It’s not a bug, it’s a feature! The Securities and Exchange Commission today charged three AXA Rosenberg entities with securities fraud for concealing a significant error in the computer code of the quantitative investment model …
Search Results for: performance
February 3, 2011
There was rather an alarming headline, but a story in the Globe made some important points about junk: Still, demand for these [junk bond] deals has quickly escalated after a decade of inactivity, and 13 …
February 2, 2011
In law school, you learn that a contract is holy. On the street, you learn that a contract is where you start: New Jersey Governor Chris Christie said he doesn’t mind breaking promises to pensioners …
February 1, 2011
Mr Joseph S Tracy, Executive Vice President of the Federal Reserve Bank of New York, gave a speech titled A strategy for the 2011 economic recovery: The Great Recession distinguished itself from earlier recessions in …
January 31, 2011
Moody’s has downgraded Egypt: Moody’s Investors Service cut its rating on Egypt’s debt on Monday on concern about its public finances, becoming the second credit agency to turn negative since the country was plunged into …
January 28, 2011
Grecian-based multinationals being higher rated than the sovereign is old hat. Japan is another matter: Toyota Motor Corp. and Canon Inc. are among 13 Japanese companies that will have higher ratings than their home country …
Fed Up with Shoddy Market-Making!
The market-maker for BAM.PR.J did a really shitty job yesterday. According to information supplied by TMX DataLinx the quote at 14:51:59 was 25.66-26.69 and the spread stayed in the range of ninety-seven cents to a …
January 27, 2011
Towers Perrin has released its December 2010 Pension Finance Watch: Strong equity returns dominated pension financial results in December, as the Towers Watson Pension Index moved up 3.5% to 70.7. The index was still down …
January 26, 2011
Brookfield has announced: that it has agreed to issue approximately 15,300,000 Class A Common Shares (“Class A Shares”), on a bought deal basis, to a syndicate of underwriters led by RBC Capital Markets, CIBC World …
January 25, 2011
European politicians have a problem when talking about the potential for sovereign default – nobody believes them: Most global investors predict at least one nation will leave the euro-area within five years and that Greece …