December 28, 2012
I mentioned the report from Deloitte UK yesterday, titled Bridging the Advice Gap: Delivering Investment Products in a Post-RDR World. Under the new UK regime of prohibiting payments by fund sponsors to salesmen, Deloitte suggests …
December 27, 2012
Quick! Call the handwringers! There’s been another market distortion! California, the world’s ninth- largest economy, has Edison International (EIX) to thank for selling all of its carbon permits in the state’s first auction. The company …
December 24, 2012
It is always interesting to compare Dollar-Weighted returns with Time-Weighted returns as an indicator of how much retail loses by trying to time the market. Bloomberg estimates an enormous figure: Americans have missed out on …
December 21, 2012
Spend-Every-Penny is continuing his heroic efforts to pump up a Canadian housing bubble: Ottawa has increased by $50-billion the amount of residential mortgages that it is willing to guarantee. But this time the Canada Mortgage …
December 20, 2012
An article of mine has been published in the December Advisor’s Edge Report, titled OSFI’s Academic Foray, which discusses a paper published by OSFI titled Evidence for Mean Reversion in Equity Prices, which they explain …
December 19, 2012
There’s a smoking gun in the LIBOR fixing scandal: According to transcripts released by the U.K. Financial Services Authority today, an employee identified as Trader A led efforts to influence Japanese Yen Libor submissions included …
December 18, 2012
As mentioned yesterday, I received a query from an Assiduous Reader asking me to clarify my remarks of December 13 regarding the recent CSA Discussion Paper and Request for Comments on Mutual Fund Fees. Having …
December 17, 2012
The patron saint of lapdogs is getting a little tarnish on his halo: There has been quiet talk for some time that Bank of Canada Governor Mark Carney was seriously considering a run at the …
SLF Sells US Unit; DBRS Yawns; Moody's to Review-Positive
Sun Life Financial has announced: the execution of a definitive agreement whereby Delaware Life Holdings, a company owned by shareholders of Guggenheim Partners, will purchase Sun Life’s domestic U.S. annuity business and certain life insurance …