DBRS has announced that it: has today placed the Pfd-4 (high) rating of the Preferred Shares issued by World Financial Split Corp. (the Company) Under Review with Negative Implications. In February 2004, the Company raised …
Search Results for: performance
August 11, 2010
The FOMC was gloomy yesterday; the BoE is gloomy today: Bank of England Governor Mervyn King said inflation will probably slow below the bank’s target in 2012 and growth will be weaker than previously forecast, …
August 10, 2010
On August 6 I reported that one guy with a good track record was calling for low Fed rates for a long time. Another guy with a good track record seems to think otherwise: Warren …
August 9, 2010
A firm called Nanex has a fascinating explanation for the May 6 Flash Crash: Beginning at 14:42:46, bids from the NYSE started crossing above the National Best Ask prices in about 100 NYSE listed stocks, …
August 6, 2010
Most interest rate speculation is empty wind, but Bill Gross’ opinion comes with a track record: Pacific Investment Management Co.’s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to …
August 5, 2010
The hedge fund migration is continuing: Goldman Sachs Group Inc.’s principal- strategies business, a group that makes bets with the firm’s own capital, plans to transform into a fund and raise outside money, a person …
MAPF Portfolio Composition: July 2010
Turnover declined in July to a sleepy 25%. Trades were, as ever, triggered by a desire to exploit transient mispricing in the preferred share market (which may be thought of as “selling liquidity”), rather than …
Elliott: Quantifying the Effects on Lending of Increased Capital Requirements
On July 12 I briefly introduced a study by the Institute of International Finance forecasting ruin and desolation in the worst-case scenario of every single proposed banking regulation being imposed. Additionally, my attention was drawn …
August 4, 2010
A provocative BIS working paper by by Előd Takáts is titled Ageing and Asset Prices: The paper investigates how ageing will affect asset prices. A small model is used to show that economic and demographic …
August 3, 2010
European banks have a lot of refinancing to do: Banks in Europe’s most indebted nations need to refinance $122 billion of bonds this year, likely paying high interest costs even after receiving a clean bill …